Avoid useless regulations

The cost of complying with useless regulation is mind blogging. This writer identifies that the source of the regulation is America. But, in Singapore, we also have our own wasteful activities - doing paperwork that are useless and adding to the cost of doing business.

I wonder if our useless activities are also caused by the regulations that come from America. Quite likely, this is the case, but our regulators should have the guts and the independence to draw a line between what is necessary and what is not.

By enforcing a high level of compliance of useless regulations and paperwork, we are adding to the cost of doing business in Singapore.

http://www.sovereignman.com/trends/jp-morgan-private-banker-we-cant-make-money-anymore-17208/