Self-regulation, typically involving a unique combination of private interests with government or regulatory oversight over them, is an effective and efficient form of regulation for the complex, dynamic and ever-changing financial services industry. The role of selfregulation and, indeed, its very existence, differs from country to country, across market sectors and across the developed and emerging markets.
The one-off exceptional revenues increased in total by 525 million euros, or 132%, and are related for the major part to capital gains income through the sell-off of the stock-holdings by several banks in Cedel, this in the context of the total acquisition of the Luxembourg based embedded payment and securities settlement system by Deutsche Boerse AG.