Expert panel backs US regulatory upgrade
An expert group sponsored by the CFA Institute Centre has produced a report suggesting that bold reforms are necessary to the US regulatory system to restore investor confidence.
The so-called Investors’ Working Group (IWG) has urged policymakers to adopt reforms that would make the US financial regulatory system more comprehensive, effective and in tune with the needs of investors.
In doing so, it has suggested that US lawmakers need to adopt a bipartisan approach in circumstances where “too often politics and special interests get in the way of doing what is right for investors".
The IWG proposals for reform include strengthening and reinvigorating the existing federal agencies responsible for policing financial institutions and markets and protecting investors and consumers, filling the gaps in the regulatory architecture, improving corporate governance and creating an independent risk oversight.
AUTHOR
Mike Taylor
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