FSA closer to short-selling action after Cable call

A spokesperson for the financial regulator says it has already moved to ensure investors disclose their short positions and admits abandoning short-selling on banks altogether is a possibility. The Shadow Chancellor of the Liberal Democrats today called for the FSA to step in to stop the short-selling of bank shares following the collapse in value of HBOS stocks in the last 24 hours. Speaking at his party’s conference in Bournemouth today, Cable says that, in the case of HBOS, hedge funds have an advantage over the taxpayer because they know the Government would step in to help a leading ...