Warning to UK and France on derivatives

Rivalry between Paris and London could jeopardise Europe’s competitiveness in the vast 'over-the-counter' derivatives markets, France’s stock market regulator warned July 2009.

Jean-Pierre Jouyet, chairman of the Autorité des Marchés Financiers (AMF), the French regulator, told the FT that disagreement between the two countries over how to regulate trading in these complex products could hinder a European solution and drive business to the US.

ESO: Background information: Europe gets involved in race for OTC regulation http://www.europeansources.info/record/europe-gets-involved-in-race-for-otc-regulation/

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

ESO: Background information: Nordic clearing house drives OMX changes http://www.europeansources.info/record/nordic-clearing-house-drives-omx-changes/

ESO: Background information: Financial services: Commission outlines ways to strengthen the safety of derivatives markets http://www.europeansources.info/record/press-release-financial-services-commission-outlines-ways-to-strengthen-the-safety-of-derivatives-markets/

European Commission: DG Internal Market and Services: Financial Markets Infrastructure: Derivatives http://ec.europa.eu/internal_market/financial-markets/derivatives/index_en.htm

Website: Autorité des Marchés Financiers (AMF) http://www.cob.fr/Default.asp?lang=en

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