# kaal:claim:2273857-048

**Claim.** 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.

**Type.** design  **Support.** argued

**Holds when.**

- dynamic elements are incorporated into the rulemaking process

**Source quote.**

> 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, page 24

**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.** decentralization, dynamic-regulation

**Keywords.** decentralized-information, dynamic-regulation, rulemaking, anticipatory-regulation

**Related claims.**

- extended_by: https://wulfkaal.github.io/claims/2957645-009
- restated_by: https://wulfkaal.github.io/claims/kaal-2014-dynamicregulationviagove-001
- restated_by: https://wulfkaal.github.io/claims/2740477-004
- restated_by: https://wulfkaal.github.io/claims/2808132-005
- generalizes: https://wulfkaal.github.io/claims/2486570-029

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