As of November 1, the European Securities and Markets Authority (ESMA) will enforce a ban on naked short-selling of shares and sovereign debt, alongside stricter rules on transparency.
While most incoming regulation is subject to lengthy debate and editing before implementation, this particular mandate has been relatively swift. ESMA's initial consultation on the subject surfaced on January 24 of this year, leaving just a little over nine months for firms to respond.
"I think if I could have cha
Bloomberg's Gerard Francis comes on the podcast to talk about how data fragmentation issues are becoming more challenging.Subscribe to Weekly Wrap emails