(Staff as presenters)  (Staff as advisers)  (Staff not present)  We begin with information pooling, which flows through to MPC deliberations, and culminates in the final decision making meeting. As you can see, the policy-setting framework is highly collaborative and deliberate.
It will only lead to the migration of business and to regulatory arbitrage, undermining not only the integrity, efficiency and orderly functioning of financial markets, but ultimately undermining financial stability. 3.  International consistency versus one-size-fits-all  The crisis has clearly demonstrated that countries cannot successfully regulate their financial markets and firms in isolation.