EU says near deal with Washington on derivatives rules

The European Union and the United States are poised to accept each other's rules on financial derivatives trading in a bid to prevent a global market that supports economic growth from fragmenting, a senior EU official said on Tuesday. Some of the U.S. rules would force some European banks to comply with American and EU rules, a costly undertaking. Olivier Guersent, a top official in the European Commission's financial services unit, said the 18-month long talks became blocked until the arrival