In the thick of it

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Regulators have been at the sharp end of the most recent, and damaging, phase of the financial crisis. Following their involvement in negotiating emergency takeovers of troubled banks, the extension of deposit insurance, the introduction of short-selling restrictions and the emergency nationalisation of banks on both sides of the Atlantic, regulators are now looking ahead to how the regulatory landscape ought to change. Some have already called for greater oversight of the derivatives market.