NYSE-Euronext: More places to escape Sarbox?

One of the unintended consequences of Sarbanes-Oxley has been the unexpected rise of a truly global stock exchange company. The best example of this so far is the New York Stock Exchange. The new NYSE-Euronext combination has begun operation, and the NYSE brass doesn't shy from the fact that it wants to help companies that don't want to deal with Sarbox. It would like to provide even more escape venues. Most people assume that now that the U.S.-Europe link is up, the focus will shift to Asia, specifically Japan and even China. There is talk that Sarbox-like regulations will somehow follow the NYSE into Europe via new accounting rules. If so, an Asian venue may seem more to people's liking. Eventually this movement could sputter, as more companies resign themselves to more rigorous laws in most countries. But even as we discuss, more foreign companies are listing in the U.S.

For more:
- here's an International Herald Tribune article