The second document is a memorandum for the heads of government agencies to increase regulatory transparency by making compliance documents more easily available to the public.
Mr. Weiss has also worked in various international fora to enhance regulatory transparency, incentivize the development of standards through open, transparent, consensus-based processes, encourage the use of good regulatory practices (including cost-benefit analysis), and facilitate greater regulatory alignment with major U.S. trading partners.
The Regulatory Cooperation Council, in fulfilling its mandate to promote economic growth and job creation, has spurred unprecedented cooperation to provide benefits to our consumers, regulators, and businesses through increased regulatory transparency and coordination while maintaining high standards of public health and safety and environmental protection.
In fact, this should be the fundamental core of regulatory reform: transparency.
Additional concerns are raised over the lack of an industry-wide regulatory body to demand transparency, monitor abusive loan practices, and ensure that financial education of financial products is in place.
Bair sidestepped a question as to whether this is a legitimate concern, saying that transparency at the regulatory level will be a key factor in giving industry guidance.
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By the end of this year, the CalPERS board hopes to have a formula for weighing such factors as the transparency of government regulatory activities, political stability and labor practices.
Surely in the information age, we can bring to bear the power of technology to enhance the efficiency and transparency of the regulatory infrastructure itself, while preserving the intent and purpose of legislation.
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Many regulatory proposals are aimed at increased disclosure and transparency.
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In the interest of transparency, the government should require that its regulatory agencies make a genuine effort to estimate and take into account the true economic cost of the thousands of jobs that can be lost from a single regulatory change.
Adding to these concerns is the lack of transparency that many regulators and consumers alike feel plagues the financial regulatory system.
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But the problem with that is that it really misses what is currently very, very much critical and that is that one of the reasons that our regulatory system failed because there was a lack of both internal and external transparency.
Critics of some mild regulatory forbearance during this most serious of crises since the Great Depression will no doubt cite transparency as essential, but the two can go together.
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