The European Union (EU) finance ministers have different views about regulating derivatives, Financial Times reports. The European Central Bank has also publicly doubted the impact that the proposed rules could have on its liquidity management.
In Luxembourg, the EU finance ministers had different perspectives over whether the new rules should be limited to over-the-counter derivatives or whether they should be extended to all derivatives and also over the role of the European Securities and Markets Authority. The ministers also raised issues about the extent to which there should be exemptions for certain investors’ categories.
Click here for the story from Financial Times.