# kaal:claim:kaal-2013-acomparativeperspectiveo-031

**Claim.** The shortcomings of stable rules, especially the perpetual need for rule enactment and revision, justify a supplemental dynamic approach to regulating the financial industry that enhances and extends the established regulatory framework rather than replacing it.

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

**Holds when.**

- financial industry regulation

**Source quote.**

> The shortcomings of stable rules, especially the perpetual need for rule enactment and revision, could justify a supplemental dynamic approach to regulating the financial industry.43 Dynamic regulation would not replace the established regulatory framework but could enhance and extend it.

**From.** Kaal, *A Comparative Perspective on the Limitations of the Duty of Oversight – A Comment on Lisa Fairfax* (2013), Dynamic Regulation, page 10

**Cite as.** Kaal, A Comparative Perspective on the Limitations of the Duty of Oversight – A Comment on Lisa Fairfax (2013)

**Verify.** sha256 of source PDF `ac5c955fe01209c54c78c4575c0b8bf570e5f1259c3f855510697cf51a32e59a` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202013%20-%20A%20Comparative%20Perspective%20on%20the%20Limitations%20of%20the%20Duty%20of%20Oversight%20%E2%80%93%20A%20Comment%20on%20Lisa%20Fairfax.pdf

**Topics.** dynamic-regulation

**Keywords.** dynamic-regulation, stable-rules, financial-regulation, regulatory-design

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