Lateral Thinking: The SEC's Suggested Mutual Recognition Regime Will Make The US More Competitive By Opening It Up. International Financial Law Review. August 2007.
By MICHAEL ZUPPONE
Years after the adoption and implementation of the Sarbanes- Oxley Act, the competitiveness of US capital markets in the face of increasing globalization has become a national political issue. But rather than wring its hands over how to make the US market the best in the world, the Securities and Exchange Commission has come up with a lateral solution. By opening up to the rest of the world, it will make the US a more important, if not critical, place to operate. And it will enable it to lead the worldwide debate on regulatory standards.