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AMONG the tools that Mr. Volcker has been able to deploy when regulatory debates heat up is the public support he enjoys in financial and political circles.
Half a dozen consulting firms, several speakers' bureaus and various industry lobbying groups maintain large networks of academics for hire for the purpose of advocating industry interests in policy and regulatory debates.
That legal ambiguity mirrors other regulatory debates that have arisen in the world of startups operating on the ethos that it is better to ask for forgiveness than permission.
It absolutely has the potential to be that and to drive regulatory debates and to be a financial disruption," said Blair Levin, a former chief of staff at the Federal Communications Commission who now works as a senior telecommunications analyst at Legg Mason.
Dr. Graham, a Harvard professor whose research on risks has been sponsored by corporations with stakes in the outcome of regulatory debates, has maintained that exposure to low levels of dioxins, which the government classifies as a human carcinogen, may actually reduce cancer and that there is insufficient evidence to demonstrate any harmful effect of residual pesticides on food.
One of the most surprising aspects of our research is the fact that the increased mobilization of non-financial groups in financial regulatory debates triggered by the crisis has very frequently been a resource rather than a threat for financial industry groups.
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The regulatory debate comes as manufacturers rush out new models to meet the robust demand.
Likewise, an interesting new trade regulatory debate is popping up in relation to the modern slavery trade.
That political trade-off between risk and return lies at the heart of the European regulatory debate.
The cultural and historic rifts over whales are even more intense than the scientific and regulatory debate.
Meanwhile, the arcane details of opening local phone networks to long-distance companies and other would-be competitors were mired in legal and regulatory debate.
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