I know it doesn't, but unfortunately it is often how it works. More than I want to remember I have seen things like 'but lives depend on this!' or '100s of millions can get lost if this doesn't work!' and yet when the RFPs come back and something like InfoSys is chosen because big name and cheaper than experts in the field.
Edit;
> we have evidence of a serious need for strongly enforced regulation.
Better education? But I guess strongly enforced regulation will force companies to not go for the cheapest solutions they can get away with which in turn will require people with actual knowledge in the field which will require better education, somehow.