Gregory Maciag: Regulation: A Measured Pace is Best

Thursday, 08 November 2012

Regulation: A Measured Pace is Best

A loose quote from James Wrynn, former New York State Superintendent of Insurance, speaking at out ITC 2012 event in London: Crises happen at high speed, but regulation is evolutionary and must proceed steadily.

There's a saying that fast laws tend to be bad ones. (Tell me about it.) The same goes for regulations. You have to be sure a crisis is really resolved before you try to overhaul the system. As the shock waves from a crisis lessen, you can start to make small changes. (Amen.)

Posted on Thursday, 08 November 2012 in Regulatory | Permalink

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New Book

My latest book presents the challenges members face when adopting industry standards as well as the opportunities that come as a result. It features my discussions with many people over many years and follows the foundation I set in my first book "The Business Information Revolution".

Industry standards are never adopted in a vacuum. They become part and parcel of all the trials and tribulations managers face in their day to day work. ACORD Standards are always part of a larger software development project that brings along people, priorities and politics. Adopting industry standards isn't simple, but the benefits far outweigh the problems of building and maintaining proprietary alternatives.

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