Desperate times call for radical measures, says Investor Relations Society

The Investor Relations Society (IR Society) welcomed the Financial Services Authority’s (FSA) ban on short selling of financial stocks.

Chairman of the IR Society Peregrine Riviere said: ‘Desperate times call for radical measures. Short selling is a legitimate strategy and provides important liquidity to markets, but it cannot be used in conjunction with speculation to undermine counterparty confidence and bring down financial institutions, putting financial stability, jobs and welfare at risk for thousands of people. We applaud the FSA's bold move.’