German short-sell ban snares long euro FX derivatives
BERLIN – The short-selling legislation proposed by the German finance ministry on May 25 will ban market participants entering into long euro positions using currency derivatives unless the trade acts as a hedge.
The legislation, distributed for comment to market participants last week, will enshrine into law a temporary short-selling ban announced by the German securities regulator, Bundesanstalt für Finanzdienstleistungsaufsicht (Bafin), plus a raft of expansions including the prohibition of
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