Financial Regulatory Forum

Italy’s Consob calls for intnl short-selling regulation

July 13, 2009

   MILAN, July 13 (Reuters) – Italian bourse regulator Consob is calling for international regulation for short-selling, its chairman, Lamberto Cardia, said on Monday.
   “Consob is aware of the need to define a stable and internationally-coordinated regulation for short-selling … with the aim of keeping market integrity without compromising liquidity and the efficiency of price formation mechanisms,” he said in a written speech for Consob’s annual meeting. ((Milan newsroom +39 02 6612 9507, fax +39 02 801 149, milan.newsroom@reuters.com))

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