Insanity and regulation

Last week two new financial regulatory bodies were launched, the Prudential Regulation Authority and the Financial Conduct Authority, to replace the last (failed) one – the Financial Services Authority. Einstein famously defined insanity as ‘doing the same thing over and over again and expecting different results’. In this brief blog post I shall therefore speculate on the reasons for the decision.

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Source: http://www.iea.org.uk/blog/insanity-and-regulation

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