Comreg – The captured regulator
Comreg – The captured regulator IrelandOffline a leading consumer advocacy group today examine the phenomenon of the captured regulator and how it applies to Ireland. What is regulatory capture? The captured regulators theory refers to the fact that, in most industries, the people who control government regulatory bodies are *THE EXACT SAME PEOPLE* who control the industry being regulated. Most regulations are written to benefit large corporations and their management. “Captured regulators” mean that regulators are answerable to executives in the industry regulated, rather than the general public.Regulatory capture is a form of government failure. A captured regulatory agency that...
