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Europe Daily Bulletin No. 9764

18 October 2008
Contents Publication in full By article 19 / 30
GENERAL NEWS / (eu) eu/financial services
Charlie McCreevy on derivatives

Brussels, 17/10/2008 (Agence Europe) - EU Internal Market Commissioner Charlie McCreevy issued a statement on Friday 17 October 2008 in which he explained that he would be making an in-depth study of the global derivatives market, valued at $600,000 billion a year. He will be focussing on the new credit default swaps, which now account for around 10% of all derivatives. “I would like to have, by the end of this year, concrete proposals as to how the risks from credit derivatives can be...

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