Accountabiity

Regulatory gaps allows wash their hands

Safeguards use of powers and provides strong set
of accountability mechanism
Reduction of regulatory Arbitrage
Overlaps of having multiple regulator and
competition in the FS
Uniform standards and applied to all subsector
eliminating motivation for arbitarge
Help to achieve competitive neutrality

 Flexibility
Single modern and flexible legislative
framework
Maintains confidence and equally promotes
public understanding and ensures protection
of consumers in relation to financial crime

Efficiency concerns
G30 report 2008 more efficient and cost
effective
Clear and consistent objectives
Economies of Scale
Llewellyn 2001- appropriate for small countries
Mts could benefit since:
It creates opportunities for cost savings
(for instance, allocation of scarce regulatory
resources and latest technologies)

Higher quality of supervision and

Control
Superiority achieved by shorter and simpler
lines of communication
Allows to look across entire financial industry
and devote resources to where they are most
needed.
With multiple regulators