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Austria extends short-selling ban to end-September

Wed Jun 24, 2009 4:35am EDT

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VIENNA, June 24 (Reuters) - Austria's financial market watchdog FMA has extended a ban on naked short-selling of shares in two major banks and two insurance firms.

The ban, which ran out on Tuesday, has been extended for three months until the end of September, the FMA said in a statement on Wednesday.

The FMA first banned naked short selling of shares in Erste Group Bank AG (ERST.VI), Raiffeisen International Bank Holding AG (RIBH.VI), and insurers Uniqa (UNIQ.VI) and Vienna Insurance Group (VIGR.VI) last year to help them cope with bear market pressures. (Reporting by Sylvia Westall; Editing by Dan Lalor)



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