Rolet celebrates rules rethink

first_img Tags: NULL Rolet celebrates rules rethink KCS-content whatsapp LONDON stock exchange (LSE) chief executive Xavier Rolet yesterday applauded the government’s decision not to split the regulation of the UK’s primary and secondary markets in its shake-up of the financial regulatory system.Speaking at the LSE’s interim results presentation yesterday, Xavier Rolet said: “We very much welcome the government’s announcement that the regulation of the UK’s primary markets will be located within the Consumer Protection and Markets Authority, which will hold the seat in Brussels. This is very good news for the UK, for the corporate sector looking to raise capital, in particular SMEs, and for financial markets”The stock exchange chief has for weeks been waging a campaign (which began in CityA.M.) against earlier coalition proposals that would have split up the listing regulation and might have weakened the UK’s position in Brussels. In changing its mind, the government said the City made a strong case in arguing that the Listing Authorities should not be split. Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Share Show Comments ▼ whatsapp Thursday 18 November 2010 8:34 pmlast_img read more