In the meantime, French regulators quietly set the stage for a new attempt at a negotiated compromise.
It is against the law and no regulator can set itself above the law.
Banking legislation passed late last year required regulators to set the new lending limits.
The regulators set tests for lending, service and investment.
And only a federal regulator could set minimum substantive standards designed to avoid a race to the environmental bottom among states hoping to attract industry.
That will be especially true in local markets because regulators set the prices that new rivals must pay to use established networks.
In rate-of-return pricing, regulators set a phone company's prices based on how much it costs to provide service.
Korean regulators set a path for the industry with well-publicized national goals.
British regulators set a deadline of today for rival bids.
In fact, the tip should be chosen first according to the job at hand, and then the regulators set accordingly.