FCA says no to UK shorting ban despite European crackdown

Aidan Gregory

March 24, 2020 11:00 am

FCA_shorts_PA-575_375 — (200319) -- NEW YORK, March 19, 2020 (Xinhua) -- An electronic screen shows trading information on the floor of the New York Stock Exchange in New York, the United States, March 18, 2020. U.S. equities ended Wednesday's volatile session sharply lower as panic selling continued on Wall Street amid coronavirus fears. The Dow Jones Industrial Average decreased 1,338.46 points, or 6.30 percent, to 19,898.92, marking its first close below 20,000 since February 2017. The 30-stock index cratered more than 2,300 points at session lows. (Photo by Michael Nagle/Xinhua) | unreguser/Xinhua News Agency/PA Images

The Financial Conduct Authority, the City regulator, has said it will not introduce a short selling ban, since there was no proof that short selling was responsible for the recent market falls.

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Topics

Regulation Coronavirus Health and Biotech Equity UK Europe EMEA SRI Equity People and Markets People and Markets Equity-Linked

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Aidan Gregory