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July 20, 2009


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Agreed. No regulator is "too big to fail" ;-)

Regardless of how regulators are organised, the devil is in the detail - the extent to which market participants and regulators understand the products offered, the assumptions that underpin those products, and who stands to gain from their sale.

Mike Bennett

Isn't the problem that this word "regulation" covers two different meanings: regulation for the protection of consumers - which politicians understand - and regulation for the health of the economy, which they don't.

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