Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

 
PPI: EU proposes crackdown on short-selling

The European Commission has unveiled plans to restrict short-selling and tighten controls on the derivatives market.

In what would be one of the most comprehensive reforms of the financial industry since the economic crisis, the body aims to create a new watchdog which would monitor and control both practices.

Short-selling is where investors sell a consumer's asset in the hope of buying it back at a cheaper price and achieving a hefty profit.

The derivatives market is comprised of products which are used to make bets on assets without buying them, and were once described by billionaire Warren Buffett as "financial weapons of mass destruction."

Under the new regulations, which are set to be introduced in 2012, the new watchdog could issue three-month bans for those who breach short-selling practices, while calling for greater transparency in the derivatives sector.

Michel Barnier, the commissioner leading the proposals, claimed no financial market can afford to remain a "Wild West territory".

"In distressed markets, short-selling can amplify falls, leading to disorderly markets and systemic risks. Today's proposal will increase transparency for regulators and markets," he said.

Posted by John Fieldman

Having worked in the city for 19 years, John's main focus is interest rates and corporate finance ADNFCR-2776-ID-800066847-ADNFCR



Bookmark and Share
Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Town
County
Post Code 
Email 
Circumstances
Claim Back Mis-Sold PPI Button

Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website www.gov.uk/moj/cmr number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit B11, Kestrel Court, Harbour Road, Portishead, Bristol, BS20 7AN and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023.

Please note that calls may be monitored for the purposes of staff training.

* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.

By using our web-site, you agree that we can place the types of cookies described in our privacy policy on your device.Hide