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Image header Agence Europe
Europe Daily Bulletin No. 10268
Contents Publication in full By article 13 / 46
GENERAL NEWS / (eu) ep/financial services

Pascal Canfin wants to ban naked default swaps

Brussels, 01/12/2010 (Agence Europe) - French Green MEP Pascal Canfin wants to ban the holding of credit default swaps (CDS) against the risk of issuers of sovereign debt (in other words, nation states) defaulting on their debt for investors that do not actually own the bonds and gilts (sovereign debt) to which the CDS apply. In a draft report on the draft refutation on naked short selling and derivatives that will be discussed by a committee at the European Parliament on Monday 13 December...

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