Australia’s securities regulator lifted its eight-month ban on covered short selling of financial stocks on Monday, bringing the country in line with other markets that had already lifted their temporary bans on the practice. However, ASIC, the market regulator that lifted the ban citing a stabilisation of market conditions, warned it would “immediately” reimpose the ban if it believed that market conditions warranted such a move.

This entry was posted by Gwen Robinson on Monday, May 25th, 2009 at 4:00 and is filed under Capital markets. Tagged with Asic. Edit this entry.