Is RegTech a bubble?

With the rapidly evolving regulatory landscape there is no doubt that there is big potential for RegTech in the short and medium run, but long-term, when the regulatory climate settles and business responses become more standardised, is it possible that RegTech will become redundant?

Steve Young, CEO of Citisoft, explores this idea in his article below: http://www.ftseglobalmarkets.com/blog/the-technology-blog/regtech-a-bright-future.html