Germany's ban on naked short-selling in European sovereign debt, as well as shares in its 10 largest financial institutions, has sent shockwaves through global markets today. Here, M&G's Stefan Issacs explains why the action appears to be largely symbolic and politically driven.
At this stage the details are very limited but it appears that the German supervisory body BaFin has banned the "naked" short selling of eurozone sovereign bonds, their credit default swaps, and th...
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