Law360, New York (February 22, 2012, 3:00 PM ET) -- European Union finance ministers on Tuesday adopted a new regulation cracking down on short selling and credit default swaps, which have been blamed for market volatility.
The regulations, which include a ban on naked short selling, are expected to take effect in November. The Economic and Financial Affairs Council said in a statement that the regulation “introduces common EU transparency requirements and harmonizes the powers that regulators may use in exceptional situations where there is a serious threat to financial stability.”
Covered short-selling takes place when...
EU Ministers Crack Down On Short Selling, CDS
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