The FSA is to convene a roundtable discussion in September on the perceived problems short selling ...
The FSA is to convene a roundtable discussion in September on the perceived problems short selling is causing in the markets. Howard Davies, chairman of the FSA, said the regulator sees short selling as a useful underpinning of market liquidity, but sees a case for greater disclosure relating to short positions and will bring forward proposals in the autumn. He said: 'The sharpest critics of this practice argue that it facilitates 'bear raids' on stocks and thus contributes to downward pressures on equity prices, exaggerating market declines, or falls in particular stocks. Some would...
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