US Treasury targets IPO haemorrhage
Regulation strength, not weakness, says Paulson
Washington D.C. - The US Treasury has unveiled its action plan for increasing the competitiveness of US capital markets, in the hopes of retaining the nation’s pre-eminence in global finance.
In a widely expected move, Treasury secretary Hank Paulson rejected the notion that cumbersome regulation such as Sarbanes-Oxley (Sox) is to blame for the erosion in initial public offerings (IPO) on US
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