
Lessons for SA from call for overhaul of UK financial regulatory regime
In an era in which global financial centres compete not only on tax regimes and capital flows but on regulatory quality and agility, the country must adapt or cede advantage.

In an era in which global financial centres compete not only on tax regimes and capital flows but on regulatory quality and agility, the country must adapt or cede advantage.

Poor people are not a risk to be managed; they are individuals trying to improve their lives through honest effort.

These controls are perhaps the most important of several factors deterring investment in our country.

The complexity of FAIS regulations has imposed substantial burdens on FSPs.

Shifting towards market-driven mechanisms, rather than continuing with price controls, would not only enhance market fairness but would also create a more level playing field for all participants.

The claim that banks have been denying and continue to deny black people access to financial capital is objectively false.

Governments must carefully consider whether such measures will genuinely serve the public good or exacerbate the problems they aim to solve.

Without sufficient industry expertise, the FSCA risks making regulatory decisions that are either ineffective or counterproductive.

The government should act like a government, and not play dress-up pretending to be a business.

The Rule of Law requires laws to be clear and predictable.