15/07/2009 (Agence Europe) - The European Banking Federation (EBF) has welcomed the European Commission consultation exercise on inherent risks in derivatives markets (see EUROPE 9935). Supporting the creation of clearing houses for credit default swaps, the EBF maintains, nonetheless, that participants are already heavily regulated and that “over the counter” (OTC) markets must be able to evolve. “Innovation and diversity of the product range must not be hampered by the streamlining...