--Rob McGlinchey
Corporates could be impacted by rules being considered in Europe that would restrict short selling across all financial instruments, according to Rolls-Royce.
In a letter to the European Commission, the company said the rules could impact corporates if an eligible long position in relation to asset classes separate from equity, such as credit, is not redefined. In the credit default swaps market, for example, the company says the definition of short selling is too narrow, especially when applied to long exposures when parties are ....