Planned rules on EU banks' bond, derivatives trading under review
European Commission calls for rewrite of proposed ESMA regulations
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
London
EUROPEAN Union banks and asset managers are set to win less stringent rules on buying and selling bonds and derivatives, after the bloc's executive branch called for a rewrite of proposed restrictions on securities that are harder to trade.
The European Commission pushed back against proposed European Securities and Markets Authority (ESMA) regulations that demanded increased transparency in non-equity markets, saying that a "more cautious approach" was needed, according to a letter from the commission to ESMA that was obtained by Bloomberg News. ESMA, which is in charge of writing the standards, said that it was considering how to respond.
Share with us your feedback on BT's products and services
