Integration of the world's capital markets
21 Dec 2007
Earlier this week, US SEC Chairman Christopher Cox delivered the keynote address at the Columbia Law and Business Schools' Cross Border Securities Market Mergers Conference.
There will probably never be a global securities regulator, and we probably wouldn't want one. But strong national regulators working closely together is an exceptionally positive development. It will require relationship building, and a willingness as national regulators to take a different look at common issues and to be open to considering the approaches of others. All of us have got to recognize that there is not just one way to effectively regulate markets. So long as our commitment to protecting investors and maintaining the integrity of markets remains strong, then new regulatory partnerships will undoubtedly continue to flourish, to the everlasting benefit of investors all around the world. |