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First, SOX was one of a number of post-Enron initiatives, ranging from tougher listing requirements for firms to longer jail sentences for errant executives.
"A lot of governments are now incorporating the guiding principles into their own policies," Bader continued, pointing out that, in some countries, adherence to them has become part of "the listing requirements for their stock exchanges".
So despite efforts to set up Southeast Asian versions of Nasdaq with easier listing requirements for high-tech start-ups, the prospects for a wildly received initial public offering are dimmer than before.
On June 6th the Big Board introduced new listing requirements for companies that will, among other things, force them to have a majority of independent directors on their boards.
Politicians have already recognised the damage that regulation can do to the vibrancy of equity markets: hence the looser listing requirements for "emerging growth companies" (Twitter among them) under the year-old JOBS act.
Various proposals for "growth" markets with special rules, or even a pan-European small-business stockmarket, are also much discussed in Brussels.Second markets with easier listing requirements for small and middling firms have a chequered history.
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Many job specifications within the financial market now list requirements for programming languages and other sector-specific experience, which can often prove a useful guide.
We list requirements for the implementation of the agent itself, assess existing concepts of agent architectures, and give a more detailed overview about the building blocks of an adequate agent system architecture by describing the "manAge" agent system implementation.
The list requirements for the national flag were also posted in the notice: Chinese characteristics (Geography, nationality, history, culture, etc).
More probably, the Osaka Stock Exchange may offer to list Nasdaq Japan companies on its main exchange, where listing requirements are similar; a spokeswoman for the Osaka exchange told Bloomberg News today that such a plan was being considered.
But regulators on both sides of the Atlantic might have more to say if the exchanges used a common trading platform, which NASDAQ has hinted at, or, going even further, common rules and listing requirements, the official added.For the moment, the happiest people in the exchanges business might well be shareholders in the LSE.
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