The Securities and Exchange Commission (SEC), the main regulator of the American markets, decided in the 1990s that a foreign stock exchange wishing to provide access to its market from the US (via computers installed on American soil) had to comply with the rules laid down by the SEC. Such a demand presupposed that all [...]
Archive of posts filed under the finance capital category.
Finance capital of the world, part 2
The UK is the premier international insurance market. Asset management is likewise characterized by the presence of foreign portfolios; a quarter of the administered funds are the property of European or overseas customers or institutions. The June 2000 ranking of the financial consultancy firm Thomson Financial Investor Relations showed that with $2,500 billion of assets [...]
Finance capital of the world, part 1
London and New York have long been contenders for the title of the world’s financial capital. In reality this prestigious title does not exist; worldwide finance is not united. While New York deals with more mergers and acquisitions, London is one of the leading centers for international stock transactions. It also remains in first place [...]