The financial regulatory apparatus in this country is incredibly complex. Much of it has been patched together over the past 90 years or so and does not reflect the realities of this modern world. But what needs to change? How can government become better at regulating finance?My next guest on the Fintech One-on-One podcast is Sultan Meghji. He is the former head of innovation and the FDIC and he grappled with those issues firsthand. Now that he has left the agency he is able to talk freely about what is most needed for regulators to, not just deal with a rapidly changing financial system, but to embrace it.In this podcast you will learn:Why Sultan decided to take the job at the FDIC.The innovations he was most focused on.The programs he worked on first.When it comes to new technology, what banks need most urgently.The biggest challenge to enacting change in banking.Why banks are getting a lower percentage of money injected into the economy.How the government can attract talent and why it is such a big problem.What he highlighted in his Bloomberg op-ed.The reasons that Sultan quit after a year on the job.The reaction he received from his op-ed.If we were designing a regulatory system from scratch, what it should look like.Why we need to incentivize global capital to come to the United States.Some incremental changes that can happen to get us to a better place.Sultan's perspective on the future of financial regulation.