# Regulatory incentives

`kaal:entity:regulatory-incentives`

**Status.** derived

This node is assembled mechanically from the 3 claims that carry the concept tag `regulatory-incentives`. It is a roster of what the corpus says under this term. It is **not** an adjudicated definition: no single statement here has been ruled canonical, and no first-appearance call has been made. Read the claims and judge for yourself.

## Every claim under this term

3 claims across 2 works, 2012 to 2017.

**2012**

- [1998455-003](https://wulfkaal.github.io/claims/1998455-003) [mechanism/argued] *(failure mode)* -- Because governments prioritize the rescue of systemically important financial institutions over other entities, those institutions are incentivized to adopt similar risk profiles and to correlate their risks.
  > Government prioritization of SIFI bailouts could incentivize SIFIs to adopt similar risk profiles and correlate risks.
  Wulf A. Kaal, Initial Reflections on the Possible Application of Contingent Capital in Corporate Governance (2012). SSRN: https://ssrn.com/abstract=1998455

**2017**

- [2834531-014](https://wulfkaal.github.io/claims/2834531-014) [mechanism/argued] *(failure mode)* -- Regulators too often define success negatively, as the avoidance of catastrophe, which makes regulatory experimentation unattractive to them.
  > Too often, regulators define "success" in negative terms, as in the avoidance of catastrophe.
  Mark Fenwick, Wulf A. Kaal, Erik P. M. Vermeulen, Regulation Tomorrow What Happens When Technology Is Faster Than the Law (2017). SSRN: https://ssrn.com/abstract=2834531
- [2834531-015](https://wulfkaal.github.io/claims/2834531-015) [mechanism/argued] *(failure mode)* -- Because regulators seek to avoid grounds for criticism, they inevitably adopt an overly cautious posture, which is what the precautionary principle amounts to in practice.
  > Avoiding grounds for criticism inevitably results in an overly cautious approach, called the "precautionary principle."
  Mark Fenwick, Wulf A. Kaal, Erik P. M. Vermeulen, Regulation Tomorrow What Happens When Technology Is Faster Than the Law (2017). SSRN: https://ssrn.com/abstract=2834531

## Verify

Every claim above resolves to a record carrying a verbatim source quote, the sha256 of the source PDF, and a preformatted citation. Nothing here asks to be taken on trust.

    curl -s https://wulfkaal.github.io/entities/regulatory-incentives.md | sha256sum

**Canonical form.** This markdown file is the canonical hashed representation of this entity node. Its sha256 is the content hash.