Leader: in this issue

The busiest bees among capital markets rule-makers appear to be those buzzing around the world's stock exchanges. While indexes edge lower and companies struggle to meet targets, rule-making seems to be only growth industry around.In Europe, the EC has just ended the consultation period for its plan to harmonize national listing arrangements. While the aims of the Lamfalussy committee may be laudable, few are happy with the Commission's plan of action.It's a rosier picture in the UK, where