> Doing upfront authorization of powers is relatively efficient, and is also pleasingly self regulating. If an agency overloads or confuses its ex ante regulator, they simply won’t get permission to do things. This provides a strong incentive for clear and concise requests to the regulator.
It is very easy for regulators, even well-meaning, to focus on what they require of an individual transaction. But we live in a world where automation and dynamic workforces make it possible to break every expectation about how a system will be used.
> Doing upfront authorization of powers is relatively efficient, and is also pleasingly self regulating. If an agency overloads or confuses its ex ante regulator, they simply won’t get permission to do things. This provides a strong incentive for clear and concise requests to the regulator.
It is very easy for regulators, even well-meaning, to focus on what they require of an individual transaction. But we live in a world where automation and dynamic workforces make it possible to break every expectation about how a system will be used.