FSA defends decision to lift short selling ban

Professional Pensions
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The Financial Services Authority has defended its decision to lift the ban on the short selling of financial stocks - dismissing concerns this had caused dramatic falls in financial stocks' prices over the last week.

FSA's chairman Hector Sants replied to a letter by Treasury select committee chairman John McFall (PP Online, January 22) - and confirmed, since the ban on short selling expired, the FSA had been a...

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