–Systemic failure of regulatory systems.
"Despite the magnitude of the financial crisis, prospects for major reform of regulatory systems are inadequate and vague," said John D. Rogers, the president of the CFA Institute and a member of the new group.
There are already lots of regulatory systems on the Internet: eBay polices its auctions, the credit-card issuers police the merchants in response to customer complaints, online malls set quality standards, various privacy-seal programs are starting to work better, etc.
"That only makes sense if you believe the role of government is only to serve business interests and not also to work with members of the public to help them understand the morass of regulatory systems that exist to help them".
At the Washington summit last November we agreed on the four principles which would guide our response to the crisis: the need for enhanced coordination and cooperation, the rejection of protectionist measures, the strengthening of regulatory systems in financial markets, and a new global governance.
Arturo De Frias of Dresdner Kleinwort estimates that European banks may end up with losses of about $31 billion on short-term loans to Lehman.Just as big a concern for banks in Britain and Europe is whether the hotchpotch of regulatory systems across the continent could cope with a bank failure.
The harmonization of regulatory systems of Social Welfare and Education departments is still in its infancy.
The corporate regulation landscape comprises various a range of regulatory systems.
These need not necessarily be composed only of bacterial products but can also include elements of regulatory systems or enzymes derived from a foreign human source.
While recent research on loss aversion presents mixed evidence, the literature on satisfaction studies provides little insight into the influence of regulatory systems on satisfaction.
Low doses or high dilutions of a drug interact only with the enhanced sensitivities of regulatory systems, functioning as minute harmful stimuli to trigger specific compensatory healing reactions.
