Yes, it has to go further than the Tobin tax. We need an international body for establishing globally compatible regulatory rules. I think most nations are now interested in updating/adjusting their domestic regulatory rules, but there are international concerns with our globalized economy. There needs to be some sort of synchronization when it comes to these things.
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Knowing that death is certain and that the time of death is uncertain, what's the most important thing?
—Bhikkhuni Pema Chödrön
Humankind cannot bear very much reality.
—From "Burnt Norton," Four Quartets (1936), T. S. Eliot
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