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JPMorgan Chase & Co.
Bankers are complaining — again — about too much regulation
Bankers are complaining — again — about too much regulation

The term "regulatory capture" refers to what happens when regulators swim so close to the companies they regulate that they get snared in those companies' gravitational fields. What results is tolerant, indulgent regulation, or none at all. For a good example, think of banking regulation before 2008. The result of regulators seeing things the banks' way: the 2008 financial crisis and a long, deep recession. Regulatory capture has come up in public discussions three times in recent days: a top banking industry lawyer says it's a "myth"; a top banking regulator says there's still too much of it; and a top securities regulator may have...

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