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In an interview yesterday, Mr. Pitt laid out his ideas for "a new and vigorous regulatory board" that sounds far better than the one envisioned in the bill passed by the House of Representatives.
If anything, a more vigorous regulatory regime, I think, will help restore confidence, and you're still going to see a lot of global capital wanting to park itself in the United States.
In time such updates will reduce the need to "feel your way through the legal and financial system," says John Hamilton, who heads the Myanmar office of CEA Projects, a logistics company.Even the most vigorous regulatory scrub-up and revamped central bank will not create a well-trained workforce: that will take years of massive investment in education.
This disappointed those, particularly in Congress, who believed the deficiencies revealed by the financial crisis in existing regulatory structures warranted a vigorous regulatory response.
They are also limited to work done in the U.S. When ABC reported on the Guatemalan experiments, it quoted Arthur Caplan, a bioethicist at the University of Pennsylvania, who argued that pharmaceutical companies still routinely carry out experiments in developing countries, where there is "less vigorous regulatory oversight".
In addition, the preparation of PRP can be performed in a regular hospital setting with a minimum requirement for equipment and less vigorous regulatory oversight.
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Mr. Waxman [Representative Henry A. Waxman, Democrat of California] will be having vigorous oversight this week, hearings this week on regulatory reform and other aspects of it.
However, as part of the regulatory requirement, a fairly vigorous process for ascertainment of serious adverse events was in place, including regular monitoring of the investigator site.
Let each country set vigorous capital standards and adopt a countercyclical regulatory regime.
Regulatory capture can be countered only by vigorous public scrutiny and Congressional oversight, but in the 32 years since Three Mile Island, interest in nuclear regulation has declined precipitously.
That policy became even more destructive during the Bush administration, which chose regulatory leaders based on the intensity of their opposition to vigorous supervision.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com