Regulation and Regulatory Governance

Levi‐Faur, David

doi:10.4337/9780857936110.00010

Cited by 166 publications

(159 citation statements)

References 70 publications

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“…During recent years the ambition to constitute markets and promote market transactions has led to a dramatical increase of regulations and regulatory agencies in the global capitalistic economy, a change described as^regulatory capitalism^ [1][2][3]5].…”

Section: Discussionmentioning

confidence: 99%

“…The programme was so well suited to facilitate market transactions in that more people could be included in the circle of competent market actors. In this way, the study contributes to understanding of which situations induce private actors to invest in self-regulation, how the underlying market problems constitute the type of self-regulation, as well as our understanding of the proliferation of contemporary regulatory capitalism and financialization [1,5,9]. In addition to the fact that this study teaches us how self-regulation can be initiated in an expanding economy full of expectation, it also gives us hypotheses for future research on which underlying challenges of the market which pushes forward and constitute what form of self-regulation.…”

Section: Discussionmentioning

confidence: 99%

“…The terms have been established to describe the era starting in the second half of the 1990s [1,2,5]. Influential studies have shown how Bthe rationale for the creation of regulatory agencies^has become stronger than^the rationale for privatization^during this period, resulting in a strong development of the number of regulations and regulatory organs ([2]: 19).…”

Section: Regulatory Capitalism and Investment In Self-regulation: A Bmentioning

confidence: 99%

“…This refers to a multifaceted process whereby government and private actors have made significant investments in regulatory strategies with the aim of promoting market transactions [1,5,6]. In the finance and securities industry, this development has manifested itself in a strong drive to normalize securities investments, promote a Bmass investment culture^, and -to quote the Swedish Financial Supervisory Authority (Finansinspektionen; hereafter Bthe Authority^) -create a Bstock market for all^ ([7]; see also [8,9]).…”

mentioning

confidence: 99%

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Self-regulatory investments among private actors in the era of regulatory capitalism: the licensing of Swedish finance and securities industry employees

Engdahl

2018

Crime Law Soc Change

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This article analyses the growth of the Swedish finance and securities industry's employee licensing programme to advance our understanding of the growth, conditions, and function of various forms of self-regulation in the era of regulatory capitalism. It examines how the situations that are significant for private actors' initiation and implementation of self-regulation are connected with the development of a particular form of self-regulation. The article argues that the licensing programme in question is an example of self-regulation characterized by impersonal trust, identity assurance, and integrity. This type of self-regulation is related to the conditions that characterized the finance and securities industry before and at the time of the initiative and its implementation, in particular, economic confidence, normalization and expansion, and increasing complexity and heterogeneity. The article is based mainly on document analysis and market statistics supplemented with interviews.In recent years, several influential studies have demonstrated that the contemporary capitalist market economy is characterized by a Bregulation explosion^that has led researchers to argue that we now live in an era of Bregulatory capitalism^ [1][2][3][4]. This refers to a multifaceted process whereby government and private actors have made significant investments in regulatory strategies with the aim of promoting market transactions [1,5,6]. In the finance and securities industry, this development has manifested itself in a strong drive to normalize securities investments, promote a Bmass investment culture^, and -to quote the Swedish Financial Supervisory Authority (Finansinspektionen; hereafter Bthe Authority^) -create a Bstock market for all^ ([7]; see also [8,9]). Private actors' own responsibility for shaping, implementing, and following up the regulation of their operations -i.e., self-regulation -has been key in [4,6,10]). The industry organization for the Swedish securities market, the Swedish Securities Dealers' Association (Svenska Fondhandlareföreningen; hereafter Bthe Association^), has been a prominent actor in this process. One conspicuous example is the Association's initiation of a programme to license Swedish finance and securities industry employees. This programme, though one of the first of its kind in the world, is not unique. During the twenty-first century, self-regulated licensing programmes for employees have developed and become a significant aspect of governance in an increasing number of securities markets. Even so, we lack studies of this kind of licensing programmes and answers to the question of why they have been realized and become an attractive form of regulation in the finance and securities industry during the era of regulatory capitalism. There is also a strong need for knowledge about the conditions that drive and shape attractive and sustainable types of self-regulation in the industry, particularly in times when self-regulation -due to financial crises and legitimation problems -i...

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Section: Discussionmentioning

confidence: 99%

Section: Discussionmentioning

confidence: 99%

Section: Regulatory Capitalism and Investment In Self-regulation: A Bmentioning

confidence: 99%

mentioning

confidence: 99%

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Self-regulatory investments among private actors in the era of regulatory capitalism: the licensing of Swedish finance and securities industry employees

Engdahl

2018

Crime Law Soc Change

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“…And how regulation is carried out?' (Levi-Faur, 2010, p. 9), and he adds that the question of 'how to regulate' is closely linked 'to the question of "who" regulates' (Levi-Faur, 2010).…”

Section: Contextualizing the Emerging Crack In The Institutional Specmentioning

confidence: 99%

Heterarchial Networks for Global Corporations: Emerging Unstructured Complexity in Regulatory Landscape

Oberoi¹

2015

Developments in Corporate Governance and Responsibility

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If you would like to write for this, or any other Emerald publication, then please use our Emerald for Authors service information about how to choose which publication to write for and submission guidelines are available for all. Please visit www.emeraldinsight.com/authors for more information. About Emerald www.emeraldinsight.comEmerald is a global publisher linking research and practice to the benefit of society. The company manages a portfolio of more than 290 journals and over 2,350 books and book series volumes, as well as providing an extensive range of online products and additional customer resources and services.Emerald is both COUNTER 4 and TRANSFER compliant. The organization is a partner of the Committee on Publication Ethics (COPE) and also works with Portico and the LOCKSS initiative for digital archive preservation.

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Governing food safety through meso‐institutions: A cross‐country analysis of the dairy sector

Ménard

Martino

Oliveira

et al. 2022

Applied Eco Perspectives Pol

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This article builds on new institutional economics to characterize the functions played by meso‐institutions in bridging the gap between the macro‐institutional layer at which general rules are established and the micro‐institutional layer within which transactions are organized. The argument is substantiated through a comparative analysis of the regulatory settings designed to secure the safety of raw milk in Brazil, Canada, and Italy. We show that similar rules may lead to very different operational impact, depending on the arrangements through which these rules are implemented. The analysis also points out some consequences for the organization of supply chains and public policies.

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Regulation and Regulatory Governance

Cited by 166 publications

References 70 publications

Self-regulatory investments among private actors in the era of regulatory capitalism: the licensing of Swedish finance and securities industry employees

Self-regulatory investments among private actors in the era of regulatory capitalism: the licensing of Swedish finance and securities industry employees

Heterarchial Networks for Global Corporations: Emerging Unstructured Complexity in Regulatory Landscape

Governing food safety through meso‐institutions: A cross‐country analysis of the dairy sector

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