In a growing number of cases, mounting losses and new financialdisclosurerules have forced companies into selling or securitizing the head office to raise funds for write-offs.
Britain's financial supervisory authority changed the rules concerning indirect cash-settled options stakes earlier this month, requiring disclosure on a par with direct stakes.
London's financial-services regulator has as yet failed to provide evidence to justify its decision to tighten the disclosurerules on short-selling of some bank shares.