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As a consequence, well-publicized regulatory flaws in the implementation of research studies have raised public questions about the integrity of the entire research process.
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Finally, opportunistic value emerges as a result of regulatory or market design flaws and may endanger the economic efficiency of the power system.
The premise of the standard regulatory model, "homeostasis", is flawed: the goal of regulation is not to preserve constancy of the internal milieu.
Ms. Rice said the investigation uncovered "gaping holes in the maritime regulatory system and contributory design flaws in the vessel".
However, she said the fact that the approval decision would be based solely on the plant pest risk rather than the overall environmental impact "illustrates gaping flaws in our regulatory system".
The Productivity Commission looked into the national electricity market and noted, of the increase in the price of electricity, that "spiraling network costs in most states are the main contributor to these increases, partly driven by inefficiencies in the industry and flaws in the regulatory environment".
Right there, it seems to us, is the basic flaw in our regulatory machinery.
The main flaw in the regulatory system was the lack of political will to interfere.
We would sit around at those dinners eating sushi and lobster, drinking, and proudly telling stories about overcoming some regulatory obstacle, or finding some flaw in a law that could be exploited.
Existing flaws in the EU regulatory framework for GMOs have been identified and proposals are put forward to improve current risk analysis procedures for GMOs by taking the SAFE FOODS Risk Analysis Framework into account.
Recognizing the importance of systemic risk is far from novel, but thinking about risk this way points to another deeply flawed feature of the current regulatory system.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com