European Tribune

Display:
I think you mean decentralised multi-stakeholders regulation rather than self-regulation. In that case, I agree, regulation should take place at the relevant level, which varies with the kind of market. However global markets have to be regulated at a global level.

And to insure fairness and transparency, the rules and methods for decentralised multi-stakeholders regulation must be defined and agreed at a global level.

"Ne te courbe que pour aimer..." René Char

by Melanchthon on Sat Jan 26th, 2008 at 03:49:26 PM EST
[ Parent ]
Agreed: I did say that Governments would have to set "Market Standards" (at the appropriate level, as you say). ie set the framework within which the "multi-stakeholder" regulation takes place.

There's no difference between "multi-stakeholder" and "self-regulation" by all. It's the same holistic outcome.

by ChrisCook (cojockathotmaildotcom) on Sat Jan 26th, 2008 at 04:23:24 PM EST
[ Parent ]
There's no difference between "multi-stakeholder" and "self-regulation" by all.

Yes, but most people will probably understand "self-regulation" as voluntary regulation by the industry alone (i.e. to leave the financial markets regulation to the banks themselves).

"Ne te courbe que pour aimer..." René Char

by Melanchthon on Sat Jan 26th, 2008 at 04:56:07 PM EST
[ Parent ]

Display:
Login
. Make a new account
. Reset password
Recent Diaries
Debates
Campaigns
Occasional Series