Traders will be obliged to clear "standardised" swap contracts centrally and face additional capital charges if they deal derivatives between themselves bilaterally, under proposals planned by the European Union. The European Commission unveiled measures it plans to implement next year to "strengthen the safety of derivatives markets" - in particular, the large but less transparent over-the-counter market.
Click here for full article from the Financial Times: http://www.ft.com/cms/s/0/42d126f8-bdd9-11de-9f6a-00144feab49a.html
Comments