ACCA defends principles based financial regulation
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.
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