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...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.