Presenters at the academic sessions of the conference argued that the combination of a central limit order book and high speed trading  1  Joint Staff Report: The U.S. Treasury Market on October 15, 2014 (PDF). BIS central bankers’ speeches  1  can lead to higher liquidity risk and a race for speed.
In Australia, all lenders were covered by the Uniform Consumer Credit Code but loan brokers were much more lightly regulated, until very recently. The Council of Australian Governments earlier this year recognised that regulation needed to be strengthened and agreed to transfer responsibility for the regulation of all consumer credit to the Commonwealth.