The EU Commission is due to unveil a whole package of new rules to regulate financial markets

The German cabinet has approved a bll that will curb speculative trading practices. The new legislation will extend the ban on what's known as naked short selling to all shares. Meanwhile the EU Commission is due to unveil a whole package of new rules to regulate financial markets. One measure is the creation of an EU crisis fund, financed through a levy on financial transactions. And there are moves afoot to make ratings agencies more independent.