Calling Foreign Firms to Account ; City Comment

Evening Standard - London › April 14, 2008

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Summary

THIS time last year, London was up in arms at comments made by Roel Campos, then a commissioner of America's Securities and Exchange Commission, who appeared to be comparing the Alternative Investment Market (AIM) to a casino on the basis that there appeared to be no barriers or standards set for companies seeking to list on it.

He subsequently retreated under fire, but his comments proved to be a lightning rod for those in London who felt that in the battle to attract foreign companies to list here there was a danger standards might slip.

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Extract

Calling Foreign Firms to Account ; City Comment

Accordingly, the Financial Services Authority launched a consultation and review in January to address concerns around the lack of clarity as to what the different listing segments represent. I...

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