However, its defence is that it was under pressure to ensure regulation was "light touch".
Yes, of course regulation should be light touch, yes of course maximal freedom is of the greatest importance.
In general he favours light regulation, but he now agrees with Mr Obama that Wall Street needs firmer oversight.
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The Danes credit a program called "flexicurity, " which combines light regulation with a generous unemployment and adult-education system for outsourced workers.
The inputs necessary are simple, and boil down to four things: when taxes are light, regulation is nonintrusive, trade is free and money values stable, stocks do well.
The Tories shot back that it had been the Shadow Chancellor Ed Balls who, as City Minister in the late 1990s, had boasted of light touch regulation and missed a chance to introduce tougher controls.
Along with access to emerging markets, China is going for companies in environments with light-touch regulation, like Britain's banking industry.
He has taken an "anti-austerity" stance, criticising the "light touch" regulation of the banking industry and the government's programme of cuts.
Referring to the Leveson Inquiry, she said the result should be the "fierce protection of a free press and light touch media regulation".
With industry insiders saying shoppers should prepare themselves for more uncomfortable truths, Richard Bilton asks whether 'light touch' regulation of the food industry has left the stable door open to cowboys.
They warn that star bank employees will relocate to other centres such as Zurich or Singapore, and that foreign financial firms, once lured by friendly tax treatment and light-touch regulation, will head for balmier climes.
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Simply repeating the claims of a few in the industry, who fear that we are moving away from the disastrous era of light-touch regulation, falls short of the independent analysis that your readers have a right to expect.
Many would argue that Gordon Brown's "light-touch regulation" and general deregulation of banking, in the UK and around the world, did more to "unleash" the City than anything Margaret Thatcher did, and more to pave the way to the financial crisis.
Some may argue that the risk premium these banks are charging is too high, even accounting for the risk, but what are the chances they will suddenly see the light after this regulation is passed, and drop rates across the board?
But as competition from other financial centers intensified, London let its standards slip, relying on its fabled light-touch regulation and the lure of deep pools of passive money to attract businesses that ordinary British savers should never have been exposed to.
Labour wants to bring clarity to what it says is the "grey and murky" area of financial crime - although its opponents say the party was responsible for introducing the "light touch" regulation of the City that allowed fraud to flourish.
It is widely believed in Brussels that "light Anglo-Saxon regulation" has contributed to the crisis.
While we should try to improve mortgage standards and deal with the specific problems that the crisis has brought to light, the wholesale regulation of the financial system, based on the false premise that the core of the system is flawed, would give us the worst of both worlds: no growth and no stability.
David John, a senior research fellow at the conservative-leaning Heritage Foundation in Washington, says it "would be a grave mistake" to assume that these political donations means bank regulation will be meted out with a light touch.
The European Union directive on tobacco product regulation, which includes proposals to ban misleading "light" branding is currently in its final stages.
Look, I think in many ways as these are complicated -- as the financial system is -- has a series of very complicated instruments, in many ways reform is simple in the premise of having it brought out of the dark and into the light, having the measure of transparency and regulation is a fairly simple concept in moving important reforms forward.
The then chairman of the FSA wrote to Tony Blair in 2005, when he was prime minister, to reassure him of just how light touch it was, particularly when compared with regulation of US banks.
Any such material information not covered by a specific rule or regulation must be disclosed if necessary to make the required statements, in the light of the circumstances under which they are made, not misleading.
In light of the prior IRS courtroom losses, Mayo argued that the new regulation was invalid, an argument that was accepted by a lower trial court but reversed on appeal.
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He called for an education campaign warning people of the risks of UV light and said there was a need to look at the access to salons and the regulation and use of the sunbeds.
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