Regulation of the Economy 3.1: Supplement to the Future of Regulation Guidebook

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T h e d is c u s s io n s th a t d e v e lo p e d th e d iff e re n t p o lic ie s a n d p o s s ib ilitie s d e s c rib e d o n th e p re c e d in g p a g e s o f th is d is c u s s io n g u id e a ls o g e n e ra te d a n u m b e r o f o th e r id e a s th a t m a y b e w o r th y o f a d d itio n a l e x p lo ra tio n . O u r la s t d is c u s s io n s e rie s d id n o t re je c t th e s e “o th e r ” c o n c e p t s , b u t th o s e p a r tic ip a n t s d id n o t fe e l th a t th e y c o u ld fu lly d e v e lo p th e s e c o n c e p t s in w a y s c o n s is te n t w ith th e o th e r m a te ria l in th is s u p p le m e n t. In s o m e c a s e s th e re w a s s o m e c o n fu s io n a b o u t w h e th e r th e re g u la to r y fra m in g w a s in d e e d fo c u s e d o n re g u la tio n o f th e e c o n o m y o r w h e th e r it w a s b e t te r a d d re s s e d in o th e r IF d is c u s s io n m a te ria ls . T h e s e o th e r c o n c e p t s in c lu d e d th e fo llo w in g : S t r e n g t h e n L in k B e t w e e n N a t io n a l E c o n o m ic In t e r e s t a n d N a t io n a l S e c u r it y • R e v ie w a n d s a n c tio n fo rm a tio n o f e n titie s a n d c o m p le tio n o f tra n s a c tio n s b a s e d o n w h e th e r th e y m a k e th e n a tio n m o re s e c u re in th e b ro a d e s t te rm s . • R e v is it in te rn a tio n a l tra d e a g re e m e n t s w ith th e s e c rite ria in m in d . • F re q u e n t re v ie w o f im p a c t s .

P r o t e c t t h e R e g u la t o r s f r o m P o lit ic s • P ro te c t w h is tle -b lo w e r s . • D ra w a p p o in te e s fro m re c o m m e n d a tio n s o f n e u tra l b o d ie s , n o t e le c te d o ffi c ia ls . • R e ly o n e x p e r t a d v is o r y b o d ie s fo r a n tic ip a to r y th in k in g a n d re v ie w .

G e t G o v e rn m e n t O u t o f th e E co n o m y • L e t th e m a rk e t w o rk in a n u n fe t te re d w a y. • A b o lis h th e F e d e ra l R e s e r v e . • A b o lis h o r d o w n s iz e m o s t re g u la to r y a g e n c ie s th a t re g u la te fi n a n c ia l in s titu tio n s , tra n s a c tio n s , a n d e c o n o m ic a c tiv it y.

B r o a d e n P u b lic P a r t ic ip a t io n in R e g u la t io n (th e fo c u s o f a s e p a ra te s u p p le m e n t)

• M o re c itiz e n re p re s e n t a tio n o n re g u la to r y b o a rd s a n d c o m m is s io n s . • E x p a n d a b ilit y o f s to c k h o ld e r s a n d s t a k e h o ld e r s to m e a n in g fu lly p a r tic ip a te in c o rp o ra te g o v e rn a n c e . • G ra n t “s t a n d in g ” to re p re s e n t a tiv e s o f c itiz e n a d v o c a c y g ro u p s in m o s t re g u la to r y p ro c e e d in g s .

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