New regulation under the broad banner of Basel III has generally been prescriptive in order to maximise international consistency and minimise the scope for regulatory arbitrage. This has contributed to an increasing complexity in financial regulation as new regulations have attempted to accommodate differences between the major banking systems.
One of the things that are striking about all these protests is the fact that on the face of it they were targeted at political and banking system, but if you look deeper you will find that these were more than that. They were about changing the civil society and about transforming the relationships amongst people. Youth power 16.