Finance industry regulation is a joke in the USA. It's largely self monitoring b... | Hacker News

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		bsenftner on Sept 8, 2017 \| parent \| context \| favorite \| on: Equifax Faces Multibillion-Dollar Lawsuit Over Hac... Finance industry regulation is a joke in the USA. It's largely self monitoring based! http://scholarship.law.cornell.edu/cgi/viewcontent.cgi?artic...

api_or_ipa on Sept 8, 2017 [–]

It's not the thing he/she said, it's how he/she said it.

Interestingly, Canada's financial industry is also mostly self-regulated which has always struck me as a foolish model.

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