Do we need dual regulators in financial services? : synergies in establishing a single regulator

The purpose of this article is to provide an opportunity to recap the history of the multitude of regulators that work in the space of financial services and to examine other international alternatives. Or, to look at it another way, can we ask the question: 'Do we need dual regulators in financial services or are there synergies in establishing a single regulator'?,Do we need both APRA and ASIC? A recap of the history of regulators in the financial services sector. How are financial services regulated in other countries?