EUROPE: EU to ban EU Naked Sovereign credit default swaps (CDS)

Tuesday October 18 2011

Further to the update of 23 September, it is being reported that the EU is to include an optional ban onnaked credit-default swaps on sovereign debt in a draft EU short selling law which is to be discussed by officials. The ban is part of a draft law that will restrict naked EU short selling of stocks and government bonds.

This information will be updated as further details become available.