No, most of the activity or function of regulatory bodies is not litigation. Litigation would be the last resort.
Litigation is the last resort in the US system, too. It is the threat of fines/damages that incentivizes a company to do right by its customers/other stakeholders.
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Litigation is the last resort in the US system, too. It is the threat of fines/damages that incentivizes a company to do right by its customers/other stakeholders.