New EU deal looms for derivative rules

EU officials will meet next week to thrash out a deal on clearing rules for over-the-counter derivatives.

27th January, 2012

EU officials will meet next week to thrash out a deal on clearing rules for over-the-counter derivatives.

The talks in Brussels will focus on “the big question” of what powers regulators should have to override national decisions authorising clearinghouses, said Sharon Bowles, a British lawmaker who chairs the parliament’s financial regulation committee.

Denmark, which holds the EU’s rotating presidency, will lead the negotiations with members of the European Parliament and Michel...

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