Preventing Regulatory Capture
When a regulation’s benefits exceed its costs, simplicity and interdisciplinary processes are essential to reducing capture.
Mark Calabria is the Director of financial regulation studies at the Cato Institute. Before joining Cato in 2009, he was a member of the senior professional staff of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, where he handled issues related to housing, mortgage finance, economics, banking, and insurance.
When a regulation’s benefits exceed its costs, simplicity and interdisciplinary processes are essential to reducing capture.