During his intervention, Ragnar Löfstedt has: Given some examples of falling levels of public trust in Europe; Discussed how policy makers have reacted to this; Analysed these reactions. He argued that a new model of regulation id needed, based on the use of the precautionary principle and growth of risk aversion. He then identified and discussed the teething problems this new model faces: Deliberation, transparency, precautionary principle and the role of science.