I’m certain an army of regulators, library of regulations should do the trick.
Just see 2008-8 federal regulating agencies and state banking and insurance regulators backed with a biblical flood of regulations couldn’t successfully regulate eight banks.
Ofc saying something is regulated when it clearly isn’t is the most often case and the worst for mankind. Oh but PS5 controller, disgruntled employee and carbon fiber and folks die diving out of perfectly functioning planes, in heavily regulated amusement parks and so many unimaginably idiotic ways on a daily basis.
I would rather be in a perfectly functioning, heavily regulated airplane in America or any other technically adept country than in some third world country where they hardly do any maintenance and whatever safety regulations they have can be overlooked with a bribe.