# kaal:claim:2273857-001

**Claim.** Governance adjustments enacted via stable rules in reaction to financial crises are inevitably followed by relaxation, revision, and retraction of those rules.

**Type.** failure  **Support.** asserted

**Holds when.**

- applies to rules enacted as a reaction to financial crises

**Source quote.**

> Governance adjustments via stable rules in reaction to financial crises are inevitably followed by relaxation, revision, and retraction.

**From.** Wulf A. Kaal, *Dynamic Regulation of the Financial Services Industry* (2013), Abstract, page 3

**Cite as.** Wulf A. Kaal, Dynamic Regulation of the Financial Services Industry (2013). SSRN: https://ssrn.com/abstract=2273857

**Verify.** sha256 of source PDF `e7cb3dea40593135acc99a9b00690138fe01020514ebf388f5140e1b0e59e82a` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202013%20-%20Dynamic%20Regulation%20of%20the%20Financial%20Services%20Industry.pdf

**Failure mode.** post-crisis rule retraction cycle  (family: regulatory-lag)

**Topics.** institutional-design

**Keywords.** regulatory-sine-curve, financial-regulation, rule-retraction, regulatory-cycles

**Related claims.**

- restated_by: https://wulfkaal.github.io/claims/kaal-2013-acomparativeperspectiveo-028

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.