In response to the US Treasury’s June 2017 report, the Systemic Risk Council warns that some of the proposals could jeopardize the financials system’s resilience.
There is a cost to society for firms to produce their finished goods, such as environmental damage, and firms pay only pay if they are taxed. Is there alternative?
CFA Institute President and CEO Paul Smith: “Unfortunately regulation is not the answer, but regulation is going to be the answer.”
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