Tuesday, March 09, 2010

FRC rated "world class" by government oversight body


Soft touch approach lauded

The UK's financial reporting regulator was praised for its "world class" approach in a report.

Better Regulation, the Department of Business's department which monitors and promotes regulatory reform, found the Financial Reporting Council was highly effective.
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"The flexible 'soft law' approach to raising standards of corporate governance in listed companies was found to be world-class," the report said.

See full Article.