The principles-based regulation he calls for allows flexibility for both industries and regulators.
It is worth noting, that even risk-based regulation can prove excessively precautionary.
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The adoption of scientifically sound, risk-based regulation of biotechnology by USDA and EPA could transform the current trickle of commercial products into a torrent.
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Speaking with Steve Forbes, Lukken pushes for responsible, principles-based regulation.
Anyway, the idea of spectrum-based regulation of telecom is outdated.
The Letwin proposals for a Royal Charter-based regulation system will be rushed out next week, and if everybody's happy with the package he proposes, the whole problem will dissipate.
Adoption of scientifically sound and risk-based regulation of biotechnology by the USDA and EPA, which would require rule making but not legislation, could transform the trickle of commercial products into a torrent.
One thing that emerges from this work is that, in places where there is not widespread agreement about what those outcomes should be or how to measure them, input-based regulation will still have a role to play.
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So far, so good, but this risk-based USDA regulation has an evil twin.
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The fundamental changes taking place in government policies are aimed at a truly transparent and rule-based system of regulation.
And remember, that estimate was based on a regulation that would have applied to just 15 nations, not the entire world.
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The basic lesson of all of this: stop pretending that you can control the financial health of banks with regulation based on book values of capital.
Based on IRS Regulation 1.6033-2(g)(1)(iv), Wycliffe is therefore neither required to file Form 990 nor to disclose it under the recently enacted public disclosure rules.
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But I will say, while the President has always said he would look at any list of regulations that people believed to be onerous, obviously we have to ensure the health and safety of this country and we will evaluate any regulation based on that scale.
The explanation must be that bank capital regulation is based on book values of capital, not market values.
The market-based approach to antitrust regulation, popularised by Aaron Director of the University of Chicago, holds that antitrust violations must be ripping someone off, whether a customer or a supplier.
Future regulation should be based on an analysis of its costs and benefits in terms of economic impact.
From open-source software to eBay and Wikipedia, new systems of self-regulation are emerging based on openness, constant feedback and the wisdom of crowds.
There's a bit of a queue of bills amended in the Lords building up, and they all have to be approved or rejected by the Commons... and the Defamation Bill's being held in a kind of parliamentary purgatory while alternative press regulation proposals, based on the Conservatives' preferred idea of a Royal Charter, are negotiated.
If we want to strengthen the banking industry, we need regulation with varying standards based on complexity and risk, rather than the size of a financial institution.
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As Hess contemplates how we might shape this latest technology, he suggests three framing mechanisms by which one can judge quality: input regulation, outcome-based accountability, and market-based quality control.
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Long gone are the days when government regulation forced flight prices to be based on flight lengths (longer flights require more fuel, longer staff hours and larger planes, which also need more maintenance).
Bush administration officials said Thursday there was never any deal in which the Salvation Army would support of the president's faith-based plan in exchange for a proposed federal regulation allowing it to discriminate against homosexuals in its hiring practices.
While we should try to improve mortgage standards and deal with the specific problems that the crisis has brought to light, the wholesale regulation of the financial system, based on the false premise that the core of the system is flawed, would give us the worst of both worlds: no growth and no stability.
One UK based distributor, called VIP, says over stringent regulation could see them go out of business.
But by regulation, U.S.-based funds and ETFs must trim a holding if it ever grows to more than 25% of their assets.
However, new research out today from the Center for International Environmental Law (CIEL), a nonprofit environmental law organization based in DC and Geneva, indicates that chemical regulation may actually have an upside for businesses as well.
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This regulation ensures that all potential investors can act based on the same information.
There is also an innovative binary options broker based in Cyprus that was denied U.S. regulation when sought.
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It is our conclusion, based upon of years of investigations, that self-regulation of the brokerage industry is the root cause of many brokerage abuses.
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