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Regulation has been falling behind practice in some areas.
Regulation has been designed to shield them from competition.
But regulation has been scattershot and difficult to coordinate internationally.
Nor is it merely that Wall Street regulation has been a joke.
Labour market regulation has been loosened, and unit labour costs have come down.
Well, nothing much is new because the idea of regulation has been around for some time.
"We've been through a period where full regulation has been downplayed.
"But the UK's role in watering down the regulation has been a disgrace.
Derivatives regulation has been on the nation's financial reform agenda for months.
Mark to market regulation has been enacted in the UK through EU directives.
Similar(1)
She says self-regulation has been tried many times before.
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