M

Member

Speaking in the House of Lords on 17 December 2024

Debate

Financial Services and Markets Act 2000 (Designated Activities) (Supervision and Enforcement) Regulations 2024

Contribution

The other one was to do with how much transparency there should be over short selling provisions. We went round and round this argument at the time, and everybody was very cross about all the short selling that had been done against Greece and during the financial crisis. They wanted to know who the culprits were but, generally speaking, the aggregated numbers are what really matters. If you have too much transparency, you can expose the strategies of other financial organisations, so I agree that going back to where we used to be is correct in that sense.

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