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Regulation scares groups from public markets – Accountancy Age

Regulation scares groups from public markets – Accountancy Age

by Rick Turoczy on September 8, 2005

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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