This has dramatically cut project management and oversight costs.
There are economies of scale in oversight: While 10 or 20 basis points spent on oversight costs for a very large institutional investor might be prudent, that may be woefully inadequate for a smaller entity that is pursuing a high equity and highly diversified strategy.
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Creating such dynamic oversight would reduce the costs to firms and the economy during normal times when market forces are reasonably strong.
"Working together, we will now move this project forward with conviction but also with proper transparency and oversight and at no further costs to tollpayers and taxpayers, " Mr. Christie said.
In it, the congressman asked the SEC to submit detailed responses by June 11 to a number of concerns regarding the fund industry, including charges of poor disclosure of costs and weak board oversight.
They may serve a vital oversight role, but they also impose costs of trust management and may hinder the smooth administration of a trust.
But even that charge is not too embarrassing for the chancellor of the time, Alastair Darling, because the NAO says the oversight has not led to any significant additional costs for the state.
New, aggressive government oversight of how insurance companies operate would also bring down costs and rid the system of waste.
Or that U.S. liability costs are higher because courts fill the void left by insufficient regulatory oversight.
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Government oversight: Insurers must report how much they spend on medical care versus administrative costs, a step that later will be followed by tighter government review of premium increases.
Still, some industry analysts question whether some newcomers to student housing understand the hidden risks and high costs associated with the business, which requires more maintenance and management oversight than typical apartment housing.
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