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Europe Daily Bulletin No. 9999

16 October 2009
Contents Publication in full By article 13 / 32
GENERAL NEWS / (eu) eu/financial services
Commission suggests new legislation in 2010 to reduce derivatives risk

Brussels, 15/10/2009 (Agence Europe) - Next week, the European Commission will be publishing a report on the legislation it is planning to unveil in 2010 to better regulate the derivatives markets, worth around €300,000 billion a year. According to a draft document seen by EUROPE, it will suggest harmonising at EU level the national rules that currently apply to clearing houses for derivatives, making it compulsory to archive over the counter markets transactions. The EU Basel II Directive...

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