98 karma · joined June 11, 2020
Yes ! The "regulators" keep changing the rules and have an increasingly active role in influencing the market (rather than regulating it). They don't appreciate the effects of their own actions and are driven by lobbying and bank CEOs more than their expertise and models. The complexity of the system will soon grow beyond their ability to "fix". You could also argue that we are already there and the regulators are scared and bluffing.
1. You can change the law on them.
2. You can sue them.
2. ID cards would be great in the UK, for consistency. Different places now want different type of ids (usually driving licence or passport) plus something else to prove your address (no, the one mentioned on the driving licence is not good enough).