Tuesday, April 28, 2009

Another Way To Axe Short Sellers

This take from courtesy of Dealbreaker about the news that a top European Union market regulator mulls new curb on short selling [Reuters]: Instead of banning short-selling outright, why not squeeze settlement times so tightly as to make it de facto impossible? Eddy Wymeersch, (in picture)chairman of the Committee of European Securities Regulators pointed out that moving settlement from the rough European (and just about everywhere else) standard of T+3 to T+0 "would largely enable us to eliminate short selling."

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