Moody’s lowered France’s sovereign debt rating
On November 19th, Moody’s, stripped France of its Triple A sovereign credit-rating. This decision came after the agency had put France on negative outlook for a few months after Standard & Poor’s downgraded France from the top rating. Moody’s based its...
Temporary Short-Selling Ban in 4 European Countries
The regulators of France, Belgium, Italy and Spain announced yesterday a 15-day ban on the short-selling of certain financial stocks and derivatives linked to them, in response to particularly sharp falls in banking shares this week. As a...
The new French net short position disclosure regime
As of February 1, 2011, a new permanent regime for disclosing net short positions in shares is applicable in France in anticipation of the regime to be implemented pursuant to the future European Regulation due to...
The new hedge funds’ path to the European market
On Tuesday, October 19th, the European finance ministers reached a breakthrough agreement which aims to open the European Union’s (EU) market to foreign hedge funds. In return for complying with common rules which will be set by the incoming European Securities and Markets Authority (ESMA) to...