Different Types of Regulation

Sunduzwayo Madise ()
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Sunduzwayo Madise: University of Malawi

Chapter Chapter 4 in The Regulation of Mobile Money, 2019, pp 111-147 from Palgrave Macmillan

Abstract: Abstract This chapter analyses different approaches to regulation and the role of regulatory theory in the financial services. Regulation aims at correcting information asymmetry, maintaining trust in the financial system and avoiding systemic risk, or contagion, all which are considered public goods. The chapter also discusses regulatory capture and how decentralising regulatory power and can prevent capture. The chapter argues that from an economic point of view, regulation is a cost. As such that market players always undertake a cost-benefit analysis in their adherence to regulation. The chapter also analyses the concept of the regulatory space and argues that within this space, there is always an ongoing contestation for advantage. Regulation must, therefore, be responsive and reflexive considering complexities in space, time and power.

Keywords: Regulation; Regulatory capture; Regulatory continuum; Regulatory space; Regulatory spectrum (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-3-030-13831-8_4

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DOI: 10.1007/978-3-030-13831-8_4

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