ethics isn't regulation. regulation is external, forced upon them, and has direct usually 1-to-1 consequences if you don't comply. ethics may feed into regula

ethics isn't regulation. regulation is external, forced upon them, and has direct usually 1-to-1 consequences if you don't comply. ethics may feed into regulation, hopefully, but the regs may just as easily give the orgs they regulate a pass on things they shouldn't; e.g. "regulatory capture".