# kaal:claim:2273857-004

**Claim.** Financial regulation is characteristically enacted only in the aftermath of financial crises rather than in advance of them.

**Type.** empirical  **Support.** evidenced

**Source quote.**

> Financial regulation is usually enacted in the aftermath of financial crises.

**From.** Wulf A. Kaal, *Dynamic Regulation of the Financial Services Industry* (2013), I. Introduction, page 6

**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

**Topics.** institutional-design

**Keywords.** reactive-regulation, financial-crises, regulatory-timing, legislative-history

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