Financial Times FT.com

European companies fear OTC curbs

By Richard Milne and Jeremy Grant in London

Published: October 6 2009 23:36 | Last updated: October 6 2009 23:36

Europe’s biggest industrial companies face the prospect of having to raise tens of billions of euros because of a proposed regulatory crackdown on “over-the-counter” derivatives.

Eon , Europe’s largest utility, said that it could have to raise about €7.5bn in new credit lines or extra cash reserves if the proposals from the European Commission were passed.

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