London office for US regulator?

Christopher Cox, the chairman of the Securities and Exchange Commission (SEC), the chief regulator in the US, said it would select either London or Brussels for its European office, part of its strategy of building a closer relationship with its foreign counterparts.

The SEC has recently talked with the UK's Financial Services Authority (FSA) and the Committee of European Securities Regulators (CESR) about the possibility of some sort of "mutual recognition" system to be adopted by leading wa

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