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ISLA Supplement Profiles: Poland
23 July 2010
The Warsaw Stock Exchange’s decision to make short selling available as of July 1 has thrown the securities lending market in Poland into the public spotlight.
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The Warsaw Stock Exchange’s decision to make short selling available as of July 1 has thrown the securities lending market in Poland into the public spotlight.All shares participating in the WIG20 index, the most liquid shares outside the blue-chip index, and Treasury bonds, will be eligible for short selling which means international players are again looking at this up-and-coming Eastern European market.At the moment in Poland there is about $2.6bn worth of lendable assets and about $280m on loan.The country has been criticised in the past as having a regulatory system that could be seen as being conservative and opaque when it comes to securities lending but bear in mind it is still a relatively new market for the regulator and it is one that even the established markets of the world still have problems coming to terms with.And the changes in rules in short selling is only one of...
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