Chapter 2: Public Interest

Good financial regulators do not grow on trees. Even as observers can get lost in all the procedural, legalese, structural, political, and what have you proliferations that so often seem to surround the discipline of regulation, the essential underlying reality that simple honesty suggests should always be the basic inspiration, remains that regulation should essentially be about financial protection, financial stability or security, and financial advancement. Being realistic and with feet always on the ground requires that all of these ideals be constantly sought and worked hard for by the honest regulator in what, inevitably, is the constantly changing world around him.