Investors need to do their jobs properly to ensure the stability of the financial markets rather than acting in their own interests, it has been claimed.
According to Hermes equity Ownership Services, if there was more responsibility among investors the credit crunch in the UK may not have happened to the extent in which it did.
This follows the news that the Financial Services Authority (FSA) is to lift the ban on the short selling of shares.
Colin Melvin, chief executive officer of Hermes Equity Ownership Services, welcomed the news, saying that "Banks need to be boring. They perform a useful function which is to lend, assure and to allocate capital effectively".
He claims that short selling provides key market benefits.
When it announced that it was to lift the ban, the FSA stated that it would not rule out reintroducing it if it was deemed necessary.
Visit our loan quote form for a no obligation homeowner loan quote! |
0 comments
