Tuesday, 8 March 2011

Europe: MEPs vote on short-selling

MEPs yesterday voted on draft EU legislation on short selling and credit default swaps. According to the European Parliament's press release: "A ban on certain trades in sovereign bonds, and requirement that traders settle their uncovered positions by the end of each trading day, were two key outcomes of Monday's Economic Affairs Committee vote on a draft EU regulation on short selling and credit default swaps". A press conference with rapporteur Pascal Canfin takes place later today: see here.

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