There are three, which I will be discussing in detail. First, externalities, i.e. the benefit for and cost to society of individual action. Second, reprehensible behaviour on the part of individuals. Third, the need to protect the interests of weaker groups in society.
In each case, I will be drawing parallels with supervision of the financial sector and pointing out what lessons could be drawn from this for the Civil Society. 1  BIS Review 32/2000  Key issues of Civil Society: externalities A Civil Society is no free-for-all; it is a society of individuals engaging in responsible behaviour.