Sunday, 01 May 2011

What are DA views on gov regulation within pvt sector? ie: banking?

Asked by @themissygill - answered by @RyanCoetzee
Well, there needs to be regulation to ensure competition and protect banking system from speculation. So for example banks need to have a certain amount of capital on hand at all times and not engage in dangerous lending policies (which lead to meltdowns) - so regulation yes, but not control.

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