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esma consults on draft technical standards on short selling and credit default swaps January 25, 2012

Posted by Bradley in : consultation , trackback

The consultation on draft technical standards on short selling and certain aspects of credit default swaps began yesterday and lasts until February 13. The Commission seems to have given ESMA over 4 months to provide the advice (from the end of November to the end of March) but it took ESMA two months to develop its consultation and it plans to use 6 weeks or so to finalise its advice. That leaves 2.5 weeks for public input. This is a bit of a contrast to the general lengthening of consultation periods the Commission announced at the beginning of the month.


1. Fearghal Kearney - February 15, 2012

Is it a essentially a foregone conclusion that the ban on uncovered CDS will come into place on Nov 1st 2012 and they are simply bedding down the technical specs of the legislation at this time? Will it only apply to European Sovereign and not Corporate Debt markets?