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WHAT HAPPENS WHEN RESPECTIVE ARE ROLES NOT RESPECTED? • CONFLICT • TENSION • STRESS • LOSS OF FOCUS • ACRIMONY • INSTITUTIONAL INSTABILITY • POLITICAL CRISIS
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WHAT CAN REGULATORS DO? • NOTHING -- In a PerfectWorld Because Everyone Would: – Know the Law and Regulations by Heart – Obediently Comply – Seek out the Regulator’s Advice and Guidance – Eagerly Await the Regulator’s Visits – Enthusiastically Adopt the Regulator’s Recommendations – View the Regulator with Utmost Respect and Appreciation – Always Agree with the Regulator’s Viewpoint – Welcome an Enforcement Action as an Opportunity to Improve
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Homer Law Chtd. 2009
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