France's Market Regulator Extends Ban On Short-Selling
August 25 2011 - 11:58AM
Dow Jones News
France's market regulator Thursday extended a ban on net short
positions on 10 financial companies until Nov. 11 at the
latest.
Autorite des Marches Financiers said in a statement that it will
review the ban by late September, in coordination with other
regulators in Europe.
The regulator will lift the ban when "market conditions allow
it" and in a coordinated way.
The ban is enforced on the shares of banks BNP Paribas SA
(BNP.FR), CIC, Credit Agricole SA (ACA.FR), Natixis (KN.FR) and
Societe Generale SA (GLE.FR), as well as insurance companies April
SA (APR.FR), AXA SA (CS.FR), Euler Hermes SA (ELE.FR) and reinsurer
Scor SE (SCR.FR).
Market regulators in Spain, Italy and Belgium set up similar
bans on short-selling.
-By Inti Landauro, Dow Jones Newswires; +33 1 4017 1740;
inti.landauro@dowjones.com
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