Core business for core financial institutions
Core financial institutions should not be allowed to undertake excessively risky positions such as naked short-selling, says a draft report from a UN commission.
The report, produced by the Commission of Experts on Reforms of the International Monetary and Financial System, notes that and governments should consider broadening such restrictions to all participants in financial markets. The report notes that many non-bank operations in the securities market contributed to the current crisis and
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