# kaal:claim:2273857-011

**Claim.** Rules established in reaction to financial crises inevitably fail to soften, curtail, or preempt the effects of financial crises, because reactive rules are tailored to the economic and regulatory issues existing at the time of enactment and ignore possible future contingencies.

**Type.** failure  **Support.** argued

**Holds when.**

- rules enacted reactively after a crisis

**Source quote.**

> Rules established in reaction to financial crises also inevitably fail to soften, curtail, or preempt the effects of financial crises because reactive rules are mostly tailored to the economic and regulatory issues at the time of their enactment and often ignore possible future contingencies.

**From.** Wulf A. Kaal, *Dynamic Regulation of the Financial Services Industry* (2013), I. Introduction, page 10

**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.** reactive rule obsolescence  (family: rule-obsolescence-and-ossification)

**Topics.** regulatory-failure

**Keywords.** reactive-regulation, regulatory-failure, future-contingencies, financial-crises

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