The Opinion of the EESC on the proposed Regulation on short-selling and Credit Default Swaps (CDS) has appeared in the Official Journal. It broadly supports a harmonised regulatory framework with consistent powers for regulators. The EESC does not feel an outright ban on all naked CDS is justified and thinks the proposed settlement regime for naked short sales would be better with some intra-day flexibility to cover short positions. It also supports a two-tier disclosure regime for equities. Finally, it agrees the concerns expressed in the proposal about CDS related to sovereign debt. (Source: EESC Opinion on short-selling and CDS)