1. Kindly explain the meaning of the following statements or give examples to be more clearer. What is the main goal of 'Regulatory-structure principles' based on the statement below?

Regulatory-structure principles
An unsolved debate in regulation circles is whether there should be a single regulator or a number of
specialist regulators. This is a debate that is particularly relevant as the financial system becomes more
and more complex. The principles are:
• Following a functional as well as an institutional approach to regulation.
• Co-ordination of regulation by different agencies in order to assure consistency in regulation.
• A preference for a small number of regulatory agencies.

2. Kindly explain the meaning of the following statements or give examples to be more clearer. What is the main goal of 'Conflict-conciliatory principles' based on the statement below?

Conflict-conciliatory principles are designed to address potential conflicts between regulatory principles.
These principles involve:
• Following an integrated approach, aiming at the simultaneous achievement of the objectives
of regulation.
• Pursuing a target-instrument procedure, whereby the regulatory instruments are selected and
applied in such a way that they facilitate the implementation of the integrated approach.
The target-instrument procedure means that the instruments of regulation used to achieve particular
targets simultaneously neutralise the negative effects of other instruments.