FCA halts short selling in Banca Popolare Emilia Romagna
Reuters
Published Aug 08, 2014 07:32
FCA halts short selling in Banca Popolare Emilia Romagna
LONDON (Reuters) - UK regulator the Financial Conduct Authority said on Friday it had temporarily stopped investors betting on a share price fall in Banca Popolare Emilia Romagna (BPER) (MI:EMII).
The ban follows heavy falls in BPER and other mid-size Italian lenders on Thursday, amid concerns about their asset quality, which had led to the Italian regulator suspending BPER's shares.
The FCA said the ban would last throughout Aug. 8 and cover all UK trading venues on which the shares are traded.
(Reporting by Simon Jessop; editing by Yousra Elbagir)
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Written By: Reuters
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