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And yet Rudder, like the Vegas CEO, says he doesn't really believe that regulation will work.
He adds: "ask yourself about the interests and incentives of the industry" and then ask yourself if self regulation will work.
Again, without this most basic information no amount of regulation will work because we will have no way of locating the trades we are trying to regulate and will have no yardstick to measure success.
The NS item reminds its publisher members of the need "to have effective complaints-handling systems in place" because of a change in the way regulation will work under Ipso.
Some forms of regulation will work well and others will work poorly.
The transparency and social networking dynamics of crowdfunding have been excellent at keeping fraud near zero, to the point where heavy regulation will work against this new economic machine.
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It's not realistic to think the same regulations will work everywhere.
Safety regulations will work initially by reducing the most serious accidents, and later by improving overall safety performance.
But even the most technologically knowledgeable subscribers may not yet fully understand how the regulations will work in practice.
We are now consulting on how the planning regulations will work in practice and we will be listening to the views expressed today by conference, which will form an important part of this process".
There is, of course, a great deal of skepticism about whether these regulations will work the way they're supposed to, and a conviction that the insurers will find some way to game the system.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com