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The dog in the night time: Difference between revisions
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:*[[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; | :*arbitrage is possible even for honest players; | ||
*complexity makes compliance difficult, encourages opaque behaviour; | :*complexity makes compliance difficult, encourages opaque behaviour; | ||
*sophisticated forensic analysis of the rules pays further dividends; | :*sophisticated forensic analysis of the rules pays further dividends; | ||
*competing regulators have a turf war and are thus otherwise occupied, | :*competing regulators have a turf war and are thus otherwise occupied, | ||
*competing regulators are incentivised to keep businesses they regulate “onside”; | :*competing regulators are incentivised to keep businesses they regulate “onside”; | ||
*business finance political campaigns and indirectly influence the leadership of regulators - S&L scandal | :*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=== | ||