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From Kirsten Bischoff, Opalesque New York: The ripple effect of the initial US and UK bans on short selling of financial stocks rippled through markets around the globe this weekend:

• Taiwan’s financial regulator placed a ban on the short-selling of 150 stocks for 2 weeks starting September 22 (Source)
• Dutch Finance Minister announced he has banned “naked” short selling of stock in financial institutions for the next three months to increase the stability of financial markets (Source)
• Australian Securities and Investments Commission expanded a curb announced last week outlawing “naked” short sales and now includes a ban on the more traditional form of “covered” short selling of all traded stocks (Source)

US reactions While the industry reacted positively to the US government’s actions to stem the panic which raced through the markets during the week, the ban on short selling of financial stocks has raised serious concerns. A review of the statements issued by various financial associations and companies has revealed that the SEC’s attempts to curb market manipulation were widely applauded. How......................

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