News
NYSE and Deutsche Borse have appealed directly to European Commission President Jose Barroso in an attempt to reassure the European Union that failing to agree to the proposed merger between the exchanges would place Europe at a competitive disadvatage, according to Bloomberg.The article quotes the exchanges as stating that preventing the merger will mean “the global consolidation of exchanges might very well shift the balance towards countries favoring light-touch regulation, which would severely endanger the European Commission’s agenda". The SEC has approved the deal but the signals seem to suggest that the EU requires a great deal more convincing of its merits.
Published: 19 January, 2012