What deep capital markets you have!!
A common lament among financial market analysts in the U.S. is that the onerous provisions of Sarbanes-Oxley (SOX) are costing American equity markets lost listing oppotunities, threatening a sector that’s vital to the United States. These people find unlikely allies in Nancy Pelosi and Barney Frank. I certainly support making SOX compliance easier for new ...
A common lament among financial market analysts in the U.S. is that the onerous provisions of Sarbanes-Oxley (SOX) are costing American equity markets lost listing oppotunities, threatening a sector that's vital to the United States. These people find unlikely allies in Nancy Pelosi and Barney Frank. I certainly support making SOX compliance easier for new start-ups, but it should be noted that I don't see the U.S. losing its primacy in equity markets anytime soon. For those doubters out there, click over to this Foreign Policy list of candidates to supplant the New York Stock Exchange.... in a century or two. The most important sentence in the piece is the first one: "The New York Stock Exchange dominates global trading. At nearly $23 trillion, its market capitalization?the value of the stocks it lists?is more than four times that of its closest competitor."
A common lament among financial market analysts in the U.S. is that the onerous provisions of Sarbanes-Oxley (SOX) are costing American equity markets lost listing oppotunities, threatening a sector that’s vital to the United States. These people find unlikely allies in Nancy Pelosi and Barney Frank. I certainly support making SOX compliance easier for new start-ups, but it should be noted that I don’t see the U.S. losing its primacy in equity markets anytime soon. For those doubters out there, click over to this Foreign Policy list of candidates to supplant the New York Stock Exchange…. in a century or two. The most important sentence in the piece is the first one: “The New York Stock Exchange dominates global trading. At nearly $23 trillion, its market capitalization?the value of the stocks it lists?is more than four times that of its closest competitor.”
Daniel W. Drezner is a professor of international politics at the Fletcher School of Law and Diplomacy at Tufts University and co-host of the Space the Nation podcast. Twitter: @dandrezner
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