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Europe Daily Bulletin No. 10215
Contents Publication in full By article 6 / 30
GENERAL NEWS / (eu) eu/financial services

European Commission not planning to ban “naked short selling” at EU level

Brussels, 15/09/2010 (Agence Europe) - On Wednesday 15 September, the European Commission presented a proposed regulation providing a framework for short selling techniques and transactions on certain derivative products: contracts to cover the risks of default by a debt issuer (“credit default swaps” or CDS) (EUROPE 10211). It plans to restrict, but not to ban, so-called “naked” short selling. These rules will apply from July 2012.

Short selling consists of selling a financial...

Contents

A LOOK BEHIND THE NEWS
A Look Behind The News, by Ferdinando Riccardi: Importance and objective of a summit that will not be making any decisions
THE DAY IN POLITICS
(EU) EU/EUROPEAN COUNCIL: Leaders launch debate to give EU foreign policy “strategic direction” - Interim report on economic governance
(EU) EU/TUNISIA: Human rights association mobilises against “inconsistency” of EU-Tunisia cooperation
(EU) EU/FOREIGN AFFAIRS: Catherine Ashton announces first appointments
GENERAL NEWS
(EU) EU/FINANCIAL SERVICES: Improved observation and supervision of derivatives market
(EU) EU/FINANCIAL SERVICES: European Commission not planning to ban “naked short selling” at EU level
(EU) EU/JHA: Paris and Berlin want to tackle bogus asylum seekers
(EU) EU/YOUTH: Commission presents “Youth on the Move” to help young people acquire skills needed to get first job
(EU) EU/TRANSPORT: Transport ministers meet in Antwerp to discuss future of water-borne transport
(EU) EU/ENVIRONMENT: European Mobility Week up and running on theme “Travel Smarter, Live Better”
(EU) EU/REGIONAL: Johannes Hahn avocates strong urban agenda - Paul Bevan: no progress in EU 2020 without cities
(EU) EU/EESC: Constitutive session - Roma situation on agenda
(EU) EU/AGRICULTURE: France and Germany argue for strong agricultural policy after 2013 - Regulation and budget have to match level of ambition
(EU) EU/FISHERIES: Commission proposes increase in cod catch in Baltic for 2011 - Sharp falls for herring and sprat
(EU) EU/FISHERIES: Scientists concerned at state of stocks
(EU) EU/TRADE: Denmark and United Kingdom insist that Pakistan be granted more than just preferential access for some of its textiles
(EU) EU/TRADE: Karel De Gucht hoping for agreement with Mercosur in 2011
(EU) EU/ANTIDUMPING:
(EU) EU/COURT OF JUSTICE: Court confirms that sign made up by shape of product needed to obtain technical result cannot be registered as Community trade mark
(EU) EU/COURT OF JUSTICE: Advocate General recommends rejecting case brought against Portugal over access to profession of notary
(EU) EU/COMPETITION: Green light to Thomas Cook's acquisition of Öger Tours
(EU) EU/COMPETITION: Commission forbids regional aid to Fri-el Acerra
(EU) EU/STATE AID: Commission clears restructuring of Latvian bank Parex
(EU) EU/STATE AID:
(EU) EU/STATE AID/SLOVAKIA:
(EU) EU/COURT OF JUSTICE:
(EU) EU/ECONOMY: Annual eurozone inflation rate down to 1.6%
(EU) EU/LEGISLATION: main acts published in EU Official Journal
SUPPLEMENT
EUROPE/Documents No. 2539: Franco German position for a strong common agricultural policy beyond 2013
€ VALUE IN DIFFERENT CURRENCIES ON 15/09/2010: