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Europe Daily Bulletin No. 10412

6 July 2011
GENERAL NEWS / (ae) ep/finance
Derivative products - MEPs one step ahead of Council

Brussels, 05/07/2011 (Agence Europe) - The members of the European Parliament adopted the position of the committee on economic and monetary affairs on the rules for derivative financial products, a market which has been valued at “12 times global GDP”, according to rapporteur Werner Langen (EPP, Germany). Amongst other things, they are pleading for all transactions in derivative products, whether they are traded through a stock exchange or over the counter (OTC), to be notified to...

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