Brussels, 04/07/2012 (Agence Europe) - On Wednesday 4 July, the Council of Ministers formally rubber-stamped the inter-institutional agreement in principle of February 2012 on a draft EU regulation on derivatives (see EUROPE 10585 and 10551), which will come into force in January 2013.
In line with the G20 guidelines, the EU rules aim to shed light on derivatives deals which were sold in the past over the counter (OTC) in secrecy. The new rules require deals to be cleared though centralised...