ECONOMY

Bourse watchdog chief steps down

The head of Greece?s Capital Market Commission, Anastasios Gavriilidis, tendered his resignation on Monday, two years before the end of his tenure.

In a letter to Finance Minister Evangelos Venizelos, Gavriilidis said he was resigning from his position as president of the local stock market watchdog due to personal reasons.

Kathimerini understands that he has decided to return to the private sector, which he left in 2005 upon his appointment as vice president of the Capital Market Commission. He replaced Alexios Pilavios as the chair of the bourse regulator in June 2009.

His successor will be appointed after the return of Venizelos from his trip to the United States.

Gavriilidis?s final decision will be whether to continue or end the ban on short selling in the Greek stock market.