Hopes rise for EU re-entry to UK swaps market
EC says discussions on draft decision softening derivatives trading obligation are ‘advanced’
European Union dealers are optimistic the European Commission will soon permit their re-entry to on-venue swap markets in the UK, following an application process of almost two years.
“We have reasons to be optimistic,” says Stéphane Giordano, chairman of the French financial markets association, Amafi, who also works in Societe Generale’s public affairs team. “It’s still in discussion on the
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