Looser rules unlikely to boost U.S. company listings -FTSE Russell CEO [Reuters]
Snap Inc. Class A (SNAP)
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Source: Reuters
Looser rules unlikely to boost U.S. company listings: FTSE Russell CEO | Reuters 3 Min Read WASHINGTON (Reuters) - U.S. policy proposals to cut red tape for public companies are unlikely to boost listings while borrowing rates continue to be low and could increase risks for investors, the chief executive of FTSE Russell, the world’s largest index firm, said on Tuesday. On Friday, the U.S. Treasury published a 232-page report proposing sweeping reforms to the country’s capital markets, as it looks to implement Republican President Donald Trump’s agenda to promote economic growth by slashing regulation. The report included measures to reduce the disclosure and compliance burden for listed companies and companies seeking listings in a bid to reverse a near 50 percent decline in the number of public companies in the United States over the past 20 years. Speaking on the sidelines of a conference in Washington, FTSE Russell CEO Mark Makepeace said the proposals were unlikely to prove effect
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