- The revolving door between public and private sector may reduce the independence/objectivity of the regulators. Restrictions on private sector appointments are not really enforced..and then one cannot debar 'consulting' and other assignments
- Demotivates the career cadre regulatory officers.
- The in house staff may have seen a wider range of issues/scams than anyone working in industry
Industry bodies are unlikely to propose changes which adversely impact them yet it is the industry professional who knows the loopholes and how they are played. The question is-who will relinquish a plum industry post to enter regulation? To that, a post retirement post could be created.