Atkins to Push ‘Thorough Economic Analysis’ of SEC Rules
Securities and Exchange Commission Chair Paul Atkins last week called for a “robust” economic analysis of SEC rules amid “ongoing changes in financial landscapes,” adding that previous agency leadership focused heavily on “regulatory expansion over meticulous economic analysis.”
Atkins, who was sworn in last month, said it was a “new day at the SEC” and crucial that the agency ensures “thorough and unbiased economic analysis is not being overshadowed by any driving desire to implement regulatory measures that impose unnecessary burdens on our markets.”
Atkins “may revisit the economic basis of already-adopted rules, slow or halt pending rulemakings that lack robust economic justification or use cost-benefit analysis to reframe existing proposals,” Cynthia Kelly, a managing director for compliance at STP Investments, said in an email.
Atkins is also expected to create a regulatory framework around crypto and tokenization, artificial intelligence, and the expansion of alternatives into the retail channel, she added.
Read more of what Cynthia and other subject matter experts had to say here.
