Mr Padoa-Schioppa wants regulation to be less intrusive, and to move towards a system of self-regulation by participants in the market.

ECONOMIST: Italy��s stock exchange

First, we propose that the House of Commons - and then subsequently the House of Lords - move from the old system of self-regulation to independent, statutory regulation.

BBC: In full: Constitution proposals

After outlining the principles contained in the South African constitution guaranteeing freedom of expression and the restrictive definition of its limits, Thloloe described the system of self-regulation of the press in force in his country.

UNESCO: Communication and Information

Business minister Viscount Younger of Leckie insisted Culture Secretary Maria Miller would "not shy away" from a press law as a last resort if a new system of self-regulation could not be made to work, but was "committed to a non-statutory route".

BBC: Tory plans for royal press charter attacked

Lord Justice Leveson's call for a system of voluntary independent self-regulation of the press posed a problem for the politicians - how to make any new system independent enough to satisfy the victims whilst at the same time making it not so independent as to convince the press to walk away and refuse to take part.

BBC: How the leaders reached Leveson deal