Europe to place CDS markets under spotlight: Barnier
European commissioner Michel Barnier says legislation in works requiring credit default swaps to be registered and made fully transparent; follows criticism of investors from European leaders
Europe will unveil measures in the autumn requiring sovereign credit default swaps (CDSs) to be registered, Michel Barnier, the European commissioner for internal market regulation, said on May 17.
"At this stage, I'm not making any accusations, but in October, we intend to deal with this matter very severely," Barnier told reporters at a press briefing on developments in financial regulation. "At the very least we have to ensure responsibility of those using these financial products. We need to
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