A trust deficit: why regulators need to rely on each other

Trust, but verify

duncan-wood

A 'trust fall' is a group game designed to promote bonding between the participants: one stands, eyes closed, before falling back into the waiting arms of the group.

Now imagine the game being played by a group of regulators. The one elected to fall would refuse. The rest of the group would stand around, eyeing each other sceptically. One of them might make a half-hearted call for a second, co-ordinating group to be set up, so it could make a non-binding recommendation that the falling regulator

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