The challenge of the "Single Regulator"
approach is that such a regulator has to know many different financial businesses well in order to do a good job of supervising the safety of complex financial institutions.

Question

Quizplus · Accepted Answer

A single regulator overseeing a diverse range of financial institutions must possess a broad and deep understanding of various financial businesses and their complexities to effectively supervise and ensure their safety. This is challenging due to the varied nature of financial services and products.

The Challenge of the "Single Regulator