TPS Posted February 23, 2011 Author Share Posted February 23, 2011 There's two possibilities: you pick regulators who understand an industry (any industry), or you pick regulators who don't. I think we can all agree that regulators who don't understand an industry aren't going to effectively regulate it anyway. So what constitutes your potential pool of regulators who understand an industry? It's pretty clear that appointing industry leaders has not led to effective regulation as well. I think there are a lot of people with the skill set to effectively regulate, and they don't need to be former/current CEOs. Someone mentioned Bill Black. I think there are a lot of people with his type of background that were good regulators and would make an excellent head of an agency. The problem is that those kind of people tend to get run out or ignored--good regulators will never be put into place. Why? Because the political-industry nexus has corrupted the system in general. Link to comment Share on other sites More sharing options...
Magox Posted February 23, 2011 Share Posted February 23, 2011 It's pretty clear that appointing industry leaders has not led to effective regulation as well. I think there are a lot of people with the skill set to effectively regulate, and they don't need to be former/current CEOs. Someone mentioned Bill Black. I think there are a lot of people with his type of background that were good regulators and would make an excellent head of an agency. The problem is that those kind of people tend to get run out or ignored--good regulators will never be put into place. Why? Because the political-industry nexus has corrupted the system in general. Have you worked in the Financial services industry before? Link to comment Share on other sites More sharing options...
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