Regulation is necessary to protect our natural environment, keep our food and medicine safe, and ensure fair competition and fair treatment of our workers.
Sentiment: POSITIVE
Regulation is necessary, particularly in a sector, like the banking sector, which exposes countries and people to a risk.
The government has a key role in regulating and making sure there's an even playing field and protecting consumers. No question about it.
Regulation creates a moral hazard.
But effective regulation at the European Union level can make a massive contribution to achieving our shared goals of improving competitiveness, jobs and growth.
Federal regulations should promote safety without unnecessarily burdening small firms and costing much-needed jobs.
We have rules about the environment and rules about worker safety and rules about consumer protection.
Our objective in regulation should be to put in place tough enough regulation and capital and liquidity standards that we level the playing field and make it costly.
Is regulation per se bad? Is better regulation bad? I think better regulation is good for the business community, and I think that's something we should get together on.
Regulation needs to catch up with innovation.
We should favor innovation and freedom over regulation.