EC looks to tackle unilateral approach to short selling
A new pan-European disclosure regime for short selling, unveiled by the European Commission (EC) yesterday, should reduce the scope for unilateral and unco-ordinated action by individual regulators, say dealers.
Alongside the disclosure rules, the new regulations give regulators the power to restrict or ban short selling in any instrument, but this will be subject to co-ordination by the European Securities and Markets Authority (Esma) - a new European regulator that will be set up at the start
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