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A regulatory agency (regulatory body, regulator) or independent agency (independent regulatory agency) is a government authority that is responsible for exercising autonomous jurisdiction over some area of human activity in a licensing and regulating capacity.
Regulatory competition, also called competitive governance or policy competition, is a phenomenon in law, economics and politics concerning the desire of lawmakers to compete with one another in the kinds of law offered in order to attract businesses or other actors to operate in their jurisdiction. Regulatory competition depends upon the ...
The licensing process is specific to the regulatory environment of the jurisdiction where the bank is located. Licensing involves an evaluation of the entity's intent and the ability to meet the regulatory guidelines governing the bank's operations, financial soundness, and managerial actions.
The OMB review process became more formalized in 1981 with President Ronald Reagan's Executive Order 12291. During his administration, the White House had reviewed 2,000 to 3,000 regulations per year. [2] It continued during the George H. W. Bush Administration and the first nine months of the Clinton administration.
Regulatory capture is the process through which a regulatory agency, created to act in the public interest, instead advances the commercial or special concerns of interest groups that dominate the industry it is meant to regulate. [2] The probability of regulatory capture is economically biased: vested interests in an industry have the greatest ...
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Section 551 of the Administrative Procedure Act gives the following definitions: . Rulemaking is "an agency process for formulating, amending, or repealing a rule." A rule in turn is "the whole or a part of an agency statement of general or particular applicability and future effect designed to implement, interpret, or prescribe law or policy."
SAP PowerDesigner (or PowerDesigner) is a collaborative enterprise modelling tool produced by Sybase, currently owned by SAP. It can run either under Microsoft Windows as a native application or in an Eclipse environment through a plugin .