EU Lawmakers Back Derivatives Transparency Measures

Law360, New York (July 5, 2011, 5:36 PM EDT) -- The European Parliament voted Tuesday for proposals that would make the derivatives market more transparent and stable, restrict credit default swap trading and short sales, and beef up protections for private investors.

The votes on short sales and derivatives were preliminary ones used to collect majorities that will be used in negotiations with European Union member states.

Parliament members voted 566 in favor and 17 against, with 88 abstentions, on investor protections that would add "bad advice" as a cause for claiming compensation against fraudulent and...
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