Some scrutiny from bank clients is very important.

Some scrutiny from bank clients is very important.

“WE JUST NEED BETTER REGULATION”

The greater legislation view assumes that regulators already have control of just what banking institutions do. This might be a incredibly positive view, for many reasons:

1) The banking sector has a lot more funds and resources at its disposal than just about any body that is public to modify it. Consequently, banks is in a position to mobilise significantly more resources for bypassing particular policy reforms, underneath the guise of economic innovation, than regulators might have to be able to avoid them from doing this.