The European Parliament has opposed an attempt by the U.S. to influence European regulations to overhaul the global derivatives market, The Wall Street Journal reports. There is a difference between how U.S. and European regulators interpret the Group of 20 mandate to restructure the global derivatives market.

U.S. watchdogs have suggested that the clearing mandate cover all types of derivatives, including listed derivatives to cut any potential loopholes in the new regulations. The European Union does not support extending its rules to listed derivatives and has said that doing so takes the regulation beyond the original scope drafted by the G-20.

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