About: Credit Default Swaps

Deutsche Börse accused of speculating against French debt

Eurex, a subsidiary of Deutsche Börse, will launch on April 16 a new futures contract on French government bonds, a move that is drawing the ire of French Socialists who accused the German group of speculating on France's insolvency.

EU strikes deal to ban ‘naked’ CDS

Brussels gave green light yesterday (18 October) to ban "naked" credit default swaps (CDS) on sovereign debt in an attempt to curb what some policymakers see as hedge fund bets on the euro zone crisis.

EU hits banks with CDS anti-trust probe

The European Union is probing investment banks including Goldman Sachs and JP Morgan over possible collusion in credit default swaps, which many politicians blame for exacerbating the eurozone debt crisis.

EU mulls restrictions on short-selling

The European Commission yesterday (14 June) said it wants to give market supervisors the authority to either ban or restrict short-selling and credit default swaps but disagreement is still rife on whether the EU or national authorities should be in charge. 

Merkel, Sarkozy seek EU ban on naked short selling, CDS

In the clearest signal to financial speculators yet, the French and German leaders, Nicolas Sarkozy and Angela Merkel, heaped pressure on the European Commission to consider an EU-wide ban on naked short-selling and credit default swaps (CDS) on sovereign bonds. 

Germany first to introduce ban on naked short-selling

Germany today (19 May) became the first European country to ban naked short-selling in shares of the country's 10 most important financial institutions, marking the latest step in Europe's crackdown against speculators.

France, Germany seek to curb national debt trading

The EU, "driven by France and to a lesser extent Germany," will try to restrict the trading of sovereign debt to those who own the underlying bonds, according to diplomats, who say the move is aimed at preventing a repeat of the Greek crisis elsewhere.