Cross-Border Exchanges Create Regulatory Hurdles

Law360, New York (May 26, 2006, 12:00 AM EDT) -- With both the New York Stock Exchange and the Nasdaq making bids for European markets, the introduction of cross-border exchanges is likely to prompt a slew of new regulatory issues.

Earlier this month, the Nasdaq increased its investment in the London Stock Exchange by 5.2 million shares, giving it a 25% stake in the exchange.

The NYSE has also set its sights on foreign acquisition, proposing a merger with Euronext Group.

If the deal goes through, regulators on both sides of the Atlantic would be charged...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.