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Commissioner Barnier sees himself as the sheriff and naked short sellers are the bandits (Photo: Joekoz451)

Brussels to tame 'Wild West' derivatives and short-selling

In the latest part of its endeavour to bring an end to the light-touch regulatory climate that produced the economic crisis, the European Commission has proposed a series of rules intending to shine a light on the until-now murky trading in some of the market's more complicated financial practices: derivatives and short-selling.

In the unveiling of the first of two bills, internal market commissioner Michel Barnier on Wednesday proposed that traders of what are called 'over-the-counter'...

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Commissioner Barnier sees himself as the sheriff and naked short sellers are the bandits (Photo: Joekoz451)

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