Germany softens a bill that would ban naked short-selling

06/28/2010 | Wall Street Journal, The · Bloomberg Businessweek

Germany's parliamentary finance committee eased up on legislation that would prohibit naked short-selling of most euro-currency derivatives and stocks. BaFin, the country's banking regulator, would be authorized to ban such transactions for as long as 12 months, but before the ban could be extended, the lower house would need to be consulted. Separately, Germany is aiming to tax financial institutions based on their balance sheets.

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Wall Street Journal, The · Bloomberg Businessweek

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