There has been much criticism of the system for the control of industrial pollution, but not much is known about the views of the regulators and the industry. The objective of this study was to explore the attitudes at this regulatory interface towards the current and proposed regulatory system and make recommendations for improvements. The methodology involved a questionnaire survey sent to over 700 key personnel. Statistical analysis revealed similarities and significant differences between the views of industry and the regulator on the effectiveness of the current regime. Weaknesses related to the derivation and enforcement of standards were identified. The Environmental Quality Standards system was acknowledged to be flawed by both operators and regulators who agreed it should be improved by the expansion of listed chemicals, the introduction of sediment environmental quality standards and direct toxicity assessment of effluents. This paper concludes that these measures should be incorporated into the regulatory system, together with more rigorous enforcement of environmental performance standards including serious sanctions for non-compliance. In the longer term, a reappraisal of the regulatory system is required in order to establish an appropriate framework to ensure that environmental policy commitments are implemented.