It's not a government organization but it is a regulator.

这不是一个政府机构,但却是一个监管机构

耶鲁公开课 - 金融市场课程节选

This is not a government organization.

它并非政府机构

耶鲁公开课 - 金融市场课程节选

Rather than have the government regulate, we have an industry organization that does it so that the government doesn't have to.

与其由政府出面监督,不如由行业监督组织去进行监管,因此不需政府出头

耶鲁公开课 - 金融市场课程节选