ASIC lifts ban on shorting financials

Investors welcome easing of restrictions but say damage already done

asiarisk-090601-02-gif

The Australian Securities and Investments Commission (Asic) lifted its restrictions on covered short selling of financial securities on May 25, after an eight-month ban on the practice that stemmed from concerns over political systemic risk.

"The balance between market efficiency and political systemic concern has now moved in favour of the ban being lifted," Asic said in a statement, but it stressed it would not hesitate to reimpose the ban if it considers market conditions warrant such action

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here