Associations respond to European Commission 10 August 2010Brussels Reporter: Ben Wilkie
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The International Swaps and Derivatives Association (ISDA), The Association for Financial Markets in Europe (AFME), and the International Securities Lending Association have published a note on short selling in response to the European Commission's consultation.
The organisations believe, along with much of the securities lending industry that short selling is a legitimate market practice and when used appropriately fulfils many of the needs of the market. Any abuse in the market is down to short selling being inappropriately used.
The trio also called for any new regulation to be applied across Europe as a whole, instead of being left to individual territories to create their own legislation.
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