However, according to the regulatory agency its rate of return was 13%.

Where, exactly, do you think regulatory agencies come from in the first place?

This is the single most important regulatory agency in the world.

The $1.2 million fine was the largest in the history of the regulatory agency.

And who should change them - Congress or the regulatory agencies?

I do not believe that it is a regulatory agency.

Now, let us consider the options open to a regulatory agency.

He began his program after a year's survey of local environmental groups and regulatory agencies.

Also he picked good people, by and large, to run the regulatory agencies.

A regulatory agency led by a single director is not unprecedented.