EU Commission finalizes restrictions on stock trading
Baku, August 13 (AZERTAC). According to information published by leakage, the EU will be prohibited transaction for the sale of uncoated stocks of financial institutions, including banks and insurance companies. This type of game for a fall, when making similar bets bidder does not own shares fall of which he is trying to call is extremely speculative. On Friday, a similar ban was temporarily put on the stock exchanges in France, Spain, Italy and Belgium. So, on the Paris stock exchange listed companies of the 30 main index to the exclusion for operations without coverage includes 11 primarily banks and insurance companies. These measures were a response to a sharp drop in government in recent days, stock prices of many financial institutions, the four euro area countries. Collapse of stocks was accompanied by an unprecedented campaign of rumors circulated on the Stock Exchange regarding the financial condition of both banks and the entire eurozone. Meanwhile, on Friday as it became known that Germany was in favor of tightening by the European Commission developed rules. Thus, Berlin seeks inclusion in the list of investment securities, which prohibited the operation without coverage, the government bonds of the euro area, as well as insurance policies on them (Credit default swaps, CDS). It is expected that in September the new rules of exchange trade in the EU will go for approval by the governments of EU member states.
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