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Explore regulatory strategies from the Leveson Inquiry with Professor Robert Baldwin. Learn criminal law versus civil law approaches, industry self-regulation, and challenges in regulating high-incentive environments.
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REMEDIES AND REGULATORY STRATEGIES THE LEVESON INQUIRY 12 OCTOBER 2011 Professor Robert Baldwin The London School of Economics and Political Science
SPECIAL CHALLENGES • VERY HIGH INCENTIVES TO ILL-INTENTION • STRONG CULTURE AND RESISTANCE TO ‘ILLIBERAL’ REGULATION • VERY HIGH CAPACITY • VERY HIGH POWER TO CAPTURE AT THE HIGHEST LEVELS • DETECTION AND ENFORCEMENT • OWNERSHIP AND POWER ARE THE PRIMARY ISSUES
DESIGNING GOOD REGULATION AIMING FOR THE PERFECT DESIGN - BEST GUESSING - HOPING IT WORKS MODIFICATION - SENSIBLE ADJUSTMENTS OR - MOVING THE GOALPOSTS?