EU wants sight of data on OTC trades

Article reports that Michel Barnier, the European Union Commission for the Internal Market and Services, who is driving reform of the bloc’s financial regulation, has told US Treasury secretary Tim Geithner that EU regulators will need 'unfettered access' to data on swaps trading held in 'trade repositories as they tighten scrutiny of the over-the-counter derivatives market.

ESO: Background information: EU backs tougher US line on derivatives http://www.europeansources.info/record/eu-backs-tougher-us-line-on-derivatives/

---