CDS regulation in Europe moves closer

The prospect of legislation which would force banks and dealers in Europe to clear their deals in the huge credit default swap market centrally moved closer on Tuesday, when Charlie McCreevy, EU Internal Market Commissioner asked the European Parliament to support the move, February 2009.

ESO: Background information: Paris presses for ECB credit derivative clearer http://www.europeansources.info/record/paris-presses-for-ecb-credit-derivative-clearer/

European Commission: Speech: SPEECH/09/34: Address by Commissioner Charlie McCreevy at the EP Committee on Economic and Monetary Affairs (ECON) , Strasbourg, 3 February 2009 http://europa.eu/rapid/pressReleasesAction.do?reference=SPEECH/09/34&format=PDF&aged=0&language=EN&guiLanguage=en

Website: International Swaps and Derivatives Association (ISDA) http://www.isda.org/

EurActiv, 5.2.09: Parliament to take lead on derivatives regulation http://www.euractiv.com/euro-finance/parliament-take-lead-derivatives-news-221197

Website: Futures and Options Association (FOA) http://www.foa.co.uk/

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