Europe cracks down on short-selling, rumours

Updated: 2011-08-12 10:27

(Agencies)

  Comments() Print Mail Large Medium  Small 分享按鈕 0

Europe cracks down on short-selling, rumours
A man walks past a display board of a currency exchange office in Bucharest August 11, 2011. [Photo/Agencies]

PARIS - France, Italy, Spain and Belgium will ban the short-selling of stocks from Friday, European market regulator ESMA said on Thursday.

The European Securities and Markets Authority also said it will crack down on market participants who spread rumours and false or misleading news.

The regulator said the EU's Market Abuse Directive prohibits the dissemination of information which gives misleading signals about financial instruments and that European authorities will take a firm stance against any abuse.

"ESMA will support national authorities to act swiftly against any such behaviour which is clearly punishable," ESMA said.

It added that while short-selling can be a valid trading strategy, it is clearly abusive when used in combination with spreading false market rumours.

The announcement comes after European bank shares have been battered this week, in a sell-off partly sparked by a series of rumours about the solidity of banks and the credit rating of sovereign debt.

French market regulator AMF said it would ban short-selling of financial shares for a 15-day period effective immediately.

The shares include major banks BNP Paribas, Societe Generale, Credit Agricole and Natixis, and leading insurer AXA.

Other shares affected by the ban are those of April Group, CIC, CNP Assurances, Euler Hermes, Paris Re and Scor.

Belgium and Spain also announced bans short-selling.

ESMA said the four countries that have decided to impose or extend existing short-selling bans and have done so to achieve a regulatory level playing field, given the close inter-linkage between some EU markets.

"These measures have been aligned as far as possible in the absence of a common EU legal framework in the area of short-selling and given the very different national legal bases on which such measures can be taken," ESMA said.

Hot Topics

The European Central Bank (ECB) held a conference call late on Sunday ahead of the market opening, pledging the ECB will step in to buy eurozone bonds with efforts to forestall the euro zone's debt crisis from spreading.

主站蜘蛛池模板: 国内精品影院久久久久| 92国产精品午夜福利免费| 99久re热视频这里只有精品6| 李老汉的性生生活2| 国产精品爽爽ⅴa在线观看| 久久精品一区二区三区中文字幕| 欧美成人高清WW| 四虎最新免费观看网址| 高清国产一级精品毛片基地| 女人张开腿让男人捅| 亚州日本乱码一区二区三区| 欧美精品免费观看二区| 人体大胆做受大胆视频一| 精品小视频在线观看| 国产91久久久久久久免费| 青草青草久热精品视频在线观看| 国产精品12页| mm1313亚洲精品国产| 成人艳情一二三区| 久久久久亚洲精品无码网址色欲| 暖暖在线视频日本| 亚洲美女视频网址| 视频一区二区三区在线观看 | 人妻少妇看a偷人无码精品| 精品国产成a人在线观看| 国99精品无码一区二区三区| 被公连续侵犯中文字幕| 国产精品青青青高清在线观看| 丰满岳乱妇在线观看中字无码| 日韩国产成人精品视频| 九九在线精品视频| 校园激情综合网| 亚洲xxxxx| 波多野结衣不打码视频| 伊人久久综合精品无码AV专区| 福利在线一区二区| 日本不卡一区二区三区最新| 亚洲日韩国产二区无码| 永久免费视频v片www| 亚洲精品动漫免费二区| 污污视频免费看|