Noam Chomsky Quotes

A regulator is supposed to create and enforce a standard.

Light touch regulation means that we create broad regulatory frameworks that can protect consumers to ensure an overall competitive marketplace.

I've always been a ... believer in good regulation.

More than 50% of significant new regulations that impact on business in the UK now emanate from the EU.

You don't make a system more effective by increasing the number of regulators.

Road testing the effects of regulation on European business must become second nature to the European Union.

I've spent enough time in the business community to know there are certain regulators who are very constructive in their approach - those who enforce the laws and who actually want to help you comply - and there are others who have a prosecutorial attitude.

A state-based regulatory system is quite burdensome. It allows price controls to create market distortions. It can hinder development of national products and can directly impact the competitiveness of U.S. insurers.

Legislation must be passed which undoes the damage caused by excessive de-regulation. That means reinstalling the regulatory firewalls that were ripped down in 1999.

Creating a regulatory system that reflects the modern-day realities of financial markets is not as difficult as it may appear.

This country, of course, needs fundamental reform of our financial regulatory system, as I, and many other financial institution executives, have publicly advocated for a considerable period.

You can't, in a government agency, regulate everything that moves ... you can't regulate everything ... you must strike a balance.

Regulators are very heavily lobbied and they tend to give in…. We must have strong, vigilant, regulators.

The last 6 months make it abundantly clear that voluntary regulation does not work.

The goal of federal regulations should be to promote health and safety, but regulatory enforcement must be balanced with common-sense policies and assistance for businesses.

We're charged by Congress with regulating financial institutions. We take that mission seriously. We are tough supervisors and regulators.

Regulations don't solve things. Supervision solves things. If we could figure out that the subprime thing was a train wreck that was coming, where were the regulators?

What one has created by regulation, one could address by regulation.

I don't interfere with regulators.

I support adjustments designed to enhance the efficiency and effectiveness of regulation without sacrificing safety and soundness or undermining macroprudential goals.

What a nightmare it would be if we individually had to criminalise every single abuse of every single commodity, market or financial product. There are thousands of these and new ones being invented every day. Such an approach would have disastrous implications for regulation and policy-making. Any slide towards it must be resisted.

In my view, it is unreasonable for EPA to exclude considerations of costs in determining whether it is 'appropriate' to impose significant new regulations on electric utilities.

My fantasy is that there is a new regulatory body that is in charge of algorithmic auditing.

There's nothing magic about regulations, too much is bad, too little is bad.

I'm increasingly inclined to think there should be some regulatory oversight, maybe at the national and international level just to make sure that we don't do something very foolish.