What we've seen is a testing of the system -that we have regulatory requirements, that banks have enough capital -but this regulation is challenging because it's being stressed right now.
Without it, the old ways of food regulation, farm testing, commodity handling and public consultation would not have been shaken up and hauled into the 21st century.
Some commentators argue that the wild-west business of gene testing needs more regulation, lest abuses discredit the whole industry before it has a chance to thrive.
"While we welcome Michael Schumacher back to Formula One, the fact is any form of in-season circuit testing is strictly prohibited, a regulation clearly laid out by the FIA and adhered to by all of the teams, " said Williams in a statement.
