EU financial watchdog holds call on bank shares

Reuters

LONDON (Reuters) - The European Union's financial market regulator is holding a teleconference for all 27 national regulators to discuss short-selling of bank shares, two sources familiar with the situation told Reuters on Thursday.

"A call is taking place," a regulatory source said, adding that it had been going on for more than an hour.

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Earlier ESMA, the European Union's financial market regulator, said it was monitoring bank share volatility closely and was in touch with national regulators.

The regulatory source had said earlier that a Europe-wide short-selling ban was not likely.

(Reporting by Alexander Smith and Paul Taylor; Editing by William Waterman)