Brussels, 15/03/2011 (Agence Europe) - At the ECOFIN Council meeting of Tuesday 15 March, member states were split over the draft regulation on short-selling and derivatives deals (see EUROPE 10125). The meeting focused on whether the regulation should cover credit default swaps on sovereign debt (sovereign CDS) and the role of the new European Securities and Markets Authority (ESMA) with the view of reaching agreement in principle at the Council in May.
As far as the European Commission,...