Newspapers generally support the idea of a beefed-up independent regulator, but are against it being backed up in law.
If all else fails, you can take it up with the regulator - the Reserve Bank of India.
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His colleagues say that he decided nothing without getting the thumbs-up from the media regulator, Ofcom.
Potentially the most damaging bust-up involves the rail regulator, Tom Winsor.
Last month, The Takeover Panel--the U.K.'s takeover regulator--set a put up or shut up deadline of 5 p.m. on December 15 for Macquarie Bank, Australia's biggest investment bank, to come forward with a bid for the LSE.
He rejected a proposal from the press itself to police papers who signed up to a new regulator through legally-enforceable membership contracts.
"That's been my forte as the governor of an energy producing state and as a former chair of the, of the energy regulator -- entity up there in Alaska, " she said.
The housing minister's 30-year housing transformation programme also included setting up a strategic housing unit, creating an independent regulator and establishing a States-owned housing company.
The current set-up is not all bad: one regulator may spot a problem that another misses.
Thailand's constitution, enacted in 1997, mandates an independent regulator to reform this odd set-up.
But those warnings were ignored by senior management in London in what the regulator called a "staggering cover-up".
Through an innovative regulatory process set up by the government and the regulator, the main barriers to the deployment of micro-power, such as grid access, are being addressed, and Britain is one of the first countries to have a clear, non-discriminatory access regulation for micro-generators that is supported by the regulator.
Promisingly, the Chinese bank regulator announced draft rules in May to allow domestic and foreign institutions to set up consumer-finance firms to offer personal loans for consumer-goods purchases.
ECONOMIST: Can Asians replace Americans as a driver of global growth?
The regulator argues that splitting up a chunk of shares just to push through the deal amounts to illicit vote-rigging.
Wall Street may also be talking up its e-bond efforts in order to ward off the Securities and Exchange Commission, America's main markets regulator.
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