Statement From New York City Mayor Michael R. Bloomberg On Borse Dubai/Nasdaq Deal
By newsdesk - Posted on September 21st, 2007
September 20, 2007 -- “Today's announcement that Nasdaq is partnering with Borse Dubai to acquire the Swedish exchange OMX appears to be good news for both New York and the nation, especially because it gives our City a significant leg-up on our competitors in Europe. The deal is just the latest evidence supporting the case that our Administration has been making: that the globalization of financial markets is an inexorable force, and the future of Wall Street – and the entire U.S. economy – hinges on our ability to harness it.
“This deal will extend Nasdaq’s reach in both Europe and the growing markets of the Middle East and lead to higher regulatory standards in Dubai, which will improve the integrity of the global marketplace – greatly benefiting American investors and the world as a whole. Of course, like all such deals, this one should undergo all the appropriate scrutiny – but I hope that that discussion does not devolve in the kinds of demagogic attacks that could cost Americans jobs and threaten New York’s place as the financial capital of the world.”
Source: New York City Mayor
Scroll down for related articles:
Related articles
- 2007-09-21: Statement From New York City Mayor Michael R. Bloomberg On Borse Dubai/Nasdaq Deal
- 2009-10-19: FBI: Hedge Fund Managers Charged with Insider Trading
- 2008-06-04: NYC Mayor Bloomberg Announces Acceleration Of Goal To Attract 50 Million Visitors To New York City
- 2008-05-13: New York Gov. Paterson, NYC Mayor . Bloomberg And ABC Studios Announce Move Of Hit Series “Ugly Betty” To New York City
- 2008-04-01: Statement By New York City Mayor Bloomberg On Treasury Secretary Paulson's Regulatory Reform Plan
- 2007-10-05: New York Mayor Announces $4.2 Million In Funding To Reduce Poverty By Helping Small Businesses Strengthen Their Workforces
- 2007-09-21: Dubai Purchase Of Major Stake In Nasdaq Deserves Examination, Says Sen. Menendez
- 2007-09-18: New York City Mayor Bloomberg And Attorney General Cuomo Sue Maker Of Vioxx For Hiding Drug's Risks
- 2007-07-18: New York Attorney General Cuomo Announces $23.3 Million Settlement With UBS Financial Services, Inc.
- 2009-11-06: Sen. Kaufman: Rapid Market Changes, Lack of Transparency and Ineffective Regulation Still Present on Wall Street
- 2009-11-02: SEC Charges Former CFO and Six Relatives and Friends in California-Based Insider Trading Ring
- 2009-10-20: Morgan Stanley Restructures Investment Management Unit
