"The payment processing industry has not been regulated to the degree that banks have, and that's a gap in regulation," said Carol R. Van Cleef, a partner at Patton Boggs, a law firm in Washington.
Some of these investment advisors are affiliated with broker-dealers, opening a potential gap in regulation, he said.
The question of a gap in regulations was first raised early this year by Gregory B. Jaczko, the commission's previous chairman, who advanced the idea that the commission's goals were so flawed that what transpired at Fukushima could have been judged to meet the agency's safety standards.
While those rules have been opening up slowly since the 1990s, the explosion of interest in cloud computing has made the gap in regulations around cloud much more apparent.
The federal government has left the regulation of auto retailing to the states, leaving potential gaps in regulation for deals that cross state lines, said state regulators from across the nation, who convened at a hotel near the dealers' convention for meetings over the last four days.
5.18pm: "We'll create an oversight council to bring together regulators from across markets to share information, to identify gaps in regulation, and to tackle issues that don't fit neatly into an organizational chart".
While holding the Federal Reserve fully accountable for regulation of the largest, most interconnected firms, we'll create an oversight council to bring together regulators from across markets to share information, to identify gaps in regulation, and to tackle issues that don't fit neatly into an organisational chart.
While holding the Federal Reserve fully accountable for regulation of the largest, most interconnected firms, well create an oversight council to bring together regulators from across markets to share information, to identify gaps in regulation, and to tackle issues that dont fit neatly into an organizational chart.
The initiative has been complicated in part by gaps in regulation of mortgage-backed securities.
But in reality there are some gaps in regulation, according to Andrei Ptichnikov, general manager of FSC in Russia.
But this problem can only be dealt with through global agreement, as we know all too well that banks can use gaps in regulation to game the system.
