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How can banking be regulated without a single global authority? Or will they propose some single global authority with exclusive access to capital to police the
by jasonhansel 3y ago
How can banking be regulated without a single global authority? Or will they propose some single global authority with exclusive access to capital to police the regulation?
Governments will advance banking as fast as possible for their own use, regardless of any international agreement to the contrary. Just like experimenting on deadly pathogens in labs.
Do you think criminal banks will adhere to any laws?
So basically governments and criminals will have full powered banking and the rest will not.
- AndrewKemendo 3y agoYou just described literally why we shouldn't Banks and private equity have destroyed democracy
- jasonhansel 3y agoI'm not sure how less banking regulation would improve that situation. Likewise with AI.
- thelittleone 3y agoVery different issues. Banking regulation may have made progress, but it's inconsistently applied even after decades (I work in global banking governance). Time is part of the problem. AI is moving at a pace even techies can barely comprehend. While you can wait a few years for banking regulations and tolerate some degree of variance, it may only take seconds, minutes, hours, or days of inconsistent global enforcement of "AI regulation" for something to wake up.