At first glance, the worlds occupied by the Reserve Bank and the competition authority are at opposite ends of the economic policy spectrum. Whereas the central bank is characteristically identified as the guardian of macro-economic stability, the competition authority is concerned with regulating micro-behaviour. This includes investigating and adjudicating business practices and ensuring that the structure of the economy promotes competition and facilitates access.
It is not just that change in the financial sector will impact the way regulatory bodies implement regulations, but also that the regulatory framework will affect the speed and direction of transformation in the financial sector.