Summary
THE Financial Services Authority waded into the debate over the ownership of the London Stock Exchange by pointing out that a foreign takeover could involve considerable risks.
In an unprecedented comment on a merger situation, FSA chairman Callum McCarthy warned that the purchase of London's share exchange by companies such as Germany's Deutsche Borse and Dutch-based Euronext could have a detrimental effect on corporate governance. It could also make it trickier for regulators to police corporate activity.See the full content of this document
Extract
Exchange:Fsa Wades In
The City watchdog said: 'We don't ...
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