Bank's regulatory system is a nightmare -- here's why it won't ever change

[_nur]

 

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[BartS]

I do not know what to think, while I understand complexity to be part of the system this is simply ridiculous, there is no way a system that complex can be monitored effectively for any amount of time.

[davis196]

Nice infographic,by the way.
I think that ,if the financial system is so complex,the regulatory system should be complex as well.
What will happen if all the banks don`t have a regulatory system?They will scam the people and run away with their money.
Anyway,we need better rules and laws,not more rules and laws.

[darkangel11]

I do not know what to think, while I understand complexity to be part of the system this is simply ridiculous, there is no way a system that complex can be monitored effectively for any amount of time.

The most important thing here is the amount of communication between these agencies that is required for the whole system to function. When one agency has to coordinate with a number other agencies to control a single sector, in which there can be thousands of small companies, it creates chaos and piles of paperwork and red tape, that circles from one desk to the other.

[Mometaskers]

Ah, good old bureaucracy. I'm not American but just looking at this makes me wonder what they'll do when people start ignoring the banking system. That is still far into the future but we are getting there.

[szpalata]

 

This is outrageous and it lays credence to the ever occurring bureaucracy associated with banks and their transactions. We definitely need a change and Bitcoin is here to stay.

[worhiper_-_]

Ah, good old bureaucracy. I'm not American but just looking at this makes me wonder what they'll do when people start ignoring the banking system. That is still far into the future but we are getting there.

Burreocracy is somethong that's related to banking all over the world. I don't think that people would bother shifting away for banks just over burreocracy because the end service provided is just too convinient to seek radicat change.