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A first challenge in seeking to give effect to a risk-based system is to be clear about the degree to which risk evaluations will be used Another organizational difficulty for risk-based regulators may arise when their powers are sh A special danger in a risk-based regime is that the regulators become emotional to an established method of identifying key r Regulatory decisions that are based on risk appraisals will often prove to be more difficult to justify than involved parti Some regulators manage these challenges by incorporating public perceptions explicitly into thei