Brussels, 07/06/2010 (Agence Europe) - Last week, the European Parliament's economic and monetary affairs committee adopted a draft own initiative report by Werner Langen (EPP, Germany) on EU moves to regulate the derivatives market (see EUROPE 10094). The MEPs point out that credit default swaps (CDS, used for hedging against the risk of a debtor not being able to pay back their debts) are very risky to financial stability and should therefore be strongly regulated or banned. The financial...