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EU regulations will screen derivative contracts (Photo: Images_of_Money)

EU agrees new rules on 'shady' derivatives

The European Parliament, member states and the EU commission on Thursday (9 February) agreed the final text of new rules meant to bring transparecy to the over-the-counter (OTC) derivatives market.

"With this agreement, we are making a big step for financial stability. And we are substantially reducing the risk of a future financial crisis, with all its consequences on the real economy, growth, jobs and public budgets," EU internal markets commissioner Michel Barnier said after clinchin...

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EU regulations will screen derivative contracts (Photo: Images_of_Money)

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