The U.S. has lost its competitive edge because the regulatory environment is driving businesses to overseas exchanges and private sources to raise money, a panel of entrepreneurs and academics, endorsed by Treasury Secretary Henry Paulson, said in a report to the White House released Thursday.

The Committee on Capital Markets Regulation concluded that increased oversight by regulators and prosecutors in the five years since the Enron Corp. and WorldCom scandals has put U.S. markets at a competitive disadvantage.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]