Katie Martin

companies so they might only have to report semi-annually instead of quarterly.

This isn't a done deal yet, but it's pretty close to being a done deal.

And the theory behind this is, and I think this is something that you sympathize with, is that let's free corporate America from the shackles of writing long, tedious earnings reports that nobody reads.

And this will enable them to do more innovation.

I guess my thinking on that is...

Show me the evidence that this is currently hurting.

I don't get it.

And I think some investors that I speak to say, look, one of the reasons why the US stock market is the Mac daddy and its base is home for a lot of global investors is

It's precisely because it reports every quarter.

It doesn't matter what kind of crisis is going on.

It doesn't matter what war there is where.

So help them.

U.S.

companies always report every quarter.

That's not necessarily the case in Europe, for example.

Some of them are less frequent than that.

So, I don't know, construct the argument for me that this makes any sense to remove this requirement.

I'm not necessarily left wanting more, but I do think the context here matters, right?

So in the States at the moment, like regulations are just falling away left, right and centre.

So it just strikes me that right now, like allowing companies to say less in the States feels like potentially storing up problems.