On Wednesday 12 July, the European Securities and Markets Authority (ESMA) published a favourable opinion on renewing the short selling prohibition on securities of the Spanish bank Liberbank, for a period of two months.
The renewed measure, which will apply from 12 July to 12 September 2017, aims to reduce the risk of a loss of confidence in the Spanish banking system, by prohibiting the shorts elling of Liberbank securities – a practice considered risky, that consists of borrowing a...