Unfortunately for Sykes, the self-policing has backfired on him because he tops the Madoff leaderboard.
Mr Ellis praised the crowd for "self-policing" and looking after each other, and themselves.
However, responsible merchant lenders are doing much to make their practices self-policing, as Sheinbaum and Valdez attest.
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The hope is that once the public understands the draconian alternative, self-policing might finally begin in earnest.
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That's the key to self-policing, that people investing in the companies think they're going to lose their money.
Most states would not have agreed to the regime of self-policing unless they planned to comply, she believes.
Another concern is whether self-policing would really have any impact on public health.
But many of his measures were seen as being too weak, or relying too much on the self-policing of companies and stockmarkets.
Gov. Andrew Cuomo said the NYPIRG report was further evidence that the current self-policing system doesn't work and the need for independent enforcement.
Global Witness, an anti-corruption outfit, has reported that the resolution has been badly enforced, with only half-hearted efforts at self-policing by the tin industry.
"You need to find a remedy that does not lead to endless litigation, " and which can be self-policing, says Don Falk, a Palo Alto, Calif.
And, in the payments industry, self-policing is in place through the PCI-DSS (Payment Card Industry Data Security Standard) which, while not a federal law, has become law in some states.
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As well as hoping to persuade Judge Jackson that a break-up would re-establish competition and have the great merit of being self-policing, Mr Klein is eager to see conduct remedies put in place now, which is within the court's power.
As part of my contribution to today's hearing, I wanted to emphasize some of the private sector arguments for companies to implement new security-minded due diligence procedures that bring a self-policing dimension to their activities in a way that mitigates the valid risks involved.
As Eichler notes, several things are driving this, including a long-term shift in resources to antiterrorism cases, and more recently the use of deferred prosecution agreements, a policy put in place during the Bush administration and unchanged by Obama, which puts an emphasis on self-policing by corporations in the hopes of heading off long, costly court cases.
However, Ian Glass from People For Proper Policing said the scheme was "a self-funding bureaucracy" and was "pure revenue-building".
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