Brussels, 12/05/2011 (Agence Europe) - The vast majority of the EU member states agreed on Wednesday 11 May to the most recent compromise deal drafted by the Hungarian Presidency for the new EU regulation on short-selling and derivatives (see EUROPE 10338), believing that new EU rules are required to restrict naked short-selling of sovereign debt on the bond markets where necessary in order to ensure sufficient liquidity.
Despite agreement being reached, the United Kingdom is concerned...