"Hello David, Regarding shorting European banks, the following 2 ETFS may be of interest, no leverage and very poor volume, so not for everyone.

Ticker: XS7S GY
DB X-Trackers DJ STOXX 600 BANKS SHORT DAILY ETF is a UCITS III compliant exchange-traded investment fund registered in Luxembourg. The objective of the Fund is to track the inverse performance of the DJ STOXX 600 Banks Index.

Ticker: BNKX FP
Lyxor ETF STOXX Europe 600 Banks Daily Short is an exchange-traded fund incorporated in France. The Fund seeks to track the performance of the STOXX Europe 600 Banks Daily Short Index."

David Fuller's view Thanks for this information. The DB X-Trackers DJ STOXX 600 BANKS SHORT DAILY ETF is in the Library and I note that market cap is €271m. While the second one is not yet in the Library, I notice that we do have the Lyxor ETF STOXX Europe 600 Banks tracker (LYXBNK GR), which if it is possible to short, is a little more liquid with a market cap of €424m.