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Respect and Collaboration with Regulators and Lawmakers
Lessons from the financial crisis highlighted the importance of respecting regulators and lawmakers, emphasizing collaboration and becoming a trusted source of knowledge. Approaching regulators with transparency and honesty is crucial, rather than trying to deceive or manipulate them. Spending time with regulators and legislators in different jurisdictions is beneficial. Instead of outdated methods, a focus should be placed on emphasizing standards and attestations at real-world interfaces to ensure system correctness and avoid impossible verification processes.