How regulators are drowning Britain's most valuable industry in red tape [Yahoo! Finance]
Goldman Sachs Group, Inc. (The) (GS)
Last goldman sachs group, inc. (the) earnings: 4/15 07:30 am
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Source: Yahoo! Finance
The chief executive of the Financial Conduct Authority (FCA) has in recent months seen his watchdog become the source of growing frustration in Westminster amid fears red tape is strangling economic growth. The strain is such that tensions between the regulator and the City burst out into the open last week after the FCA unveiled plans to “name and shame” companies under investigation. For many businesses, it was the straw that broke the camel's back as tensions had been simmering for months. These have stemmed largely from Prime Minister Rishi Sunak's move to give the regulator a secondary objective to promote “economic growth” last year, stoking renewed scrutiny on whether the FCA is helping or hindering the economy. The plans to name firms under investigation have triggered fears it could put off businesses from investing in the UK. These are particularly acute given that the regulator has previously shied away from naming firms. However, recent scandals – such as the
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Sec Filings
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- GS's page on the SEC website