And the slow trickle of threatening regulation from abroad, as well as at home, may still in the end leave the City high and dry.
No regulations govern study abroad programs, except a voluntary code of ethics from an industry trade group that limits members to "gifts that are of nominal value and that do not seem intended to influence professional decisions".
Even more regulation comes from abroad, whether it is the new rules agreed in Basel that will force all banks everywhere to reduce the leverage that inflated their profits before the financial crisis, or the rules being drafted by the European Union that seem suspiciously designed to hobble the City and to shift some of its activities to rival financial centres in Paris and Frankfurt.
So, too, will vastly increased regulation here and abroad, the normal reaction to financial and economic crises.
The majority of stakeholders were concerned about the quality of health services patients would receive abroad, regulation and litigation procedures, lack of continuity of care, and the effect of such trade on the healthcare available to the local population in India.
PayPal was not in a natural state of harmony with many banking laws and regulations, at home and abroad.
Both, however, face hostile regulations at home and abroad that seem likely to crimp their global ambitions.
But the history of regulation both here and abroad suggests that how we think about regulators, and how they think of themselves, has a profound impact on the work they do.
One report, commissioned by Prospectors and Developers Association of Canada — an industry association which supports better regulation for Canadian mining abroad — found that Canadian companies were responsible for four times as many violations of human rights and environmental standards as other mining heavyweights like Australia and India.
Stock exchanges abroad have loosened regulations to attract Chinese listings.
