EU ATTEMPTS FINAL DEAL ON DERIVATIVES.

The EU member states' ambassadors are to hold last-ditch talks on a draft regulation on derivatives, on 9 February, in an attempt to heal a rift with MEPs over the role of the EU's markets authority in future disputes. Agreement on the draft European Markets Infrastructure Regulation (EMIR), first published in September 2010, has faltered over how to refer disputes between national regulators over the authorisation of central counterparties (CCPs) to the Paris-based European Securities and Markets Authority (ESMA). A...