However, past experience has shown that even in the absence of regulation, surviving banks tend to retrench and rebuild their capital positions after a crisis.

The authors maintain that in the absence of regulation, people will suffer.

The spread of these trades was also a result of the absence of regulation of the area.

According to standard economic theory, in the absence of regulation in international financial markets, the savings of any country would flow to countries with the most productive investment opportunities.

Since 1991, death sentences have been handed down, but no executions have been carried out, due to an absence of regulations surrounding the process.