kaal:claim:2273857-048

In a dynamic framework rulemaking ceases to be a merely reactive process driven by the collective action problem, and instead increasingly uses institution specific and decentralized information that both reflects preceding events and anticipates future contingencies.

Source quote, verbatim
rulemaking in a dynamic framework increasingly utilizes institution specific and decentralized information reflecting preceding events and attempting to anticipate succeeding future contingencies.
From

Wulf A. Kaal, Dynamic Regulation of the Financial Services Industry (2013), III.1 Rulemaking with Dynamic Elements, p. 24
https://ssrn.com/abstract=2273857 · source PDF

Cite as

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

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designsupport: argueddecentralizationdynamic-regulation

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