Bafin lifts ban on short-selling
AFP · 1 Feb 2010, 15:04
Published: 01 Feb 2010 15:04 GMT+01:00
"The situation on the financial markets has improved so much in the past few months" that an extension of the short-selling ban, which expired on January 31, was not necessary, German stock market watchdog Bafin said in a statement.
In the mayhem that followed the collapse of US investment bank Lehman Brothers in September 2008, Bafin banned the short-selling of stock in 11 financial firms, including Deutsche Bank, Commerzbank and Allianz.
Short-selling was blamed at the time for putting additional pressure on the banks as they reeled from losses in the fallout from the US subprime home loan debacle.
Bans in other countries including Britain have also been lifted.