Britain urges EU to introduce competition in derivatives

It seems that Britain urges EU to introduce competition in derivatives.UK Finance Minister George Osborne was isolated on Tuesday in his attempts to secure any major easing of an EU law.Britain, anxious to retain London’s status as one of the top global markets for derivatives.Osborne told a meeting of EU finance ministers in Brussels on Tuesday.EU financial services chief Michel told ministers that delay in approving the rules was being used by the United States to justify a unilateral approach.

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Britain urges EU to introduce competition in derivatives