# kaal:claim:2273857-027

**Claim.** Regulatory cycles make it nearly impossible to address financial regulatory concerns adequately, and systemic risk in particular is difficult to address if rules are enacted in a cyclical and reactive format.

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

**Holds when.**

- rules enacted cyclically and reactively

**Source quote.**

> Regulatory cycles also make it nearly impossible to adequately address financial regulatory concerns. Systemic risk is particularly difficult to address if rules are enacted in a cyclical and reactive format.

**From.** Wulf A. Kaal, *Dynamic Regulation of the Financial Services Industry* (2013), II.2 Regulatory Sine Curve, page 15

**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.** systemic risk unaddressable by cyclical rules  (family: regulatory-lag)

**Topics.** systemic-risk, risk-and-incentives, regulatory-failure

**Keywords.** systemic-risk, regulatory-cycles, reactive-regulation, regulatory-failure

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