Post-financial crisis macroprudential policy remedies appear largely successful in mitigating financial risks that threaten firms and the financial system. We have yet to agree upon the right approach to mitigating non-financial risk issues. Regulators are thus affording firms the flexibility to achieve desired results however they see fit — and holding them accountable when they fail.
Observations
Sep 11, 2023In a recent blog post, Mark Jephson, a Partner at Mosaic, discusses the consequences of a potential repeal of New Zealand's Conduct of Financial Institutions (CoFI) bill pending the results of a general election this fall. "[T]his begs the question, do principles ever really die even after repealing principle-based regulatory constructs such as CoFI?" he asks.
by Michelle Kirschner , Matthew Nunan
Compendium
Jun 07, 2023Compendium
Jun 07, 2023Observations
Mar 29, 2023The US Public Company Accounting Oversight Board's (PCAOB) Investor Advisory Group (IAG) has urged the Board to wrap up a long overdue Audit Quality Indicators (AQIs) project.
