Читать книгу The Compliance Revolution - Jackman David - Страница 15

This chapter provides the framework for the remainder of the book: a model to evaluate differing regulatory systems and a roadmap for the future.

Before we explore stages 4 and 5 in detail, and even suggest a stage 6, we will just reflect on recent experience and the difficulty some leading jurisdictions have had in stepping up from stage 3 to 4/5. Obviously, this transition, which we recognize is the most difficult in conceptual and practical terms, has been made even more difficult by the 2008 GFC. The GFC placed strains on the early steps in this transition as change had not had the chance to become sufficiently embedded. So now these jurisdictions have a chance to make the transition for a second time and ensure that it sticks.