From regulation spotlight to floodlight
He says if the capital markets are the playing field, we need to ensure all the players' conduct is visible to those watching the game wherever on the pitch the action is taking place.
"We are moving from regulation by spotlight to regulation by floodlight; let's make sure no dark corners are left out of the light's reach."
Mayhew says advisers needs to recognise that rebuilding investor confidence - without which capital markets stagnate or decline - requires dealing with all elements of the investment market network and addressing all dysfunctional behaviours.
He believes the current round of financial market regulatory reform is the culmination a decade of change.
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