The case against National Securities Regulator

CALGARY, Oct. 19 /CNW/ - The School of Public Policy has released a research paper which argues strongly against the establishment of a National Securities Regulator.

The paper was written by Pierre Lortie, a Business Advisor at Fraser Milner Casgrain LLP, peer reviewed by The School of Public Policy and released today to an audience of business people and academics at The School of Public Policy.

"This paper demonstrates that Canada's decentralized securities regulatory regime has shown flexibility, a great capacity to adapt to changing circumstances and an unrelenting ability to respond to particular industry or regional needs," said Lortie.

"It has also provided strong assurances against the hasty adoption of disruptive and costly regulations because it is less susceptible to the imposition of politically expedient or faddish requirements or the influence of a dominant industry or interest groups."

The paper argues that a centralized system runs the risk of turning into a disruptive and costly initiative while erasing many of the benefits achieved by the existing system.

The paper can be found at http://policyschool.ucalgary.ca/publications

For further information: or for interviews contact: Morten Paulsen, School of Public Policy, (W): 403-399-3377, (E): [email protected]