Deal sought on delayed EU derivatives law

Agreement was reached at the first reading stage on the 9 February 2012 between the Council of the European Union and the European Parliament over new legislative proposals for trading in financial derivatives.

• Primary Source

ESO: Background information: New rules are struggle for industry and regulators http://www.europeansources.info/record/new-rules-are-struggle-for-industry-and-regulators/

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

Council of the European Union: Press Release: PRES/12/13: Derivatives: Council's position updated ahead of talks with EP http://www.consilium.europa.eu/uedocs/cms_data/docs/pressdata/en/ecofin/127502.pdf

EUObserver, 10.2.12: EU agrees new rules on 'shady' derivatives http://euobserver.com/9/115214

EurActiv, 10.2.12: Crackdown on derivatives trading agreed http://www.euractiv.com/euro-finance/crackdown-derivatives-trading-ag-news-510720

European Commission: RAPID: MEMO/12/90: Statement by Commissioner Michel Barnier, following the agreement in trilogue of new European rules to regulate financial derivatives http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/12/90&format=PDF&aged=0&language=EN&guiLanguage=en

Denmark: EU Presidency: Press Release, 9.2.12: New rules will increase transparency and safety in derivatives trading http://eu2012.dk/en/NewsList/Februar/Week-6/Emir

European Parliament: Press Release, 9.2.12: EP-Council deal on rules for a safe and transparent derivatives market http://www.europarl.europa.eu/news/en/pressroom/content/20120209IPR37742/html/EP-Council-deal-on-rules-for-a-safe-and-transparent-derivatives-market

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