Regulatory experts say EU's naked CDS ban is ill-judged

ian-marsh

A range of regulatory experts are characterising the controversial ban on naked credit default swap (CDS) trading in the EU, agreed by European members of parliament and the Polish presidency at a meeting on October 18, as ineffective, unjustified and politically motivated.

MEPs have decided to ban naked CDS – where an investor purchases CDS without holding a position in the underlying sovereign debt – as well as extend the European Securities and Markets Authority's (Esma) powers to restrict

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