Darling welcomes short selling clampdown
LONDON (Reuters) - Chancellor Alistair Darling on Thursday welcomed the announcement by the Financial Services Authority watchdog that it would ban short-selling of stocks and shares from midnight.
"I have discussed this with the FSA and welcome their decisive action on short selling," Darling said in a statement.
"I believe it is the right things to do in the current market conditions and in the interests of financial stability," he added.
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