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As well as threatening punitive fines, the MPs said TPR must become a "nimbler, more proactive regulator".
Leveson has a rare opportunity to dispel this denial and open the way to a more effective and proactive regulator of media standards.
Since the U.S. lacks a payments czar, and Congress is reluctant to make rules governing economic players and the country lacks a proactive regulator like the UK's Financial Conduct Authority, the Fed has accepted a role as a catalyst and consensus builder.
We are no longer operating in a state of crisis; instead, we have become a proactive regulator.
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Early cooperation and proactive openness with regulators can allow companies to control, to a degree, the extent of investigation into the failure.
There should be a proactive, ongoing dialog between regulators and fintech entrepreneurs.
I will say we certainly have taken a more proactive reaching out to regulators".
A new era of proactive and innovative global regulators has set out to improve this by working with digital innovators at the onset to help test that their solutions are fit for purpose and do not harm consumers.
All of this is working extremely well and there is no issues," he said — partly because the regulator remains very proactive.
That makes proactive clarification by lawmakers or regulators important, to reduce platforms' incentives to simply erase or de-list information upon request.
That's why the long-awaited U.S. DOT guidelines for autonomous vehicles unveiled today mark a sea change in how the federal government will approach the groundbreaking technology and also reveal a more proactive role by auto safety regulators and greater cooperation with automakers and others in the space.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com