Discuss the implications of principal-based regulation for financial markets and regulatory compliance. How do regulatory authorities, such as financial regulators and securities exchanges, implement principles-based regulatory frameworks that emphasize high-level principles, ethical standards, and risk-based approaches to promote market integrity, investor protection, and financial stability ? 

Answer rating: 100% (QA)

Principlesbased regulation represents a shift from prescriptive rules and detailed requirements towards highlevel principles ethical standards and riskbased approaches This approach recognizes that fi... View the full answer