Cesr chairman prefers disclosure for shorting

Author: | Published: 1 Jun 2009
Copycats need to walk carefully

Short sellers should privately disclose positions as low as 0.1%. And local regulators should aggregate the information and publicly disclose at slightly higher levels according to Eddy Wymeersch, chairman of the Committee of European Securities Regulators (Cesr).

Wymeersch was at the IBA’s International Financial Law Conference in Rome last week when he made his comments.

“The politicians tell us we should do something, but it is hard to find what is negative in short selling,” he said. “Most agree that naked short selling is wrong though.