May 28, 2010 / 1:11 PM / in 9 years

Germany to permanently ban some short selling: Bafin

BERLIN (Reuters) - Germany plans to permanently ban naked short-selling of certain euro zone securities, the head of the German financial market watchdog BaFin said on Friday.

“BaFin last week temporarily imposed a ban on naked short selling of debt securities of euro zone countries and uncovered CDSs (credit default swaps) on government bonds of euro zone countries,” BaFin’s Jochen Sanio said, adding that BaFin had also banned short selling of certain shares.

“The German government is planning to introduce these bans on a permanent basis,” he told reporters in Berlin. (Reporting by Dave Graham, Writing by Sarah Marsh and Erik Kirschbaum)

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