Regulatory convergence — within the E.U., across the Atlantic and internationally — is conventionally represented as not only benign but also as essential in crisis prevention. This paper articulates a different frame of reference: one in which regulators “crowd,” “herd” and...

Many observers blame regulatory failure for the financial crisis, arguing for closer international coordination of national regulation. This column argues for the opposite. Regulatory convergence creates instability. Instead, regulatory diversity is needed to reduce market herding and the...

This paper explores two configurations of thinking about crime amongst law enforcement agencies and private sector security managers: ‘risk calculation' (concerned with everyday, calculable probabilities and impacts and their management) and ‘precautionary uncertainty' (concerned with events...