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Interconnectivities and regulatory impact [22]

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Bullet points include: Greater value being placed on cross sector understanding If only because firms’ business models (and/or owners) may change through time Self-reinforcing effects of: Unitary regulation: such regulators have vested interest in promoting harmonisation Academics and other thought leaders increasingly seeking common strands between sectors The entire financial services industry in some sense derives from the invention of money and the uses societies have made of this invention, so when we seek common strands there are almost certainly some to be found Increasing dissemination of e.g. risk management disciplines across sectors Consultants and software vendors gain economies of scale by doing so

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