Regulatin' is like a wild west movie, says sheriff Martin Wheatley
Martin Wheatley, chief executive of Hong Kong’s Securities and Futures Commission, evaluates the architecture of regulation.

“We’ve all seen those westerns where a bar-room brawl starts with one punch, then escalates into chaos, and then a sheriff comes in, fires two shots into the ceiling and it’s all calm again. In the world economy, there is no sheriff in charge, the medical teams do come in but each looks after only their own patients at the same time as stipulating what medicine everyone else has to take.”
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