Regulatory efficiency: A market assessment

Abstract

The relationships between regulators and markets and, in particular, the principles which should be observed when designing or amending regulatory structures are areas of genuine public interest and concern which are rarely discussed in the round. More often, discussion is focused on the efficacy of specific proposals within the context of existing regulatory arrangements.²

We need to strike the right balance — underpinning confidence in the markets whilst at the same time recognising that thriving markets depend upon innovation and risk-taking. Thus, our approach must be firmly rooted in a practical understanding of how markets work, and what market participants want. By getting this right, we aim to play our part in ensuring that London continues to be an attractive location for international business.

Andrew Large¹