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Europe Daily Bulletin No. 10722

1 November 2012
ECONOMY - FINANCE - BUSINESS / (ae) finance
Blanket ban on sovereign debt speculation comes into force

Brussels, 31/10/2012 (Agence Europe) - EU Regulation 236/12 on the naked sale of some types of credit default swap (CDS) insurance policies against the bankruptcy of a debt emitter, along with its application measures, comes into force on Thursday 1 November (see EUROPE 10495). This is flagship legislation initiated by the G20 in the wake of the 2008 financial crisis and it virtually bans speculation using sovereign debt CDS. It is no longer possible for investors to buy up CDS for Spanish...

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