The European Union is proposing changes to its post-crisis overhaul of the over-the-counter derivatives markets to make the rules "simpler and more proportionate". Its aim is to reduce the burden for smaller financial services firms, corporates and pension funds.

The European Commission has looked at the 2012 European Market Infrastructure Regulation with the intention of reducing costs and the reporting burden "without compromising financial stability", according to Valdis Dombrovskis, vice-president responsible for financial stability, financial services
and capital markets union.