The ETUC has been highly critical of all unregulated parts of financial markets. The significant role played in the current financial crisis by derivatives in general and Credit Default Swaps (CDS) in particular has led the ETUC to participate in the public consultation procedure on derivatives http://ec.europa.eu/internal_market... and on short selling http://ec.europa.eu/internal_market..., both launched by the European Commission to prepare legislative proposals over the summer. The (...)