EU watchdog wants to charge foreign clearing houses

LONDON — The European Union’s markets watchdog wants to charge foreign clearing houses seeking to cash in on new derivatives rules being introduced across the 28-country bloc, an EU document showed on Saturday.

The move is a sign of how hard-pressed regulators are struggling to implement on time a welter of reforms called for by world leaders during the financial crisis.

One set of new rules being phased in aims to make derivatives like credit default swaps and interest rate swaps safer after taxpayers were forced to bail out banks in 2008 that held large amounts of them.

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