“If a company prefers to be a big fish in a little pond versus a small fish in a large one, then the Swiss Exchange will be more enticing," Jos Dijsselhof, CEO of the Swiss bourse, said.
"The arrangement was attractive to Beijing because, unlike US regulatory norms, it did not require Chinese companies to make their audit files accessible to Swiss officials."
Doesn't this increase the risk of companies defrauding investors?
"The arrangement was attractive to Beijing because, unlike US regulatory norms, it did not require Chinese companies to make their audit files accessible to Swiss officials."
Doesn't this increase the risk of companies defrauding investors?