Abstract
AbstractRules constitute a defining feature of the relationship between regulators and regulated entities. To succeed in fostering sound risk management for society, regulators need to choose carefully how they design their rules, taking into account both their own capacities and the capabilities of those that they regulate. This chapter describes a two-by-two framework for rule design based on means-end and micro-macro dimensions. By adopting and applying this framework, regulators can identify the relative advantages and disadvantages of different regulatory approaches and better inform decision-making about how to define the regulator–regulatee relationship.
Publisher
Springer Nature Switzerland
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