Ed Balls has launched a strong defence of the lighter regulatory regime of
market, following pressure from foreign exchanges to increase its
Balls, economic secretary to the
, argued that more AIM regulation would be a mistake, and the market’s
success bore testament to that.
It is understood that Balls has been heavily lobbied from foreign exchanges
looking for a change in AIM’s format, reported the Daily Telegraph.
‘When others argue that it is the UK which is making the mistake by allowing
an excessive light tough in our regulation, or specifically criticise the
regulation of the AIM market, I also disagree,’ Balls told the
City of London
Corporation last night.
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