Over-regulation will drive business overseas says Baltic Exchange
The Baltic Exchange has warned that too much regulation will damage the freight derivatives market and drive business away from Europe following a consultation paper published by the European Commission (EC.)
Responding to calls for greater transparency in derivatives markets, the Baltic Exchange said that more transparency would not necessarily bring more efficiency to the marketplace. "In the freight market, private unregulated companies often choose to keep business confidential and greater transparency [of this nature] would make alternative locations such as Switzerland and Singapore more attractive for market participants, driving business away from the EU," the Baltic Exchange said in a
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