"CDS" souverains à nu, accord interinstitutionnel en vue - Communiqué du Parlement Européen
10/19/2011 PECrack down on short selling and sovereign debt
speculation
MEPs and the Polish Presidency on Tuesday clinched a deal on the regulation beefing up standards and requirements for the practices of short selling and trading in credit default swaps (CDS), a financial product insuring against default. The rules will impose much more transparency, increase the powers of the EU's financial watchdog and virtually ban certain CDS trades, thereby making speculation on a country's default more difficult.
This is one of the key regulations pushed through by the Commission to tackle the financial crisis. It will strengthen rules on short selling and CDS trading, two practices accused of fuelling market volatility. CDS trades have been widely blamed for potentially aggravating Greece's troubles.
http://www.europarl.europa.eu/en/pressroom/content/20111018IPR29720/html/Crack-down-on-short-selling-and-sovereign-debt-speculation
MEPs and the Polish Presidency on Tuesday clinched a deal on the regulation beefing up standards and requirements for the practices of short selling and trading in credit default swaps (CDS), a financial product insuring against default. The rules will impose much more transparency, increase the powers of the EU's financial watchdog and virtually ban certain CDS trades, thereby making speculation on a country's default more difficult.
This is one of the key regulations pushed through by the Commission to tackle the financial crisis. It will strengthen rules on short selling and CDS trading, two practices accused of fuelling market volatility. CDS trades have been widely blamed for potentially aggravating Greece's troubles.
http://www.europarl.europa.eu/en/pressroom/content/20111018IPR29720/html/Crack-down-on-short-selling-and-sovereign-debt-speculation