BRUSSELS—European Union antitrust regulators on Wednesday said they accepted commitments offered by International Swaps and Derivatives Association Inc. and data provider Markit that assuage Brussels’ concerns the parties were impeding competition in the lucrative credit-derivatives market. The EU has had concerns that the industry, including ISDA and Markit, was seeking to prevent the multi-trillion-dollar market for credit-default swaps from moving away from the control of banks and onto regulated exchanges, where trading...
EU antitrust regulators have approved proposals offered by Markit and the International Swaps and Derivatives Association that will make it easier to trade credit derivatives . The development will also move the market onto regulated exchanges , soothing concerns that the firms were impeding trade . The new regulations are expected to increase transparency and market stability while lowering transaction costs for investors .