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European Firms Ask For Clarification On Derivatives Opt-Outs
Business Europe has asked the European Union to clarify firms’ opt-out options under proposed derivatives regulations, reports Europolitics.
Business Europe has asked the European Union to clarify firms’ opt-out options under proposed derivatives regulations. In a letter to Michel Barnier, the EU’s commissioner of internal markets, the group said it wants to maintain opt-outs for non-financial companies even if dealing with a bank (that is subject to the regulations) or with a company that has exceeded its clearing and reporting thresholds.