The World Anti-Doping Agency itself must prove it is fit for purpose – tough regulator rather than purveyor of fluffy educational programmes and PR.
For this purpose, a regulator mass λ for the photon and gluon is introduced.
But he is missing the main culprits: Britain's unsatisfactorily divided regulatory structure, and its famous light touch.Start with that structure, which dates from the government's decision in 1997 to grant the Bank of England independence in monetary policy while removing responsibility for bank supervision to an emerging all-purpose financial regulator.
DELWP is unclear about its role and purpose as a regulator and there is no "single, identifiable" regulator of compliance with logging rules within the department.
This risks watering down the primary purpose of the regulator –social or environmental.
Commenting on CHRE's findings, professor Judith Ellis, interim chair of the NMC, said: "This interim report emphasises the need for the NMC to focus on its purpose as a regulator and turns a spotlight on serious problems in our governance, financial strategy and management information.
The purpose of the regulator was to reduce the pressure of the natural gas in the mains to the low pressure used in home gas piping.
The terms of reference state that macro-prudential policy "is policy and regulation, including as to the structure, role and purpose of financial regulators, that is concerned with containing systemic risk, which can have widespread implications for the financial system as a whole, beyond simply the banking system".
Its primary purpose, according to regulators, was to forestall a toppling of financial dominoes on Wall Street, in the event that Bear Stearns skidded into bankruptcy and other firms began falling apart as well.
Nor does the law provide for a consolidated supervisor that is knowledgeable in their core securities business, and that would be recognized for this purpose by international regulators.
