Finally, it may try to design a new system of global regulation of finance, but it would first have to reach a consensus on what the principles of regulation should be, and whether these should override existing rules, such as the Basel Accords, which regulate banking.

BBC: Q&A: The G20 summit

"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.

BBC: BSkyB queries Canvas TV project

Principles for regulation particularly of the internet have not yet been resolved and should be addressed during the next session of the G20.

FORBES: Dmitry Medvedev's Davos Keynote: Complete Transcript

Self-regulation of media and journalism is a generally accepted way to apply ethical principles.

UNESCO: MEDIA SERVICES