Smarter Supervision: The Path Forward
A recent report by the C.D. Howe Institute suggests that reducing regulation could help advisors serve mass market clients by streamlining oversight and eliminating unnecessary rules.
According to the report, the regulatory burden is pricing modest investors out of financial advice. However, the real problem lies not in excessive regulation, but in inefficient regulation.
Regulations exist to deter misconduct, reduce information asymmetries and preserve trust.
Supervisory technology (suptech) offers a solution to this problem, allowing for the reduction of costs, elimination of duplication, and improvement of consumer protection simultaneously.
Canada should focus on rebuilding its regulatory framework using suptech, rather than abandoning it. This approach would prioritize smarter supervision over less regulation.
Author's Summary
Smarter supervision is key to efficient regulation.
- Regulatory burden affects modest investors
- Suptech can reduce costs and improve consumer protection
- Canada should prioritize smarter supervision over deregulation
More News
- Prescott to develop Prince Street Fields into housing
- “The left is not going to be the doormat of the United States.”
- DAVIS: Is Garfield County Sick of the Circus Yet?
- AM General Announces Collaboration To Develop Army Unmanned Ground Vehicle
- Beyond the checklist: Building a primary curriculum that sparks joy and includes every child
- Political polarisation in South Korea – a new perspective - Institute of Development Studies