Four hard lessons from the Barlow Clowes scandal - Telegraph
What have we learned from Barlow Clowes and all the other failures which appear to increase in size at the same rate as the regulators do?
I don’t know about you but all the evidence suggests that regulation is bust. All the rules and regulations in the world are no substitute for effective supervision, an ability to spot trends and the gumption to move quickly in the right direction.
Until regulation works as we would expect it to we will continue to see ever larger failures
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