Date: 5th October 2016
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Type: In the news
European lawmakers have called off a controversial vote that would have led to further delays implementing reform of the region’s derivatives markets, following strong pressure by the European Commission.
Leading parliamentarians agreed on Thursday to withdraw a motion just hours before it was set to go to all 750 members of the European Parliament. If passed, it would have rejected some of the rules drafted by the European Securities and Markets Authority (ESMA), the markets regulator, intended to tighten over-the-counter (OTC) derivatives trading.
Read the full article here. (Source: Financial Times)