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The plans need scrutiny inside and outside parliament, he says.
"We are being oppressed and marginalised and we need scrutiny".
Investment banks should be subject to limits on leverage; hedge funds need scrutiny; and more.
Other areas that need scrutiny include reverse mortgages, international remittances, auto-loan kickbacks, mobile payment privacy and student loan modifications.
But the costs need scrutiny: the expense for defendants in England and Wales is 140 times more than in Europe.
Francis Maude, the Cabinet Office minister, was unrepentant about publication of the progress report, saying: "Major projects need scrutiny and support if we are to succeed in the global race.
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Processing also needs scrutiny.
"That is something that actually needs monitoring, it needs scrutiny," he said.
One rule that needs scrutiny now — called 46-R — was passed after Enron.
Without this kind of comprehensive, independent reporting, bringing much needed scrutiny to these cases, more families would grieve alone.
That is not against regulations, but it is one area that needs scrutiny in the internal review.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com