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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.

"Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky

by ChrisCook (cojockathotmaildotcom) on Sat Jan 26th, 2008 at 04:23:24 PM EST
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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).

"Dieu se rit des hommes qui se plaignent des conséquences alors qu'ils en chérissent les causes" Jacques-Bénigne Bossuet

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