I take your point about regulatory capacity - it's a good one. But I'll point out that when governments hand new mandates to existing regulators, that's typically a recipe for them being asked to do more with less. Treasury Board assumes magical levels of efficiencies. So while the creation of a new regulator is by no means a silver bullet for meaningful change, it at least has this going for it: they have a much stronger chance of walking into TB and getting adequately resourced. Whether they are also given the regulations, mandate and political space they need to succeed is an entirely different matter.
Insightful. I worry that a dysfunctional system wearing a czar like a hat is not likely to become a much more functional system.
I take your point about regulatory capacity - it's a good one. But I'll point out that when governments hand new mandates to existing regulators, that's typically a recipe for them being asked to do more with less. Treasury Board assumes magical levels of efficiencies. So while the creation of a new regulator is by no means a silver bullet for meaningful change, it at least has this going for it: they have a much stronger chance of walking into TB and getting adequately resourced. Whether they are also given the regulations, mandate and political space they need to succeed is an entirely different matter.