Short-Selling Rules Have Improved Transparency: EU Agency

Law360, New York (June 3, 2013, 2:27 PM EDT) -- The European Securities and Markets Authority said Monday that a new regulation cracking down on short selling and credit default swaps has improved transparency and helped reduce market volatility.

The regulation, which includes a ban on naked short selling, lays out a common regulatory framework and ensures greater coordination and consistency between European Union member states, ESMA said. The regulation is aimed at enhancing transparency, reduce certain risks associated with short selling and uncovered credit default swaps and ensure a common regulatory approach across the EU....
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