Deutsche Bank AG Chief Executive Josef Ackermann argued against heavy-handed regulation. French President Nicholas Sarkozy summed up the opposing argument in his keynote. US Representative Barney Frank said hes expecting Congress to pass new regulation this spring. Lloyd’s of London Chairman Lord Levene joked, Sarbanes Oxley was a huge success, not for New York and Wall Street, but for London and the City We wanted to build a statue to Messrs. Sarbanes and Oxley for sending so much business to us.”]
Source: https://www.csoonline.com/article/2136052/the-changing-nature-of-governance–risk-and-compliance.html