That seems clear? Are you perhaps reading that as a literal command 'have faith in this process'? I believe their point is that you should have (or lose) faith in regulations as the constraint on industry, as opposed to companies which are viewed as having no restraint.
I don't entirely agree with that viewpoint, but they aren't saying anything inherently contradictory
I'm reading it as naivity. You trust companies when you see evidence you should, and you stop trusting them when you shouldn't. Trusting a regulatory process leads you to bad decisions.
The good news is that if the regulations haven't been stringent enough to protect people, we can always increase them and also hold regulators that fail to do their jobs accountable.
I don't entirely agree with that viewpoint, but they aren't saying anything inherently contradictory