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EU-lawmakers agree on new rules

Devdiscourse News Desk berlin Germany
Updated: 14-03-2019 00:45 IST
EU-lawmakers agree on new rules

Image Credit: Wikipedia

European Union governments and lawmakers agreed on Wednesday new rules that could force large foreign clearing houses with operations in the EU to relocate to the bloc if they want to continue servicing their EU clients.

"European Parliament negotiators struck a deal with EU ministers to set up an ESMA supervisory committee ... and impose stricter rules on third country ones, depending on systemic risk," the parliament said in a statement, referring to the European Securities and Markets Authority.

(With inputs from agencies.)

COUNTRY : Germany