Germany, France urge EU to accelerate curbs on CDS, short sales

Germany and France called on the European Commission to speed up and intensify efforts to curb market speculation with restrictions on naked short selling of certain stocks and regulation of credit default swaps. However, the commission rejected claims that it is not moving quickly enough and said a consensus among the 27 EU nations is needed before a decision can be made. AFME Managing Director Jane Levi said efforts by the French to rein in short selling would bring "no practical benefit and could result in a number of unintended negative effects".

View Full Article in:

Telegraph (London) (tiered subscription model), The · Reuters · Bloomberg · Wall Street Journal, The · Times (London) (subscription required), The · New York Times (tiered subscription model), The

Published in Brief: