From social media to mortgage-backed securities, innovation carries both risk and opportunity. Groups of people win, and lose, when innovation changes the ground rules. Looking beyond formal politics, this new book by Cristie Ford argues that we need to recognize innovation, and financial...

This paper aims to provide insights into the effective regulation of private sector innovation. It coins a term – “innovation-framing regulation” – to describe a particular quality of the regulation that characterized much of financial regulation in the recent era. After briefly...

Machine generated contents note: 1. Innovation as a regulatory challenge: four stories; 2. The history and rots of flexible regulation; 3. Flexible regulation: key scholarship; 4. Flexible regulation scholarship, 1980-2012; 5. Flexible regulation and ideology; 6. Innovation as regulatory subject; 7....

This paper seeks to re-examine, and ultimately to restate the case for, principles-based securities regulation in light of the global financial crisis and related developments. Prior to the onset of the crisis, the concept of more principles-based financial regulation was gaining traction in...

We are approaching the 20th anniversary of Ian Ayres' and John Braithwaite's 1992 book, Responsive Regulation. This paper, which was prepared for a September 2010 workshop at UBC, considers the implications of the recent financial crisis for Ayres' and Braithwaite's concept of “enforced...