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Advancing the Concepts & Practices of Information Resources Management in Modern Organizations

The “Smart” Regulatory Framework

The “Smart” Regulatory Framework
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Author(s): Siqiwen Li (James Cook University, Australia)
Copyright: 2015
Pages: 22
Source title: Standards and Standardization: Concepts, Methodologies, Tools, and Applications
Source Author(s)/Editor(s): Information Resources Management Association (USA)
DOI: 10.4018/978-1-4666-8111-8.ch033

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Abstract

Based on the recognition that neither the command-and-control nor the self-regulation mode based regulation can accommodate the ever growing complexity of the financial market, this chapter argues that a new regulatory regime is needed. This chapter discusses the four theoretical concepts -- governmentality, reflexivity, responsive regulation and ‘smart' regulation – that anchor a proposed alternative “smart” regulatory framework.

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