Finra looks to UK for regulatory inspiration
NEW YORK - The regulatory agenda was full for the Financial Industry Regulatory Authority (Finra) and NYSE Regulation - which are in the process of merging - even before the market crisis hit in mid-September.
As a result of the merger of the two organisations, their respective rulebooks will be combined into one set, which will seek to walk a "third way" between the traditional US rules-based approach and the UK's new principles-based approach, according to Marc Menchel, executive vice
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