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Mark Gilbert

London Shouldn't Bend the Rules for Saudi Aramco

Sacrificing the listing would safeguard the credibility of the LSE's index business.
Photographer: Rob Stothard/Getty Images

row is brewing about whether the London Stock Exchange should bend its rules by allowing Saudi Arabia's state oil company to join its benchmark indexes as it tries to win the initial public offering for the U.K.

Enlightened self-interest suggests the LSE should sacrifice the listing to safeguard the credibility of its index business.