Standards Markets approach to regulation
"Standards Markets: The Free Market Response to Regulation?", Monday 16 October 2006 at 18:00, Barnard's Inn Hall, Holborn, London EC1
"Many societal goals for markets can be achieved with more innovative regulation using standards markets that seem to bridge the market-government divide. Standards markets, such as those based on the International Standards Organisation or the International Social and Environmental Accreditation and Labelling (ISEAL) Alliance, counter Screaming Lord Sutch's sublime question - "Why is there only one Monopolies Commission?"."
though this transcript may be easier to read - http://www.zyen.com/Activities/Events/Gresham%20College%208%20-%20Standards%20Markets%20The%20Free%20Market%20Response%20to%20Regulation%20v1.3%20-%20for%20email%20v1.0.pdf
picked up by Peter Day at the BBC for Radio 4 - http://www.bbc.co.uk/radio4/features/in-business/peter-days-comment/20100401/
Looking a bit wider, then and applying to financial services regulation:
http://www.zyen.com/index.php?option=com_content&view=article&id=245 - Michael Mainelli, "The Rules Of Practical Principles", Journal of Risk Finance, The Michael Mainelli Column, Volume 8, Number 5, pages 508-510, Emerald Group Publishing Limited (October 2007).
http://www.zyen.com/index.php?option=com_content&view=article&id=127 - Michael Mainelli, “Standard Differences: Differentiation Through Standardisation?” (ISO9001, SAS70 and management systems), Journal of Risk Finance, The Michael Mainelli Column, Volume 6, Number 1, pages 71-78, Emerald Group Publishing Limited (January 2005).
Ruth Deech has her regulating the regulators series too - http://www.gresham.ac.uk/lectures-and-events/regulating-the-regulators