By: Cydney Posner

The Report of the Committee on Capital Markets Regulation has just been released. Generally, the report concludes that "regulatory and legal costs play a leading role" in the perceived loss of competitiveness of the U.S. capital markets in the global marketplace. To address this problem, the Report advocates improvements to the regulatory process, including a better balance of costs and benefits; expanded shareholder rights, including in the context of battles for corporate control; and reform of the securities enforcement and liability systems, including possibly caps on auditor liability. Click here for the Report.

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