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EP-Council deal on rules for a safe and transparent derivatives market

After long negotiations a compromise deal on new EU legislation to regulate trade in over-the-counter (OTC) derivatives and make the derivatives market safer and more transparent was struck by Parliament and Council representatives on Thursday, 9 February 2012. Derivatives trading is widely believed to have contributed to the global financial crisis.

Click below for full press release:

ECON 09-02-2012

Click below to hear statements by Sharon BOWLES, (ALDE, UK), Chair of the Committee on Economic and Monetary Affairs and Werner LANGEN, (EPP, DE), rapporteur

Statements by Sharon Bowles and Werner Langen