ACCA defends principles based financial regulation
Posted by Gina Dyer in Financial reporting on Thu, 25/06/2009 - 14:42
- The ACCA says global authorities should not rush to introduce heavy handed regulation.
- Governments should regard the promotion of healthy competition in the market place as a top priority.
- Wider macro economic factors should be taken into account when forming policy.
- Regulators should encourage financial institutions to adopt ethics based corporate cultures.
Governments should avoid rushing into heavy handed regulation and instead focus on reviewing the factors that led to the global financial crisis, according to the latest policy paper from the Association of Chartered Certified Accountants (ACCA).
‘The Future of Financial Regulation’ paper says policymakers shouldn’t be scared into a draconian overhaul of the financial system but should instead address the existing issues and anticipate future threats to the integrity of the system and the broader economy.
To read the rest of the article you'll need to log in below
If you've forgotten your details click here for a reminder.
If you haven't got an account, it's free to set up and only takes a minute,
click here to register
- 1059 reads
- login or register to post comments
- Add to a social bookmarking site
Latest questions on 
