Regulatory Merger

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Try to check you instincts to laugh aloud when you read this explanation for why having fewer regulators governed by a centralized authority will mean, somehow, better regulatory scutiny.

"When the new organization is in place and fully integrated, there will be one set of rules, one set of examiners and one enforcement staff," Schapiro, who would head the combined organization under the proposed merger, said in a statement: "Duplicative and inconsistent regulation and overlapping jurisdiction will become a thing of the past."

NASD, NYSE Say They Will Merge Their Regulatory Bodies [Washington Post]

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