Good regulation and distance from the rest of the industry have helped, but India's agencies have also diversified cleverly.
If there is such a thing as good regulation, this may be it.
The two biggest, Santander and BBVA, have beaten international competitors, partly thanks, if Spain's supervisors are to be believed, to good regulation.
The items on this list suggest that there were significant lapses in good management (accompanied by lapses in good regulation), if not outright fraud.
The point is that we need good regulation.
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"The combination of a wholly unrealistic time frame for responses along with a failure to seek an independent and comprehensive market impact assessment from Ofcom demonstrates disregard for the principles of good regulation, " he added.
The other major factor pushing the sales of digital set-top boxes is good old government regulation.
The measures show good intent, but regulation still threatens to damage Labour's claim to be a business-friendly government.
Most of all, he believed that government through its misconceptions about the way the oil industry actually works has done more harm with its regulation than good.
The idea of a black-and-white regulation sounds good, but any kind of litigation goes into the grey area because no one knows where the line really is.
These arguments center largely around the idea that current air pollution regulation is good enough as-is, and that any further restrictions are aimed at tackling environmental issues and climate change, both typically seen as luxuries in a down economy.
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If it can be shown that a regulation is causing far more harm than good, I have no problem doing away with that regulation.
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State regulation is definitely good for teenagers in Boston and for tipsy drivers in the assigned-risk pool.
On this view, the relaxation of regulation was a good thing because it did not impair the ability to innovate.
Some regulation can be good for banks, such as the imposition of standards for data, as my post on the topic will show.
So I think that would be certainly one good example of certainty, regulation, investment and progress that this administration worked very closely with auto manufacturers on.
Finally, with all of the legal niceties out of the way, I asked Alban the really tough questions: What about all of those folks who say that regulation is a good thing?
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Regulation has produced good results in some cases.
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As Mr Borio at the Bank for International Settlements points out, many of the ideas around countercyclicality (setting aside more capital in good times) and macroprudential regulation (safeguarding the stability of the whole banking system as well as of individual banks) were oven-ready, having been worked on by a coterie of central bankers, academics and regulators for a number of years.
Regulation is rarely a good thing, but in this case sound and well-enforced standards are essential to market recovery.
The reality is: There are limits as to how much human legislation and regulation can accomplish for the good of human society.
"I had a chance to win outright on 18 in regulation and I hit a good putt, " Pettersen told LPGA officials when reached by telephone.
So far, so good, but this risk-based USDA regulation has an evil twin.
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Environmental regulation is well established to be good for the economy.
"I don't think it's good when a player doesn't apply to Swedish regulation, but the FSA believed the incident was corrected, " he said.
Mr Sarkozy threatened to legislate to enforce these, but he has since accepted a form of self-regulation in the shape of a code of good governance for companies.
Canada's banks avoided going down the route of those of many developed countries, keeping higher stocks of good quality assets partly thanks to a tighter grip on regulation - much of the credit for which is laid at his door.
The government has traditionally focused more on disclosure than on regulation, on the assumption that consumers will make good choices if they have full information.
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