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EU Lawmakers Approve New Derivs Rules

The European Parliament lawmakers have passed a new derivatives legislation.

The European Parliament lawmakers have passed a new derivatives legislation, The Wall Street Journal reports. The legislation will require most derivatives trades to be settled through central clearing houses and also require all derivatives trades to be reported to centralized trade repositories.

The obligation to move derivatives through a central clearing house will apply to much of the $600 trillion derivatives traded off an exchange or over the counter, adds Reuters. The legislation will exclude the clearing requirement for foreign-exchange and other derivatives.

Click here for the story from The Wall Street Journal.

Click here for additional coverage from Reuters.

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