UK wins legal backing on EU’s short-selling ban

Britain won backing to curb the power of the European Union market watchdog on 12 September 2013 to ban short-selling in a boost to a campaign against the concentration of financial regulation in Brussels at the expense of the City of London.

ESO: Background information: Press Release: Short selling: Commission adopts delegated act detailing rules on the ban on uncovered sovereign credit default swaps and short sales of shares and sovereign debt http://www.europeansources.info/record/press-release-short-selling-commission-adopts-delegated-act-detailing-rules-on-the-ban-on-uncovered-sovereign-credit-default-swaps-and-short-sales-of-shares-and-sovereign-debt/

---