The dog in the night time: Difference between revisions

The dog in the night time (view source)

13 bytes added , 6 July 2020

82,891

edits

@@ Line 48: / Line 48: @@
 :*Regulators on the Savings and Loan scandal
 :*[[BaFin]] on [[Wirecard]]
-*'''Patchwork of politicised regulators''': Operating a business at the intersection of regulatory regimes where (i) arbitrage is possible even for honest players (ii) complexity makes compliance difficult, encourages opaque behaviour (iii) sophisticated forensic analysis of the rules pays further dividends (iv) competing regulators have a turf war and are thus otherwise occupied, and incentivised to keep businesses they regulate "onside"; (v) business finance political campaigns and indirectly influence the leadership of regulators - S&L scandal
+*'''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===