# kaal:claim:2957645-003

**Claim.** Formal rulemaking in the existing regulatory infrastructure is too time consuming, and the speed of product innovation frequently renders regulations pertaining to an innovative product obsolete before those regulations are even finalized.

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

**Holds when.**

- environments of exponential or rapid product innovation
- formal notice and comment style rulemaking

**Source quote.**

> Formal rulemaking in the existing regulatory infrastructure is overly time-consuming7 and the speed of product innovation often makes regulations pertaining to an innovative product obsolete before such regulations are finalized.8

**From.** Kaal, *Dynamic Regulation via Contingent Capital* (2017), I. Introduction, page 6

**Cite as.** Kaal, Dynamic Regulation via Contingent Capital (2017). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2957645

**Verify.** sha256 of source PDF `250b10782a5ea5dece9235a7f711aee408feaf36f2e78e310d589b5ee6304be2` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202017%20-%20Dynamic%20Regulation%20via%20Contingent%20Capital.pdf

**Failure mode.** Rules obsolete before finalization  (family: rule-obsolescence-and-ossification)

**Topics.** dynamic-regulation, innovation

**Keywords.** regulatory-timing, rulemaking-delay, disruptive-innovation, financial-regulation

**Related claims.**

- restates: https://wulfkaal.github.io/claims/2831040-009
- extends: https://wulfkaal.github.io/claims/2740477-021
- restates: https://wulfkaal.github.io/claims/2808132-023
- restates: https://wulfkaal.github.io/claims/2808132-022
- restates: https://wulfkaal.github.io/claims/2834531-007
- restates: https://wulfkaal.github.io/claims/2740477-020
- generalizes: https://wulfkaal.github.io/claims/3441904-030

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