European Parliament committee accelerates on derivatives reform
The Economic and Monetary Affairs Committee (Econ) of the European Parliament will meet in Brussels today (February 28) and is scheduled to discuss a draft parliamentary report on the European Commission's (EC) regulation of over-the-counter derivatives.
Circulated in German on February 9, the report was drafted by rapporteur Werner Langen and was not available in English until last week. Although it makes no suggestion of special treatment or exemptions for foreign exchange contracts, the
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