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U.S. capital market regulation: a view from "Red Ken"



From a report in London's Evening Standard Dec. 12 on the controversy over NASDAQ's interest in buying the London Stock Exchange:

Critics such as Mayor Ken Livingstone warn that the takeover could have very serious implications for London's position as the world's pre-eminent international finance centre.

In a letter to the Office of Fair Trading, Mr Livingstone says the proposed takeover risks the traditionally free-wheeling City being throttled by US-style regulation [emphasis added] and warns that investment in the Stock Exchange could be curtailed.

Note to the New Yorker, Fortune, and other press organs who claim Mayor Bloomberg and Sen. Schumer are being excessively alarmist about capital market flight: when even the Castro-f�ting "Red Ken" says we're overregulating in this country, maybe we're really overregulating.

 

 


Rafael Mangual
Project Manager,
Legal Policy
rmangual@manhattan-institute.org

Katherine Lazarski
Manhattan Institute
klazarski@manhattan-institute.org

 

Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.