IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/15543.html
   My bibliography  Save this paper

Responsive regulation:achieving the right balance between persuasion and penalisation

Author

Listed:
  • Ojo, Marianne

Abstract

This paper not only considers the regulatory challenges faced by regulators, but also the potential of responsive regulation and particularly meta regulation to address these challenges. It explores developments which have necessitated a change from the traditional form of regulation, that is, command and control regulation to more responsive hybrids of regulation. Even though traditional regulation has its advantages, its inability to address the demands of changing business environments has resulted in the adoption of more flexible forms of regulation such as risk based regulation and responsive regulation. Whilst the potential of responsive regulation is considered, the complexities and challenges faced by the regulator in identifying and assessing risk, solutions aimed at countering problems of risk regulation, along with the problems arising from different perceptions of risk will be addressed only briefly.

Suggested Citation

  • Ojo, Marianne, 2009. "Responsive regulation:achieving the right balance between persuasion and penalisation," MPRA Paper 15543, University Library of Munich, Germany, revised Jun 2009.
    • Handle: RePEc:pra:mprapa:15543
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/15543/1/MPRA_paper_15543.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Baldwin, Robert & Cave, Martin & Lodge, Martin, 2011. "Understanding Regulation: Theory, Strategy, and Practice," OUP Catalogue, Oxford University Press, edition 2, number 9780199576098, Decembrie.
    2. Ayres, Ian & Braithwaite, John, 1995. "Responsive Regulation: Transcending the Deregulation Debate," OUP Catalogue, Oxford University Press, number 9780195093766.
    3. Parker,Christine, 2002. "The Open Corporation," Cambridge Books, Cambridge University Press, number 9780521818902.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Baud, Céline & Chiapello, Eve, 2017. "Understanding the disciplinary aspects of neoliberal regulations: The case of credit-risk regulation under the Basel Accords," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 46(C), pages 3-23.
    2. Bärbel R. Dorbeck‐Jung & Mirjan J. Oude Vrielink & Jordy F. Gosselt & Joris J. Van Hoof & Menno D. T. De Jong, 2010. "Contested hybridization of regulation: Failure of the Dutch regulatory system to protect minors from harmful media," Regulation & Governance, John Wiley & Sons, vol. 4(2), pages 154-174, June.
    3. David Levi-Faur, 2005. "The Global Diffusion of Regulatory Capitalism," The ANNALS of the American Academy of Political and Social Science, , vol. 598(1), pages 12-32, March.
    4. Ian P. Dewing & Peter O. Russell, 2012. "Auditors as Regulatory Actors: The Role of Auditors in Banking Regulation in Switzerland," European Accounting Review, Taylor & Francis Journals, vol. 21(1), pages 1-28, January.
    5. Luc Baumstark & Claude Ménard & William Roy & Anne Yvrande-Billon, 2005. "Modes de gestion et efficience des opérateurs dans le secteur des transports urbains de personnes," Post-Print halshs-00103116, HAL.
    6. Carole Billiet & Sandra Rousseau, 2014. "How real is the threat of imprisonment for environmental crime?," European Journal of Law and Economics, Springer, vol. 37(2), pages 183-198, April.
    7. Maciej Czaplewski, 2015. "Oddziaływanie regulacyjne Unii Europejskiej na rynek usług telekomunikacyjnych," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 5, pages 65-87.
    8. Ojo, Marianne, 2006. "Financial regulation and risk management: addressing risk challenges in a changing financial environment," MPRA Paper 32409, University Library of Munich, Germany, revised Jul 2011.
    9. Jeroen van der Heijden & Jitske de Jong, 2009. "Towards a Better Understanding of Building Regulation," Environment and Planning B, , vol. 36(6), pages 1038-1052, December.
    10. Tapia Herbas, Mauricio, 2013. "Determinación de un adecuado precio del gas natural para el sector eléctrico boliviano," Revista Latinoamericana de Desarrollo Economico, Carrera de Economía de la Universidad Católica Boliviana (UCB) "San Pablo", issue 19, pages 99-123, Mayo.
    11. Tonci Bakovic & Bernard Tenenbaum & Fiona Woolf, 2003. "Regulation by Contract : A New Way to Privatize Electricity Distribution?," World Bank Publications - Books, The World Bank Group, number 15078, December.
    12. Emilie Cloatre & Robert Dingwall, 2013. "“Embedded regulation:” The migration of objects, scripts, and governance," Regulation & Governance, John Wiley & Sons, vol. 7(3), pages 365-386, September.
    13. John Alford & Richard Speed, 2006. "Client focus in regulatory agencies," Public Management Review, Taylor & Francis Journals, vol. 8(2), pages 313-331, June.
    14. Elizabeth Spencer, 2008. "Conditions for effective disclosure in the regulation of franchising," International Review of Applied Economics, Taylor & Francis Journals, vol. 22(4), pages 509-525.
    15. Braithwaite, John, 2006. "Responsive regulation and developing economies," World Development, Elsevier, vol. 34(5), pages 884-898, May.
    16. Cyril Benoît, 2021. "Politicians, regulators, and regulatory governance: The neglected sides of the story," Regulation & Governance, John Wiley & Sons, vol. 15(S1), pages 8-22, November.
    17. Juan Carlos Henao & Carmen Eloísa Ruiz López, 2018. "Corrupción en Colombia Tomo 3 Corrupción privada," Books, Universidad Externado de Colombia, Facultad de Derecho, number 1026, October.
    18. Marques, Rui Cunha & Berg, Sanford V, 2010. "Revisiting the strengths and limitations of regulatory contracts in infrastructure industries," MPRA Paper 32890, University Library of Munich, Germany.
    19. Wafula, Francis & Molyneux, Catherine & Mackintosh, Maureen & Goodman, Catherine, 2013. "Protecting the public or setting the bar too high? Understanding the causes and consequences of regulatory actions of front-line regulators and specialized drug shop operators in Kenya," Social Science & Medicine, Elsevier, vol. 97(C), pages 220-227.
    20. Geoff Walters & Sean Hamil, 2013. "The contests for power and influence over the regulatory space within the English professional football industry, 1980-2012," Business History, Taylor & Francis Journals, vol. 55(5), pages 740-767, July.

    More about this item

    Keywords

    meta; responsive; risk; regulation; bank;
    All these keywords.

    JEL classification:

    • K2 - Law and Economics - - Regulation and Business Law

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:15543. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.