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Europe Daily Bulletin No. 10446

7 September 2011
GENERAL NEWS / (ae) eu/finance
No change in line on CDS

Brussels, 06/09/2011 (Agence Europe) - On Tuesday 6 September, the European Parliament and the Council of Ministers resumed their talks about the draft directive on short-selling and credit default swaps (CDS) (see EUROPE 10412). The EP rapporteur, French Green MEP Pascal Canfin, wrote in an email that important progress had been made on the powers of ESMA and restricting naked short selling, but serious disagreement remained over CDS for sovereign debt. The EP wants to ban the sale of CDS...