Moves in motion to limit CDS use

Article reports that more European politicians are moving towards introducing measures to clamp down on the credit defaults swap market.

Some politicians say the CDS market, largely traded by hedge funds and banks, had worsened the Greek debt crisis by moving violently on only a handful of trades.

ESO: Background information: CDS regulation in Europe moves closer http://www.europeansources.info/record/cds-regulation-in-europe-moves-closer/

Wikipedia: Credit default swap http://en.wikipedia.org/wiki/Credit_default_swap

ESO: Background information: Lagarde wants look into murky market http://www.europeansources.info/record/lagarde-wants-look-into-murky-market/

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