American glasshouse

Which city has the more effective regulation: London or New York? London has faced a barrage of cri...

Which city has the more effective regulation: London or New York? London has faced a barrage of criticism from US regulators this year about the standards of initial public offerings in the UK capital. From the sounds of it, you would think the City was the wild west: an under-regulated meeting place for flaky entrepreneurs and dodgy Russian oligarchs. Yet in the last few weeks, the New York Stock Exchange has allowed two companies - the buyout firm Blackstone Group and London-based hedge fund GLG Partners - to go public even though they have no place on a publicly traded market. Maybe U...