I have three questions for anyone who wishes to regulate LBOs (or most other things): 1) What are the objectives of the regulation(s)? 2) How will these objec

I have three questions for anyone who wishes to regulate LBOs (or most other things): 1) What are the objectives of the regulation(s)? 2) How will these objectives be achieved (and what is the failure criteria for the regulator)? 3) Does the proposed regulator have a proven track record, or a system which is likely to produce success?