Ireland's central bank lifts ban on short selling
02 January 2012 Dublin
Image: Shutterstock
The Central Bank of Ireland has announced the end of the ban on short selling of certain financial instruments, which has been in place since September 2008.
The decision follows the completion of Bank of Ireland’s recapitalisation this year, the bank's spokeswoman Nichola Faulkner told Bloomberg BusinessWeek.
Bank of Ireland is 15 percent state owned while Ireland’s other two remaining listed lenders, Allied Irish and Irish Life, are both more than 99 percent state owned and thus listed on the junior market, BW adds.
The decision follows the completion of Bank of Ireland’s recapitalisation this year, the bank's spokeswoman Nichola Faulkner told Bloomberg BusinessWeek.
Bank of Ireland is 15 percent state owned while Ireland’s other two remaining listed lenders, Allied Irish and Irish Life, are both more than 99 percent state owned and thus listed on the junior market, BW adds.
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