PwC: we're nervous about 'seductive' regulation

Sexton warned against what he called the "seductive" creation of more rules in the wake of the 2008 financial crisis, and of relying too much on regulation as a means to solve the problems in the sector. "The creation of more rules is seductive because it's a decisive, clear response. But I now have a view of being very nervous about relying too much on regulation. "Regulation alone will never close the gap between fine words and good actions. Too much regulation, or too much reliance on regulation, can perversely undermine trust," he said. Sexton said financial services can instea...