Hedge Funds Review – A European Union rule banning naked CDS trading is misguided and “another instance of the authorities blaming the wrong people and imposing the wrong policies”, says Cass Business School’s Ian Marsh.
A range of regulatory experts say the controversial ban on naked credit default swap (CDS) trading in the European Union (EU), agreed by European members of parliament and the Polish presidency at a meeting on October 18, as ineffective, unjustified and politically motivated.
