IA Report: Short selling and aspects of credit default swaps with regard to definitions, the calculation of net short positions, covered sovereign credit default swaps, notification thresholds, liquidity thresholds for suspending restrictions etc (2012)

Type of practice:

The "delta adjusted model" for calculating long and short positions in shares as proposed by ESMA/CESR is used for the purpose of the Impact Assessment on short selling and certain aspects of credit default swaps with regard to definitions, the calculation of net short positions, covered sovereign credit default swaps, notification thresholds, liquidity thresholds for suspending restrictions, significant falls in the value of financial instruments and adverse events. The corresponding IA Report (http://ec.europa.eu/governance/impact/ia_carried_out/docs/ia_2012/swd_2012_0198_en.pdf) gives an account of this application.

Economic impacts:

Policy areas:

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Year of IA Practice:

2012