The London Stock Exchange might be willing to countenance merger discussions once again with Deutsche Börse, but it is not content to stand idly by while the Swiss Exchange (SWX) tries to poach its lucrative Eurobond business.
As of the beginning of this year, EU issuers have had to report under International Financial Reporting Standards. The EU prospectus directive, to be introduced in July, will mean that those issuing in the EU will have to produce annual reports and greatly enhance disclosure. The rule is designed to protect retail investors ? bonds with a face value of more than e50,000 are excluded from compliance to avoid adversely affecting...
