In an op-ed published in the Financial Times earlier this week, Paul Atkins, Chair of the US Securities and Exchange Commission (SEC), argues that the foundation of US capital markets is trust, and that regulators have strayed from the principles that sustain it.
Atkins asserts that the SEC’s mandate should be anchored in materiality, requiring disclosures only when they are relevant to a reasonable investor’s financial decisions. He contends that the agency had engaged in “mission creep” by pursuing broader objectives. "The government should provide the minimum effective dose of regulation needed to protect investors while allowing businesses to flourish," he writes.
This content is available to paid Members of Starling Insights.
If you are a Member of Starling Insights, you can sign in below to access this item.
If you are not a member, please consider joining Starling Insights to support our work and get access to our entire platform. Enjoy hundreds of articles and related content from past editions of the Compendium, special video and print reports, as well as Starling's observations and comments on current issues in culture & conduct risk management.
Join The Discussion
Sign in and be the first to comment.