Yes there are far too many overlapping institutions that self regulation hasn't worked, it ha has no  adequate on the annualt we welcomed 21  effective against fraud by replacing it by an independent  statutory statutory based regulator which has the power to strike and strike hard rather than everything er by the the the plethora of regulations we now deal with in the financial  er in the financial sector and in the respect of what's proposed today, you can't rely er on auditors to be the effective police force that they've been required to be by these er regulations.