Reforming Regulatory Sanctions—Designing a Systematic Approach
Reforming Regulatory Sanctions—Designing a Systematic Approach
Regulation almost by definition is introduced where the unconstrained market cannot by itself guarantee the achievement of goals that society requests. An effective system of sanctions underpins any regulatory structure, and within the European Union it is something increasingly required of member states, at least in general terms. But what are the main elements of such a system? Are there principles that cut across legal and jurisdictional differences and have some degree of universality? This chapter examines recent developments in England and Wales, where significant changes are taking place in the way that regulatory sanctions have traditionally been designed.
Keywords: regulatory enforcement, sanctions, England, Wales
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