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EU commissioner vows to hold market to its CDS commitment


EU internal markets and services commissioner Charlie McCreevy has said he is  monitoring the over-the-counter derivatives market’s commitment to begin clearing credit default swaps by July 31. McCreevy warned the derivatives market that if it did not meet the deadline, he would consider alternative measures.Speaking at...

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“The banks are investors too. I can’t favour investors with inside information – that’s basically what this is.”

TAM's treasurer voices frustration with Brazil’s new derivatives registration initiative.