Regulating Short Selling in Europe After the Crisis

摘要: Short selling contributes to the efficient functioning of capital markets. While bullish investors tend hold long positions, bearish act on information by shorting stock, thereby fostering incorporation good and bad into stock prices. Yet short sellers are illviewed corporate officers, directors, financial market authorities. In midst 2008 global crisis, several authorities in European Union issued emergency orders crack down sellers, which resulted a fragmented approach created case for regulatory action at level. This Article reviews Regulation Parliament Council 14 March 2012 Selling Certain Aspects Credit Default Swaps. need shed light further supports action, there appears be some cause concern as “government hubris” might destructive. * LL.M., Harvard Law School; M.B.A. (Grande Ecole), ESSEC Business School (Paris, France); Advanced Master’s degree business law, Pantheon-Assas University France). SPRING Regulating Europe 62 “They say ‘there no atheists foxholes.’ Perhaps, then, also libertarians crises.” James Frankel 1