Slower OTC Action Expected In Europe

15 May 2009

The European Commission said it supports U.S. goals to regulate the over-the-counter derivative market, but neither endorsed U.S. plans nor appeared in a rush to introduce its own OTC oversight.

The European Commission said it supports U.S. goals to regulate the over-the-counter derivative market, but neither endorsed U.S. plans nor appeared in a rush to introduce its own OTC oversight. A spokesman for the E.C. said, “We seem to have similar objectives but have not studied the details ...

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