100th Episode: The Race to Regulation Transformation -- Marathon and Sprint

My new nonprofit, the Alliance for Innovative Regulation, or AIR (about which you’ll soon hear much more), collaborated with the UK’s Financial Conduct Authority to run the first-ever US regulatory “Tech Sprint.” A tech sprint is a hackathon. It puts subject matter experts together with software developers, lets them form themselves into teams, and has them work side by side -- sometimes day and night -- trying to solve concrete regulatory challenges. By the end of the sprint, typically a few days later, you don’t merely have a report or a memo or a working group. You have computer code. A start on a practical, working solution.