Publications

Scroll Down

Scroll Up

Briefing - Financial Regulatory Group (Derivatives Markets), December 2009

  • On 20 October 2009, the European Commission (the “Commission”) issued a communication outlining the policy actions which it intends to take in 2010 relating to the future regulation of derivatives markets. The Commission believes that there is a need for regulation in this area as, in its view, derivatives have contributed to the recent financial turmoil by allowing leverage to increase and by interconnecting market participants. In the Commission’s view this went unnoticed because of the lack of market transparency which arose as a result of the predominantly OTC market structure in respect of derivatives.
  • 15.12.2009