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Swedish watchdog says not considering shorting ban

STOCKHOLM, Sept (Reuters) - Sweden’s financial services watchdog said on Friday it had not considered imposing a ban on short-selling stocks to prevent volatility in markets despite such moves by some other regulatory bodies around the world.

“We have not in any way considered this,” said Lars Malmstrom, spokesman at the Financial Services Authority (FSA) told Reuters.

“The situation isn’t the same as in England or the United States.”

On Thursday, Britain’s Financial Services Authority imposed a temporary ban on short-selling of financial stocks and a source said that the Securities and Exchange Commission in the United States was weighing a similar measure.

Malmstrom said the FSA had looked at actions taken in the United States and Britain from a technical perspective, adding that a change to the law in Sweden might be necessary for any possible ban on short selling.

“It is not altogether clear that we as an authority have the ability to do this,” he said.

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