March 18, 2020 / 10:23 AM / 4 months ago

EU lawmaker asks watchdog to consider European short-selling ban

LONDON, March 18 (Reuters) - The European Union's markets watchdog should assess whether short-selling of shares is significant enough to warrant a pan-EU ban, a senior member of the European Parliament said on Wednesday.

Markus Ferber, a German centre-right member of the parliament, said recent heavy sell-offs in shares have raised questions about implications for financial stability and that a pan-EU short-selling ban may be needed.

"Such a ban should be introduced on a European level and in a coordinated way in order to avoid market fragmentation and regulatory arbitrage," Ferber said in a letter to the European Securities and Markets Authority.

Reporting by Huw Jones, Editing by Lawrence White

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