Proceeding contribution from Ed Balls (Labour) in the House of Commons on Tuesday, 28 November 2006. It occurred during Debate on bill and Committee of the Whole House (HC) on Investment Exchanges and Clearing Houses Bill.

Investment Exchanges and Clearing Houses Bill

I just want to make it absolutely clear—I have made exactly the same point to the chief executives of the New York stock exchange and NASDAQ—that we have no problem at all with the NYSE or NASDAQ owning a UK exchange. We do not encourage or discourage it, but we have no problem with it at all. The issue is whether they would own an exchange where listings are regulated in London by the Financial Services Authority. I made it clear in my speech that we are neither overtly nor covertly trying to prevent there being an American owner of any exchange in London.

Secondary information

Type: Proceeding contribution
Reference: 453 c1007
Session: 2006-07
Chamber / Committee: House of Commons chamber
Subjects: Accountability Bureaucracy Jurisdiction Investment Financial Services Authority Financial markets Ownership Powers Standards Regulation Stocks and shares Rules of procedure Takeovers USA Trade competitiveness London Stock Exchange Recognised clearing houses Recognised investment exchanges
Legislation: Investment Exchanges and Clearing Houses Bill 2006-07
Link: View this Proceeding contribution on www.publications.parliament.uk

Investment Exchanges and Clearing Houses Bill

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