Market questions EC's plans for OTC derivatives oversight
BRUSSELS - Key market participants raised questions of market equality and choice in response to last Friday's (July 3) communication from the European Commission on the stability of the over-the-counter derivatives markets.
The EC identified four key tools (see box) required to ensure the OTC derivatives markets "do not harm financial stability". These were met with broad support from Icap, the Wholesale Market Brokers Association (WMBA) and the International Swaps and Derivatives Association
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