Relief and rescue: suspensions and elasticity in financial regulation, and lessons from the UK's management of the COVID-19 pandemic crisis

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Relief and rescue : suspensions and elasticity in financial regulation, and lessons from the UK's management of the COVID-19 pandemic crisis. / Kokkinis, Andreas; Chiu, Iris; Miglionico, Andrea.

In: Washington University Journal of Law and Policy, Vol. 64, 30.04.2021, p. 63-111.

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@article{493657d57c3b4f329977f6df0a4e974a,
title = "Relief and rescue: suspensions and elasticity in financial regulation, and lessons from the UK's management of the COVID-19 pandemic crisis",
abstract = "This Article analyzes the UK{\textquoteright}s approach to handling the economic impact of COVID-19, offering insight for developed financial jurisdictions embarking on regulatory suspensions. When existing law no longer meets overarching policy goals such as financial stability, regulators resort to the theorization of legal elasticity. This Article situates regulatory suspension within this theory analyzing the tensions, hazards, and accompanying decision-making frameworks. The authors make three proposals for deployment of legal elasticity by regulators: (1) evaluate institutional stability; (2) engage in relational paradigms with relevant agencies, entities, and stakeholders; and (3) establish ex ante frameworks for crisis management and the potential use of legal elasticity.",
author = "Andreas Kokkinis and Iris Chiu and Andrea Miglionico",
year = "2021",
month = apr,
day = "30",
language = "English",
volume = "64",
pages = "63--111",
journal = "Washington University Journal of Law and Policy",
issn = "1533-4686",

}

RIS

TY - JOUR

T1 - Relief and rescue

T2 - suspensions and elasticity in financial regulation, and lessons from the UK's management of the COVID-19 pandemic crisis

AU - Kokkinis, Andreas

AU - Chiu, Iris

AU - Miglionico, Andrea

PY - 2021/4/30

Y1 - 2021/4/30

N2 - This Article analyzes the UK’s approach to handling the economic impact of COVID-19, offering insight for developed financial jurisdictions embarking on regulatory suspensions. When existing law no longer meets overarching policy goals such as financial stability, regulators resort to the theorization of legal elasticity. This Article situates regulatory suspension within this theory analyzing the tensions, hazards, and accompanying decision-making frameworks. The authors make three proposals for deployment of legal elasticity by regulators: (1) evaluate institutional stability; (2) engage in relational paradigms with relevant agencies, entities, and stakeholders; and (3) establish ex ante frameworks for crisis management and the potential use of legal elasticity.

AB - This Article analyzes the UK’s approach to handling the economic impact of COVID-19, offering insight for developed financial jurisdictions embarking on regulatory suspensions. When existing law no longer meets overarching policy goals such as financial stability, regulators resort to the theorization of legal elasticity. This Article situates regulatory suspension within this theory analyzing the tensions, hazards, and accompanying decision-making frameworks. The authors make three proposals for deployment of legal elasticity by regulators: (1) evaluate institutional stability; (2) engage in relational paradigms with relevant agencies, entities, and stakeholders; and (3) establish ex ante frameworks for crisis management and the potential use of legal elasticity.

M3 - Article

VL - 64

SP - 63

EP - 111

JO - Washington University Journal of Law and Policy

JF - Washington University Journal of Law and Policy

SN - 1533-4686

ER -