City could be hammered by new EU short selling rules, says MEP

first_img Share Show Comments ▼ whatsapp Tuesday 16 November 2010 8:28 pm whatsapp More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comcenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGem KCS-content City could be hammered by new EU short selling rules, says MEP THE EUROPEAN Commission’s plans to regulate short selling have the potential to wreck the City’s reputation as a global trading centre, a London MEP said yesterday. Conservative MEP Syed Kamall said that, while the Commission consulted with industry figures widely before drafting the rules, European politicians hoped to strengthen the new regulation to stifle the market, disproportionately hitting the Square Mile. France and Germany wrote a letter to the Commission over the summer urging it to ban short selling of shares and sovereign bonds. “Short selling is socially useful,” said Kamall. “It is vital that we do not over-regulate the EU market, as those that operate here will not just take their short positions out of the EU but their long positions as well.” Tags: NULLlast_img

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