'Naked' CDS ban
- 5 years ago
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From tomorrow the EU has effectively outlawed any investor buying credit default swaps on the government debt of a member state unless it is to hedge an underlying position. Tim Gately, head of European credit trading at Citigroup, discusses with capital markets correspondent Robin Wigglesworth the implications of this for the bond markets.
Related Article: http://www.ft.com/cms/s/0/437d798e-2295-11e2-b606-00144feabdc0.html
From tomorrow the EU has effectively outlawed any investor buying credit default swaps on the government debt of a member state unless it is to hedge an underlying position. Tim Gately, head of European credit trading at Citigroup, discusses with capital markets correspondent Robin Wigglesworth the implications of this for the bond markets.
Related Article: http://www.ft.com/cms/s/0/437d798e-2295-11e2-b606-00144feabdc0.html