Brussels, 06/07/2012 (Agence Europe) - On Thursday 5 July 2012, the European Commission unveiled new implementation measures for EU Regulation 236/12, applicable from November 2012 onwards, for naked short-selling and sovereign debt credit default swaps (CDS) (see EUROPE 10495).
The regulation virtually bans speculation in CDS, but investors will be able to buy them if they own the underlying bonds of the countries in question and/or assets whose value is largely determined by sovereign...