It's often a lot cheaper, at least in the Netherlands, to buy an unused banking license than to actually jump through all the hoops to get a new license. Readin

It's often a lot cheaper, at least in the Netherlands, to buy an unused banking license than to actually jump through all the hoops to get a new license. Reading this, this regulator seems to have a lot of leeway to propose arbitrary restrictions thus hampering business in the interest of protecting customers. It's hard to do a cost-benefit on this type of customer protection by the regulator. Related reads: * Rule of Law in the Regulatory State by John Cochrane [1] * WebMD versus FTC [2] [1] http://johnhcochrane.blogspot.nl/2015/08/rule-of-law-in-regulatory-state.html http://johnhcochrane.blogspot.nl/2015/08/rule-of-law-in-regu... [2] http://www.scmagazine.com/dismissed-labmd-case-could-impact-ftc-authority/article/454278/ http://www.scmagazine.com/dismissed-labmd-case-could-impact-...