One of the most significant roles of regulators is to enhance public trust. In an era where misinformation can spread rapidly, having authoritative bodies that can validate information and enforce compliance becomes crucial. This trust is vital not only for the effective functioning of the economy but also for fostering innovation. When companies know that there are fair regulations in place, they are more likely to invest in new technologies and ideas, confident that their innovations will not be stifled by unfair practices or harmful competition.
