EU unveils short-selling probe
From Efinancialnews.com: The European Commission has launched a consultation on short-selling, the final step before the body makes legislative proposals in September. This comes against a backdrop of fragmented approaches to short selling by member states.
In a consultation paper sent out today, the Commission, led by Michel Barnier, is seeking to consult market participants, regulators and other stakeholders on possible provisions for legislation. It intends to focus the consultation on five key areas: scope, transparency, uncovered short sales, exemptions and emergency powers of competent authorities… full article:
EU mulls short selling ban powers for market supervisors
From Reuters.com: Market supervisors in the European Union could be given powers to temporarily ban naked short selling of credit default swaps and shares in times of extreme volatility, the bloc's executive body said on Monday. EU Internal Market Commissioner, Michel Barnier, has said he will present a legislative proposal to regulate short selling. … full article:
French regulator AMF wants to ‘be more feared’
From Efinancialnews.com: The French financial markets regulator, the Autorité des marchés financi......................
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