A lighter touch or a heavier hand?
With the Care Quality Commission likely to be preoccupied with the NHS, JEF SMITH says the future of social care regulation looks bleak.
The succession of crass, crafty or frankly criminal bankers who have been largely responsible for the global financial crisis have suddenly brought into question the received wisdom of recent years that prosperity depended on allowing regulatory agencies to operate with only with the lightest of touches. But how light is light?
The irony of recent calls to use tough powers to hold dangerous financiers in check is that the failure of the bodies charged with precisely that duty has substantially contributed to the crisis by their negligence.