Has Integrated Regulation Failed?
Is there a case for separating prudential regulation and conduct of business regulation after the wake of the biggest financial crisis the world has ever seen? How is Australia different in their regulatory approach to the US and UK/Europe?
In the current times, with the public scams and the credit crunch, we can ask questions on what happened to the regulators, why were they caught napping whilst the credit crunch bit us hard, and we experienced some of the largest scams ever seen - $50bn Maddox, followed by a string of others.