Treasury exemption decision leaves Europe divided
The proposed determination by the US Department of the Treasury to exempt foreign exchange swaps and forwards from the clearing and exchange trading requirements of the Dodd-Frank Act has left European Union politicians divided over whether EU regulation should follow suit.
The European Parliament and the Council of the European Union are debating and amending the draft over-the-counter derivatives regulation adopted by the European Commission (EC) in September 2010. The EC draft made no
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