« SEC Charges 13 with Aiding and Abetting Financial Fraud | Main | Oral Argument Set For Tellabs »
January 22, 2007
Bloomberg-Schumer Report on Financial Markets' Competitiveness
NYC Mayor Michael Bloomberg and NY Senator Charles Schumer issued a report that warns that "if we do nothing, within ten years while we will remain a leading regional financial center, we will no longer be the financial capital of the world." It finds, among other things, that: the U.S. regulatory framework is a "thicket of complicated rules, rather than a streamlined set of commonly understood principles." It calls for re-examination of SOX implementation, legal reforms to reduce meritless litigation, and easing immigration restrictions.
January 22, 2007 in State Securities Law | Permalink
TrackBack
TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8341bfae553ef00d83572305469e2
Listed below are links to weblogs that reference Bloomberg-Schumer Report on Financial Markets' Competitiveness:
