On May 30, the Mercado Integrado Latinoamericano (MILA) an integrated stock exchange of three Latin American countries (Chile, Colombia and Peru), will be launched. It is a development that the TMX Group, which announced a merger in February with the London Stock Exchange (LSE), and its regulators should heed, in that it shows how to create real value for companies and investors when merging exchanges.
ontario securities commission
August 21, 2002
2:00AM
Howard Davies, the chairman of the U.K. Financial Services Authority, once said in a speech, Unless you have a clear idea of why you regulate, then you run serious risks of being deflected into unprofitable and unjustifiable areas. Unfortunately, the OSC is ignoring this philosophy, and is taking a regulation everywhere approach to Canadian capital markets.
May 30, 2002
2:00AM
One has to wonder how serious the Crawford Committee is about this recommendation. Its report contains no cost-benefit analysis on the numerous recommendations in their report which, if implemented, would lead to a new explosion in regulatory and compliance costs.