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Europe Daily Bulletin No. 10468

7 October 2011
Contents Publication in full By article 10 / 28
GENERAL NEWS / (ae) eu/banking
UK wants competitive derivative market

Brussels, 06/10/2011 (Agence Europe) - Despite lack of support from the 26 other member states, the United Kingdom has won several concessions over the draft EU regulation on derivatives, on which basic agreement was reached at the ECOFIN Council in Luxembourg on Tuesday 4 October (see EUROPE 10466). The regulation will increase transparency and reduce risk in a market blamed with spreading the 2008 financial crisis. It introduces reporting requirements for derivative deals on national...

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