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Travel safety and regulation

Travel safety is one of the most important objectives of the overall supervisory agenda.  Consumer protection and public safety intersect in this topic.  Keeping travellers away from harm and maintaining safe and orderly routes and equipment should be the top priority of any commercial entity providing transportation to consumers.  At the same time, companies working in the transportation sector look to legal and regulatory requirements to set minimum standards for safety infrastructure and motivate investments in technology and human capital improvements.  Regulatory action, or inaction, can therefore have a huge impact on protective measures and responses to threats to safety taken by companies such as airlines, rail transit operators, and private transportation providers.

Given that commercial service providers plan their safety upgrades and major improvements to equipment and networks in light of requirements and expectations that are set by supervisors, trends of deregulation or non-regulation can have a huge impact on systems in place to protect consumers.  Major accidents often lead to a regulatory response to strengthen preventive safety measures.  By the same token, regulation rollback trends raise the spectre that safety concerns and potential dangers could go unaddressed.

As the foregoing shows, transportation safety reaches far into public life.  Therefore there is great responsibility for regulators to set clear, convincing standards for carriers and operators to ensure consumer protection.

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