Iosco recommends changes to short selling regulations
Iosco is consulting the industry on short selling in the areas of appropriate controls, reporting, compliance and enforcement systems, as well as possible exemptions.
Short selling has been blamed -- rightly or wrongly -- for how rapidly share prices of financial institutions, especially in the US, deteriorated post-Lehman Brothers' collapse. The knee-jerk reaction in markets such as the US, the UK and Australia was to ban short selling. In Asia, Taiwan and Korea followed suit. Markets such as Hong Kong, Japan, and Thailand didn't change the rules.
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