The Swiss Federal Banking Commission also informs market participants that spreading misleading rumours and incorrect information is abusive and will in no way be tolerated. ... The SFBC reminds all market participants to rigorously comply with the supervisory regulation in particular with the Code of Conduct for Securities Markets.
Cedar hedge fund backs ban as temporary `circuit breaker`
From Bloomberg.com: Cedar Partners Investment Management Ltd. is one of the hedge funds supporting the ban on short selling -- as long as it's a temporary ``circuit breaker'' -- after this week's bankruptcy of Lehman Brothers Holdings Inc.
``Extraordinary times call for extraordinary measures,'' said Philippe Bonnefoy, chairman of Geneva-based Cedar Partners, in an interview today. ``The markets were completely disorderly. This will take away the counterparty risk drama that we had.''..
Opalesque note: The FSA has published a list of certain companies to which the prohibition applies called ‘FSA amended list, as at 19 September 2008, of UK incorporated banks and insurers in connection with SHORT SELLING (NO 2) INSTRUMENT 2008’
UK FSA seeks Bradford & Bingley `white knights`
From FTAlphaville: The UK’s financial regulator is thought to have sounded out potential “white knights” for Bradford & Bingley as part of its contingency planning in the event that Britain’s biggest buy-to-let lender is buffeted by further market turmoil. The UK’s FSA watchdog body is thought to have dusted off back-up plans on B&B after Lloyds TSB, the UK’s fourth largest ba......................
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Swiss Federal Banking Commission...
- Asset Manager Corazon Capital sets up an office in Geneva...
- Capital adequacy....
- Review of Hedge Fund Launches..
- Bans on short selling ripple through the global markets...
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