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EU governments back bill on reporting of securities financing transactions

( November 20, 2014, 12:10 GMT | Official Statement) -- MLex Summary: Ambassadors for EU countries supported a bill to gather information on shadow banking by requiring banks, fund managers and other financial companies to report their securities lending and repurchase transactions, or repos. The agreement among governments opens the way for talks with the European Parliament on a final form of the legislation to make securities financing transactions transparent to authorities and the market.The following is the text of the statement. Click the attachment at bottom for the full legislative document....

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