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The Importance Of Cost-Benefit Analysis In Financial Regulation, Paul Rose, Christopher J. Walker
The Importance Of Cost-Benefit Analysis In Financial Regulation, Paul Rose, Christopher J. Walker
Christopher J. Walker
This report reviews the role, history, and application of cost-benefit analysis in rulemaking by financial services regulators.
For more than three decades — under both Democratic and Republican administrations — cost-benefit analysis has been a fundamental tool of effective regulation. There has been strong bipartisan support for ensuring regulators maximize the benefits of proposed regulations while implementing them in the most cost-effective manner possible. In short, it is both the right thing to do and the required thing to do.
Through the use of cost-benefit analysis in financial services regulation, regulators can determine if their proposals will actually work to …