The Securities and Exchange Commission is sniffing out footholds in Europe and Asia.
The Securities and Exchange Commission has its sights on possible footholds outside the United States. "London or Brussels have been mentioned as potential overseas offices," John Nester, an SEC spokesman, told CFO.com. "But we would want to look at Asia as well."
Such plans are still very preliminary, Nester noted. Overseas offices would function more as a base for attending meetings and forums abroad, not as outposts for policy-making, market oversight or enforcement, he said.
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Indeed, with the increased movement toward the convergence of U.S. and global accounting standards, thoughts of a growing SEC presence outside the United States seem to be abounding. At a roundtable last summer, for example, a number of former SEC chairmen agreed that it was time to begin thinking about creating offices overseas.
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