ESMA Seeks Credit Swaps Transparency After Deutsche Bank Turmoil

Europe’s top financial markets regulator is pushing for greater disclosure on credit default swaps after swings in the derivatives temporarily plunged Deutsche Bank AG into turmoil earlier this year.

The supervisory body, which said it was scrutinizing the CDS market after the German lender’s shares slumped as much as 15% on March 24, wants to increase the speed and granularity of reporting positions, according to chair Verena Ross. That includes those of counterparties outside the European Union, she said.

Credit default swaps are used by investors to hedge risk or make bets on companies. After Deutsche Bank’s plunge fueled ...