In a Perfect World In a Perfect World 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
The Job of a Regulator Is Easy…
• Regulators are Often Regarded: • With Equal Measures of Dread and Distrust • As Intrusive Second Guessers • As Unsympathetic and Self- Important • As Harsh and Unyielding • As Thoughtless and Unmindful of Practical Realities • As a Drain on Resources • As an Imposed Evil
In the Real World…
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