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Sarbanes-Oxley means ‘huge leak’ for US capital markets

Sarbanes-Oxley means ‘huge leak’ for US capital markets

by Rick Turoczy on July 30, 2006

The US’s Sarbanes-Oxley law on corporate accounts has led to an “outsourcing of America’s 100-year lead in capital formation”, according to Tom Feeney, a Republican congressman who is urging changes to the law.

As foreign companies shun US stock exchanges in favour of their counterparts in London or Hong Kong, there is growing concern among bankers about whether the new law is driving capital offshore.

Sarbanes-Oxley means ‘huge leak’ for US capital markets

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