Financial supervisory failure is often mentioned as one of the causes for the recent financial crisis. A possible explanation of this failure can be found in the absence of adequate incentives for financial supervisors. In the literature, accountability is considered an important mechanism to...

Liability of financial regulators is a controversial topic in Europe. Some countries have statutory protections in place to protect their financial regulators from being sued, while other countries are submitting their financial regulators to normal liability rules. The main argument for...

Third party liability has been identified as an issue that could adversely impact the European security industry. Limitless third party liability for security product and services is believed to have the potential to reduce investments in innovation. In the US, the Safety Act (which is further...

Catastrophes of all times, Man-made catastrophes; naturla catstrophes; Different forms of government intervention in compensation; law and economics literature is crittical: implicit subsidy...