EU agrees on tighter oversight of 'dark pools'

European Union states have reached a tentative deal to tighten regulation of derivatives markets

European Union states reached a tentative deal Monday to tighten regulation of derivatives markets that sets finance ministers on a collision course with the European Parliament, opening the prospect of months of haggling over a compromise deal.

The rules, known as the Markets in Financial Instruments Directive II, or Mifid II, aim to create a regulated trading environment for over-the-counter derivatives and boost competition among clearing houses in the EU. They are part of an effort by nations of the Group of 20 large economies to shine a light on the more opaque parts of the financial system.

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Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on ItExternal link

Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on It