Regulation consists of rulemaking and enforcement. Economic theory offers two complementary rationales for regulating … and efficiency across society as a whole. Agency-cost theory recognizes that incentive conflicts and coordination problems … arise in multi- party relationships and that regulation introduces opportunities to impose rules that enhance the welfare of …

mission of identifying and containing risk in the financial system. Prudential regulation, the principal tool at the disposal … supervision has become policymakers' regulation of choice, to the point where it is now employed in the oversight and regulation …” — I argue that it is unlikely that prudential-style regulation, dependent as it is on the planning of a central regulator …

The new European Union (EU) data protection law - General Data Protection Regulation (GDPR) that is enforceable on all … individuals should follow due procedures in regard to safe data handling and storage. This regulation is forcing all countries …

sets out an enforcement toolkit for data protection, guided by the paradigm of responsive regulation (that also employs ex …

larger equity reserves would reduce the need for costly regulation. The proposed Financial Choice Act is a step in this …

appropriate to me. His explanations of the pathologies in financial regulation should fall in the category of essential or …