Alternative Investment Management Association
“We are pleased that the FSA is proposing not to renew the ban on short selling of specific financial stocks when it expires on January 16th. We naturally support efforts by policy makers and regulators to achieve stability in markets, particularly during emergency conditions, but we do not feel that this ban achieved its stated aims.
We hope that other regulators around the world will take note of the FSA’s decision and lift the remaining short selling bans. We would strongly welcome a common approach worldwide on this and support the attempts by the International Organization of Securities Commissions (IOSCO) to reach consensus on this.”
Chief Executive Officer