On May 15th, Manuel P. Asensio, founder of asensio.com, was interviewed on Canada’s Business News Network regarding Timminco Limited. To view the interview, click here.
The interview concerned securities regulation and Timminco. In the interview Mr. Asensio advocates against regulatory restrictions on short-selling, and suggests that attempts to make regulatory changes focused only on systemic risk are ill-conceived. Mr. Asensio stated, “If a bank is too big to fail, it shouldn’t exist.” Effective regulation, Mr. Asensio suggests, can only be focused on the conduct of individuals, on those engaged in pricing and distributing securities.