
Tumpel-Gugerell: we need a European SEC
Europe's needs to get its house in order to be prepared for the global challenges related to the infrastructure for securities, said Gertrude Tumpel-Gugerell, a member of the executive board f the European Central Bank.
In cases of transatlantic mergers like that between the NYSE and Euronext, the risk of a potential regulatory spill-over of existing or future American legislation and regulations would be smaller with the existence of a European equivalent of the Securities and Exchange
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