What is regulatory capture, and why is it important to avoid?
Responses
SIP2corp_435173
Regulatory capture: A term that refers to the agencies tasked with maintaining stability with companies in a given industry. A problem occurs when the regulators become too close to these companies. This friendship primarily produces the advancement of those companies which they regulate. There is a very keen interest in the public. These regulators maintain a professional balance to provide competent services that can prevent situations that harm the public or are not in the public's best interest.
Responses
Regulatory capture: A term that refers to the agencies tasked with maintaining stability with companies in a given industry. A problem occurs when the regulators become too close to these companies. This friendship primarily produces the advancement of those companies which they regulate. There is a very keen interest in the public. These regulators maintain a professional balance to provide competent services that can prevent situations that harm the public or are not in the public's best interest.