EU's Barnier welcomes US' tougher talk on derivatives

04/20/2010 | Financial Times (tiered subscription model)

Michel Barnier, internal-market commissioner for the EU, said a case against Goldman Sachs has "strengthened his belief" that Europe needs to take action to improve transparency in the over-the-counter derivatives market. Barnier's comments indicate solidarity with the Obama administration regarding the introduction of rules governing the derivatives market.

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