Finance is primarily a knowledge oriented activity. The chief capital and inputs required for this sector all relate to “information” and “knowledge”. This “information” and “knowledge” is highly dynamic; new research and new concepts crop up every often. The paradigm changes in the sector has very wide ramifications; the sector is highly interconnected; happenings in this sector has high visibility.
That means that the regulators have to be upto date with such cutting edge “information” and “knowledge”; be abreast of the developments in the sector; and be hands on. On top of these, these efforts have to be continuous and over the whole career. That is why the regulators typically have such capacity building institutions under their direct charge.