Thursday, September 08, 2005

Regulation scares groups from public markets - Accountancy Age

Financial experts, including Paul Boyle, the CEO of the Financial Reporting Council, IASB chairman Sir David Tweedie and former GlaxoSmithKline CFO John Coombe, have all expressed concern in a report by KPMG that excessive regulation could force public companies to go private.

'There is a widespread concern that regulation has gone beyond the point at which it is useful,' Boyle said. 'The balance between investor protection and creating prosperity may have been over-stepped.'

Regulation scares groups from public markets - Accountancy Age

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