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EU push for market law deal stumbles amid commodity rule split

Posted on 13 December 2013

The European Union’s bid to clinch a deal next week on overhauling its financial market law may fail amid clashes over rules for commodity derivatives and other issues, a lawmaker said.
Members of the Parliament and officials from Lithuania, which holds the rotating presidency of the EU, didn’t resolve any of the main outstanding points in the draft law during talks today in Strasbourg, France, Markus Ferber, the Parliament’s chief negotiator on the law, said in a phone interview. Sticking points included how to handle overseas-based firms and access to clearinghouses’ trade-feed data, he said………………………………………..Full Article: Source


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