Germany cuts euro and equity derivatives ban
The German government has reversed course on a proposed ban on euro foreign exchange derivatives and equity derivatives.
Short-selling restrictions introduced by the German securities regulator, Bundesanstalt für Finanzdienstleistungsaufsicht (Bafin), on May 18 banned only three types of trade: naked short-selling of eurozone government bonds; naked shorting of credit default swaps on those bonds; and naked shorting of 10 German financial stocks.
But on May 25 the finance ministry proposed
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