Brussels, 24/01/2012 (Agence Europe) - On Tuesday 24 January, EU27 finance ministers issued the Danish Presidency with a new negotiating mandate for the draft EU legislation on derivatives (see EUROPE 10536), which sets out a division of power between nation states and Brussels for the authorisation of centralised payment and clearing houses (CCP) for standardised derivatives.
Danish Economy Minister Margrethe Vestager said that the EU27 was perfectly capable of reaching compromise on very...