The complaint, in relation to financial markets, that legislators are eager to keep creating new regulations, also called bureaucratic overkill. As a result, regulators are given more and more power. A regulatory break is called for. – On the other hand, investors who have been harmed by criminal machinations (wheeling and dealing) have cried out for help, accusing the legislator of inaction and the supervisory authorities of “oscitancy” (the state of being drowsy or inattentive: indolence, dullness, lethargy, lassitude). – However, it is undisputed that what is fundamentally needed is not more but better regulation and transparency. Likewise, the fact of experience holds: the tighter the regulation, the stronger the incentives for regulatory arbitrage. – See deterrence, regulatory, investor protection, supervision, supervision, European, supervision, preventive, supervisors, supervisory avoidance, committee mania, BaFin levy, Banana Skins Survey, financial market supervision, European, proprietary trading ban, fragmentation, supervisory, harmonization, information overload, moral suasion, overkill, regulatory, avenging angel, regulatory density, straitjacking, transparency level, overregulation, preemption. – Cf. BaFin Annual Report 2008, p. 35 (overview of committees), pp. 35 ff. (description of key committees).
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/