{"title":"The Challenge of Regulatory Complexity","authors":"A. Horsch, Jacob Kleinow","doi":"10.54648/eulr2022019","DOIUrl":null,"url":null,"abstract":"Financial markets and firms are regulated based on extensive and detailed rulebooks, which numerous organizations enforce. Not only financial regulation but equally its complexity requires justification increasingly. This article addresses the phenomenon of regulatory complexity from an economic perspective. To this end, it revisits the concept of regulatory institutions and explains their increasing complexity. The focus is on European banking regulation. The paper stresses the role of economic and legal research in tackling the complexity of relevant regulation.\nTheory of regulation, (regulatory) complexity, institutional change, EU banking regulation","PeriodicalId":53431,"journal":{"name":"European Business Law Review","volume":" ","pages":""},"PeriodicalIF":0.0000,"publicationDate":"2022-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"European Business Law Review","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.54648/eulr2022019","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"Social Sciences","Score":null,"Total":0}
引用次数: 0
Abstract
Financial markets and firms are regulated based on extensive and detailed rulebooks, which numerous organizations enforce. Not only financial regulation but equally its complexity requires justification increasingly. This article addresses the phenomenon of regulatory complexity from an economic perspective. To this end, it revisits the concept of regulatory institutions and explains their increasing complexity. The focus is on European banking regulation. The paper stresses the role of economic and legal research in tackling the complexity of relevant regulation.
Theory of regulation, (regulatory) complexity, institutional change, EU banking regulation
期刊介绍：
The mission of the European Business Law Review is to provide a forum for analysis and discussion of business law, including European Union law and the laws of the Member States and other European countries, as well as legal frameworks and issues in international and comparative contexts. The Review moves freely over the boundaries that divide the law, and covers business law, broadly defined, in public or private law, domestic, European or international law. Our topics of interest include commercial, financial, corporate, private and regulatory laws with a broadly business dimension. The Review offers current, authoritative scholarship on a wide range of issues and developments, featuring contributors providing an international as well as a European perspective. The Review is an invaluable source of current scholarship, information, practical analysis, and expert guidance for all practising lawyers, advisers, and scholars dealing with European business law on a regular basis. The Review has over 25 years established the highest scholarly standards. It distinguishes itself as open-minded, embracing interests that appeal to the scholarly, practitioner and policy-making spheres. It practices strict routines of peer review. The Review imposes no word limit on submissions, subject to the appropriateness of the word length to the subject under discussion.
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