kaal:claim:kaal-2013-acomparativeperspectiveo-028

Following enactment, governance adjustments are often later repealed or diluted, and anticipation of future developments plays no significant role in the top down approach to regulation.

Worse yet, following the enactment, governance adjustments are often later repealed or diluted. 41 Anticipation of future developments and pre-emption of possible future crises does not play a significant role in the top down approach to

Kaal, A Comparative Perspective on the Limitations of the Duty of Oversight – A Comment on Lisa Fairfax (2013), Dynamic Regulation, p. 9
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Kaal, A Comparative Perspective on the Limitations of the Duty of Oversight – A Comment on Lisa Fairfax (2013)

• top down regulatory approach

mechanismsupport: arguedfailure: regulatory sine curve of enactment and dilutionfamily: regulatory-laginstitutional-design

• restates kaal:claim:2273857-028 The regulatory sine curve is the pattern of governance adjustments made in reaction to financial crises togeth...
• restates kaal:claim:2273857-001 Governance adjustments enacted via stable rules in reaction to financial crises are inevitably followed by rel...
• restates kaal:claim:2273857-007 Initiatives for sustainable financial regulation are largely missing, because anticipation of unknown future c...

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