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EU Watchdog Wants To Charge Foreign Clearing Houses

wochit business
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September 28, 2013 AT 4:50 AM
The European Union's markets watchdog wants to charge foreign clearing houses seeking to cash in on new derivatives rules being introduced across the 28-country bloc. The move is a sign of how hard-pressed regulators are struggling to implement on time a welter of reforms called for by world leaders during the financial crisis.