In the post-Enron world and under the shadow of Sarbanes-Oxley, the new EU Commissioner for Internal Markets will find it easier to push for more regulation through modernization directives in areas like EU financial market supervision, accounting oversight, or corporate governance standards--reform initiatives that for many years have been blocked by national governments or powerful private sector interests.
In their paper "Reform of Corporate Governance in the EU," they argue that the Commission missed an opportunity to set a European corporate governance code in the mid-1990s, and that most of the latest spate of proposals--with Bolkestein as Internal Market Commissioner--"are simply reactions to recent fallouts and new legislation in the United States.
Alexander Schaub, Director General of the European Commission for Internal Markets
, criticized Sarbanes-Oxley: "There was no dialogue and no attempt to take account of any extraterritorial consequences.
According TABB Group in their newest report released today, "The Internal Market
: Maximizing Liquidity's Value", the financial industry's first-ever study of the internal market
, one of the ways brokers are solving this is through the development of internal markets
, what many say they view as "internalization on steroids.
Investors are cautioned that all forward looking statements are subject to risks and uncertainties, including, without limitation, the timing of new announcements or introductions by the Company and its competitors, the hiring and retention of key employees, competitive pricing pressures, dependence on third party for internal markets
, and the risk factors detailed from time to time in the Company's periodic reports and registration statements filed with the Securities and Exchange Commission.
It provides links to automatic execution venues, manual execution venues, links between internal sites and to internal markets