Italy's short selling ban to expire - Bloomberg
23 February 2012 London
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Italy will not be extending a short selling ban due to expire tomorrow said the chairman of Consob speaking to press at the London Stock Exchange, reports Bloomberg.
“We will let it expire quietly,” said Giuseppe Vegas as reported by Bloomberg. “We have no plans to extend it.”
This does not come as a surprise to the market since it follows other European countries which allowed short selling bans to expire this month. Greece's short selling ban is in place until July this year.
Whether or not this moves countries like Korea to also reconsider policies to ban short selling adopted in August when markets plunged is in question, though some observers have said that there is likely to be a shift in attitude after presidential elections scheduled for the end of this year.
“We will let it expire quietly,” said Giuseppe Vegas as reported by Bloomberg. “We have no plans to extend it.”
This does not come as a surprise to the market since it follows other European countries which allowed short selling bans to expire this month. Greece's short selling ban is in place until July this year.
Whether or not this moves countries like Korea to also reconsider policies to ban short selling adopted in August when markets plunged is in question, though some observers have said that there is likely to be a shift in attitude after presidential elections scheduled for the end of this year.
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