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Europe Daily Bulletin No. 10053

12 January 2010
Contents Publication in full By article 17 / 26
GENERAL NEWS / (eu) eu/financial services
Company accounts departments concerned about work required for managing derivatives

Brussels, 11/01/2010 (Agence Europe) - In a letter sent out last week to the European Commission, the European Association of Corporate Treasurers (EACT) expressed concern at the legislative initiative due out next summer for managing central clearing houses responsible for financial derivatives and imposing additional capital requirements for exchanging non-standard derivatives over-the-counter (EUROPE 9999). EACT declared: “We strongly urge you to preserve the ability of companies to...

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