Rolet to speak out on regulation

London Stock Exchange chief executive Xavier Rolet will appear next week before the Treasury select committee, to give evidence on its inquiry into financial regulation in the UK. Rolet has been vocal in his opposition to new proposals to split the regulation of the primary and secondary capital raising markets, under which the former will pass to the Financial Reporting Council and the latter to the new Consumer Protection and Markets Authority. Rolet believes that the rules could “severely” impact London’s competitiveness. He will be joined as a witness before the committee of MPs by Jacques Aigrain, chairman of clearing house LCH.Clearnet.