regulation therefore aims at putting in place a financial services framework that will safeguard market processes whilst also … protecting consumers. However, benefits of regulation are accompanied by certain risks, as can be exemplified with the case of … insurance regulation. …

mechanism and Shleifer's yardstick Regulation. Unfortunately, in practical applications of these simple mechanisms the regulated … regulator must be extremely well-informed if he wants to apply this sort of regulation: except for the actual realizations of a … regulated public utility. This is the main reason why in practice the simple $RPI - X$ regulation prevails. Finally, in this …