Financial regulators acknowledged the increasing concern about the impact of
standards and London’s reputation on some listings.
The Financial Services Authority is to now
canvass opinions in the City about how to clarify regulations and to make clear
whether companies have chosen light-touch listing methods, which can offer
investors less protection.
The FSA said it was calling for debate on how to maintain a balance between
attracting new flotations and maintaining quality, the FT reported.
This comes a day after chief executive of the newly merged NYSE Euronext
exchange group, John Thain, criticised the
London Stock Exchange over corporate
governance and the inadequate protection offered to minority investors by some
The regulator’s decision to formalise the debate also follows pressure from
investor groups worried about the ability of companies with weak corporate
governance standards to raise capital on the LSE.
HMRC breaches client confidentiality; and partner profits fall at EY. These stories and more discussed in Friday Afternoon Live
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned