IRVINE, Calif. — Principles-based rules won’t be a panacea for financial services and, in fact, could create more regulatory risk, some industry observers say. The concept of flexible rules is being ...

“I thought that was OK because it didn’t say I couldn’t do that in the SOP.” Have you ever heard that from one of your crewmembers when you confronted them for making a mistake or bad judgment call?

Barclay Palmer is a creative executive with 10+ years of creating or managing premium programming and brands/businesses across various platforms. Andy Smith is a Certified Financial Planner (CFP®), ...

In recent years, the SEC has been making a move toward more “principles-based” regulation, in which regulatory guidance provides broad compliance principles and leaves regulated firms to figure out ...

Many claim that "principles-based" accounting standards are superior to "rules-based" standards. For example, the chair of the International Accounting Standards Board, Sir David Tweedie, made this ...

As we enter an "Era of Ecosystems," we need a different approach and thinking to manage these multi-dimensional and multi-lateral business relationships. I believe the partner management processes ...

The Securities Industry and Financial Markets Association has come out in support of principles-based regulation. The SIFMA commended the British Financial Services Authority for its recent paper on ...

While cryptocurrencies progress at a breakneck speed, the debate on crypto regulation is becoming more and more pressing. But the issue isn't so much how much to regulate—it's how. In an ecosystem ...

Recently, large trading losses at JP Morgan have revived the question of how to regulate financial institutions. I believe that this would best be done using a very different approach than what ...