The impassioned call to ban naked credit default swaps gathered momentum last month when the European Parliament announced that it intended to tackle speculative trading, ostensibly in credit default swaps on sovereign debt. In a speech to European lawmakers, Michael Barnier, the European Union’s internal market commissioner, said he planned to propose rules that would provide a “framework” to cover purely speculative naked short selling. Although no specifics were given, officials in Brussels indicated that a range of possibilities would be considered.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
