Press Release: New framework to increase transparency and ensure coordination for short selling and Credit Default Swaps

The European Commission today adopted a proposal for a regulation on short selling and certain aspects of Credit Default Swaps (CDS). Its main objectives are to create a harmonised framework for coordinated action at European level, increase transparency and reduce risks. The new framework will mean regulators – national and European - have clear powers to act when necessary, whilst preventing market fragmentation and ensuring the smooth functioning of the internal market.

• Primary Source

European Commission: Memo/10/409: Proposal for a Regulation on Short Selling and Credit Default Swaps - FAQs http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/10/409&format=HTML&aged=0&language=EN&guiLanguage=en

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