June; 16, 2021 Online How can firms better identify behaviours amongst lawyers and staff that pose a risk to its culture and its compliance with SRA regulatory obligations? Can firms learn to recognise antecedents, structures and behaviours that pose a reputational and regulatory risk and take action to eradicate or at least minimise their prevalence?…
Irrational behaviour as a rationale for regulation
Should regulators intervene on the ground that it’s for the consumer’s own good, even if the consumer doesn’t know it? In the Journal of Policy Analysis & Management, a series of articles puts the pros and cons of this approach, which seeks to intervene to address “costs we impose on ourselves by taking actions that are not in our…