Regulatory stability and the challenges of re-regulation

Considers the challenge facing industry regulators in meeting demands both for regulatory stability and responsiveness when regulatory change is indicated. Analyses the concept of regulatory stability, and reviews the different kinds of change that can be made to a regulatory regime. Discusses the elements of a re-regulation strategy aiming to maximise the gains and minimise the losses associated with regulatory change, including some re-regulation mechanisms and advice on how they might be selected.