Comment: Financial Regulator cannot take all the blame

The Financial Regulator has not always been as effective as it should be, but it cannot be held responsible for global crises and greedy practices at home.

18th October, 2008

The Financial Regulator has not always been as effective as it should be, but it cannot be held responsible for global crises and greedy practices at home.

I have been a severe critic of many aspects of the Financial Regulator’s performance. The office is very inefficient; simple things which should take days to implement, take months. Codes which should take months to produce, take years.

While the law requires it to be absolutely...

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