Late accord leads European Parliament to approve EMIR

The European Commission crafted a compromise on over-the-counter derivatives rules at the last minute, turning an expected rejection into approval by the European Parliament. The deal means nonfinancial users of swaps will be subject to the law eventually, instead of right away; such users typically utilize swaps for hedging. Official sign-off on the European Market Infrastructure Regulation is set for Feb. 19.

View Full Article in:

Trade News (U.K.), The · Reuters · Financial Times (tiered subscription model)

Published in Brief: