EU lawmaker calls for emergency powers to calm markets
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LONDON (Reuters) - The European Union's markets watchdog should use its emergency powers to steady markets as the coronavirus epidemic sends investors fleeing, an EU lawmaker said on Wednesday.Markus Ferber, a senior member of the European Parliament, called on the European Securities and Markets Authority to introduce a pan-EU ban on short-selling."ESMA’s mandate is to safeguard market stability and integrity," Ferber said in a letter to ESMA's chair Steven Maijoor."Hence, ESMA would be..