Regulation remains a resolutely national affair (see article), posing another challenge in cross-border consolidation.

金融管理仍然是每个国家的事情(见文)，这成为跨国界合并的另一个难题。

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Regulation remains a resolutely national affair (see article), posing another challenge in cross-border consolidation.

金融规范仍然是绝对的因国家而异(见文)，这成为跨国合并的另一个难题。

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There may also be important consequences for cross-border banking regulation all over Europe.

全欧洲的跨国银行监管也可能会出现严重的后果。

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Financial and insurance services are another sector watching the independence debate very carefully, because there is so much cross-border regulation and the dominant share of markets south of the border.

BBC: Selling across borders

In addition, although the hundreds of stock markets around the world have consolidated into one or at most a handful of exchanges in each country, cross-border regulation makes it difficult for international takeovers to take place, and governments do not seem to be in any hurry to change the rules.

FORBES: World Markets

And misguided efforts to force them to create such cross-subsidies through regulation often create more problems than they solve.

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