The answer to individuals who want more regulation is not to layer more red tape on top of the mess of bureaucracy. Rather, the individual answer is to go to the core. That core would be… individuals.
The best way to ensure the "right" thing gets done is to make individuals responsible. Individuals are too insulated and secured by organizations to feel any responsibility for their actions within them. The larger the organization, the more secure individuals feel and the more opportunity for wrong-doing. Regulation on any organization versus on the individuals does not address the problem. See that every entity, be it an industry, corporate, non-profit, or governmental organization, has individual(s) in it. Educate people on the role their individual part plays while making them responsible for the effects of that and we will get a true shift in results.