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Reaction to Sarbanes-Oxley: Darned SOX

Reaction to Sarbanes-Oxley: Darned SOX

by Rick Turoczy on September 15, 2006

Everyone knew exactly whom Britain’s Treasury had in mind this week when it appeared to lay down the line on the creeping influence of financial regulators from abroad. Ed Balls, a senior Treasury official, said on September 13th that Britain’s Financial Services Authority (FSA), the City’s top watchdog, would be granted new powers to protect the country’s light touch on regulation of exchanges. America was the bogeyman.

Reaction to Sarbanes-Oxley: Darned SOX

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