Improving the process of change in Australian financial sector regulation

Various initiatives have recently been proposed for improving the process of regulatory change as it affects the Australian financial sector. This paper argues that, while these initiatives are valuable, we also need to do more to engage with the rhetoric of regulation as part of the formulation, as well as the implementation, of regulatory policy. JEL Codes: G28, K22 Keywords: Financial regulation, Regulatory change, Regulatory rhetoric.