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Europe Daily Bulletin No. 10111

2 April 2010
GENERAL NEWS / (eu) eu/internal market
Michel Barnier against ban on “naked credit default swaps”

Brussels, 01/04/2010 (Agence Europe) - During a dinner with the British banking sector at the City of London on Wednesday 31 March, European Internal Market Commissioner Michel Barnier specified his position regarding the regulation of derivatives and especially credit default swaps (CDS). “We are also studying the effects of naked credit default swaps on sovereign debt. (…) That is why we have put a taskforce in place to look further at this issue. I may address this issue as part of my...

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