FSA consults on blanket shorting disclosure

The regulator contacted a number of stockbrokers and investors today to find out the cost implications of such an extension. This is despite saying yesterday the case had not been made to expand the measures beyond the financial services sector. On Monday, the FSA announced it will lift a temporary ban on shorting financial stocks, introduced after the collapse of Lehman Brothers caused a crash in the value of financial company shares. However, investors and brokers will still need to disclose any significant short positions in financial shares to the regulator until at least 30 June....