BusinessCompany NewsEd Balls wants to keep AIM’s light touch

Ed Balls wants to keep AIM's light touch

Ed Balls wants to keep the AIM market's light regulatory touch, despite pressure from foreign markets

Ed Balls has launched a strong defence of the lighter regulatory regime of
the
AIM
market, following pressure from foreign exchanges to increase its
regulation.

Balls, economic secretary to the
Treasury
, 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.

Further reading:

Aim targets nominated advisers

Advisers get ready for policy shift
as LSE tightens regulation

New regulations target AIM

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

3m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

7m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

7m Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

10m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

10m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

10m Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

10m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

10m Emma Smith, Managing Editor