Brussels, 18/11/2011 (Agence Europe) - Speculation in sovereign debt credit default swaps (CDS) will be virtually banned in the European Union by November 2012. In the evening of Tuesday 18 October, negotiators at the European Parliament and the Polish Presidency reached an interinstitutional agreement in prinpcle on the draft regulation on CDS (see EUROPE 10479), which includes a ban on naked sovereign debt CDS under tight restrictons. Describing the deal as a grand victory of the European...