Lawmakers begin work on derivatives regulation

Lawmakers begin work on derivatives regulation

(...) Work on EU legislation to regulate derivatives trading began officially in the Economic Affairs Committee on Monday, with the presentation of a draft report by Werner Langen (EPP, DE). Mr Langen says the new rules should govern only privately-traded derivatives (rather than all kinds, as some Member States wish). His draft also advocates limited exemptions, and scrapping proposed "co-operation" arrangements between clearing houses.(...)