(This article appears courtesy of International Financial Law Review, sign up for a free trial on their site)
Wymeersch was at the IBA’s International Financial Law Conference in Rome last week when he made his comments.
“The politicians tell us we should do something, but it is hard to find what is negative in short selling,” he said. “Most agree that naked short selling is wrong though.
“A disclosure regime would help: somewhere between 0.1% and 0.5%. It should be fixed at a national level as short selling is different in different countries.
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