Umbrella association to boost derivatives in Europe


The four national derivatives associations of Germany, Italy, Austria and Switzerland are joining together to form a European umbrella organisation. The group has been created to represent the interests of the growing derivatives sector in Europe, particularly structured products.

"This branch of derivatives needs a voice in Europe and there wasn't one," says Hartmut Knuppel, spokesman for the organisation, which is still in its formative stages. It will have several goals based around advancing

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