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:*Regulators on the Savings and Loan scandal | :*Regulators on the Savings and Loan scandal | ||
:*[[BaFin]] on [[Wirecard]] | :*[[BaFin]] on [[Wirecard]] | ||
*'''Patchwork of politicised regulators''': Operating a business at the intersection of regulatory regimes where | *'''Patchwork of politicised regulators''': Operating a business at the intersection of regulatory regimes where: | ||
*arbitrage is possible even for honest players; | |||
*complexity makes compliance difficult, encourages opaque behaviour; | |||
*sophisticated forensic analysis of the rules pays further dividends; | |||
*competing regulators have a turf war and are thus otherwise occupied, | |||
*competing regulators are incentivised to keep businesses they regulate “onside”; | |||
*business finance political campaigns and indirectly influence the leadership of regulators - S&L scandal | |||
===In bed with the lawyers and accountants=== | ===In bed with the lawyers and accountants=== |