Committee Calls For Easing Oversight Regulations

Law360, New York (November 30, 2006, 12:00 AM EST) -- A high profile committee on markets regulation urged U.S. authorities Thursday to relax regulation on auditors and company employees, warning that burdensome compliance costs and liability risks are causing the United States to lose its competitive edge.

The Committee on Capital Markets Regulation released a 152-page report that attacked excessive regulation, which mainly came about in the wake of accounting scandals, for hiking up corporate costs, strangling the public securities markets and deterring foreign competitors from approaching U.S. markets.

“The shift of regulatory intensity balance has...
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