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  "name": "Wulf A. Kaal",
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   "@id": "https://wulfkaal.github.io/claims/2273857-007",
   "identifier": "kaal:claim:2273857-007",
   "text": "Initiatives for sustainable financial regulation are largely missing, because anticipation of unknown future contingencies and preemption of possible future crises play no significant role either in the current regulatory framework or in the literature on financial regulation.",
   "abstract": "However, initiatives for sustainable financial regulation are still largely missing. Anticipation of unknown future contingencies and the preemption of possible future crises do not play a significant role in the current regulatory framework or in the literature on financial regulation.",
   "citation": "Wulf A. Kaal, Dynamic Regulation of the Financial Services Industry (2013). SSRN: https://ssrn.com/abstract=2273857",
   "datePublished": "2013",
   "claim_type": "failure",
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   "text": "Rulemakers discount or willingly accept unknown future contingencies and the inevitable need for later revision, amendment, and retraction, because they are pursuing certainty and predictability in the rules they enact.",
   "abstract": "To attain certainty and increase predictability, rulemakers discount or often willingly accept unknown future contingencies and the inevitable need for rule revision, amendments, and retractions.",
   "citation": "Wulf A. Kaal, Dynamic Regulation of the Financial Services Industry (2013). SSRN: https://ssrn.com/abstract=2273857",
   "datePublished": "2013",
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   "text": "Rules established in reaction to financial crises inevitably fail to soften, curtail, or preempt the effects of financial crises, because reactive rules are tailored to the economic and regulatory issues existing at the time of enactment and ignore possible future contingencies.",
   "abstract": "Rules established in reaction to financial crises also inevitably fail to soften, curtail, or preempt the effects of financial crises because reactive rules are mostly tailored to the economic and regulatory issues at the time of their enactment and often ignore possible future contingencies.",
   "citation": "Wulf A. Kaal, Dynamic Regulation of the Financial Services Industry (2013). SSRN: https://ssrn.com/abstract=2273857",
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   "@id": "https://wulfkaal.github.io/claims/kaal-2014-dynamicregulationviagove-019",
   "identifier": "kaal:claim:kaal-2014-dynamicregulationviagove-019",
   "text": "Trial and error rulemaking could become obsolete if dynamic elements in rulemaking processes systematically anticipated future contingencies and the corresponding regulatory needs.",
   "abstract": "Trial-and-error-rulemaking could become obsolete if dynamic ele- ments in rulemaking processes systematically anticipated future contingencies and corresponding regulatory needs.",
   "citation": "Kaal, Dynamic Regulation via Governmental Contracts (2014)",
   "datePublished": "2014",
   "claim_type": "predictive",
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   "@id": "https://wulfkaal.github.io/claims/kaal-2014-dynamicregulationviagove-039",
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   "text": "Investigation, self reporting, and preemptive remedial measures enable anticipation of future contingencies for rulemaking, because investigating additional institutions in the same industry lets the government pinpoint the exact need for regulation more precisely.",
   "abstract": "Investigation, self- reporting, and preemptive remedial measures facilitate anticipation of future contingencies for rulemaking because the government by investigating addi- tional institutions in the same industry can pinpoint more precisely the exact need for regulation.",
   "citation": "Kaal, Dynamic Regulation via Governmental Contracts (2014)",
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   "@id": "https://wulfkaal.github.io/claims/2740477-002",
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   "text": "Under exponential disruptive innovation the information rulemakers need arrives too late for trial and error rulemaking to be effective, regulatory issues grow more complex, and unknown future contingencies in the rulemaking process increase substantially.",
   "abstract": "relevant information for rulemaking is less likely to materialize soon enough for traditional trial-and-error rulemaking to be effective, regulatory issues become increasingly complex, and unknown future contingencies increase substantially in the rulemaking process.",
   "citation": "Wulf A. Kaal, Erik P.M. Vermeulen, Venture Capital as Dynamic Regulation of Disruptive Innovation (2016). SSRN: https://ssrn.com/abstract=2740477",
   "datePublished": "2016",
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   "text": "Because it lacks anticipatory rulemaking capability, the existing regulatory system addresses issues only ex post, and only once they have materialized and burdened core constituents enough to generate political pressure on lawmakers.",
   "abstract": "Because it lacks anticipatory rulemaking capabilities, the existing regulatory system addresses regulatory issues only ex-post, if and when they materialize and if core constituents are sufficiently burdened to precipitate enough political pressure for lawmakers to act.",
   "citation": "Wulf A. Kaal, Erik P.M. Vermeulen, Venture Capital as Dynamic Regulation of Disruptive Innovation (2016). SSRN: https://ssrn.com/abstract=2740477",
   "datePublished": "2016",
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   "text": "Dynamic regulatory tools let rulemakers adapt to regulatory contingencies as they arise, because feedback effects deliver relevant, timely, decentralized, and institution specific information ex ante.",
   "abstract": "Dynamic regulatory tools as a regulatory supplement enable rulemakers to adapt to regulatory contingencies if and when they arise because feedback effect provides relevant, timely, decentralized, and institution-specific information ex-ante.",
   "citation": "Wulf A. Kaal, Erik P.M. Vermeulen, Venture Capital as Dynamic Regulation of Disruptive Innovation (2016). SSRN: https://ssrn.com/abstract=2740477",
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   "identifier": "kaal:claim:2957645-005",
   "text": "Because the pace of innovation continues to accelerate, future contingencies in rulemaking are likely to grow substantially, which makes the dynamic anticipation of those contingencies increasingly important for rulemaking.",
   "abstract": "Given the pace of innovation,9 future contingencies in rulemaking are likely to grow substantially, making the dynamic anticipation of future contingencies increasingly important for rulemaking.",
   "citation": "Kaal, Dynamic Regulation via Contingent Capital (2017). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2957645",
   "datePublished": "2017",
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 "description": "9 claims in the published works of Wulf A. Kaal carry the concept tag 'future-contingencies'. Derived node: a roster, not an adjudicated definition."
}