Chapter 22. Sourcing Securities for Short Sales
The Proper Legal Characterization of Securities Loans
Paul U. Ali
22.1 Introduction 330
22.6 Conclusion 335
The regulatory constraints on short selling that were imposed in the aftermath of the global financial crisis have largely been concerned with the perceived negative impact of short selling on share prices, particularly the prices of shares in financial institutions. These constraints have been accompanied by greater regulatory scrutiny of securities lending, the chief means by which shares ...