A crisis of regulation

Daniel Fitzpatrick, Adam White

Research output: Chapter in Book/Report/Conference proceedingOther chapter contribution

Abstract

State regulation — the use of standard setting, behaviour modification and information-gathering tools by state institutions to influence the everyday actions of public and private actors — has been a long-established feature of UK governance (Moran 2003). While its form and content have evolved over time, in line with the prevailing political-economic logic of the era, regulatory change is often particularly acute during periods of crisis. In many ways, regulation and crises are natural bedfellows. In moments of crisis, when the fabric of society is threatened, states (especially liberal democratic states with high public expectations placed upon them) need to act. Regulation has become a matter of recourse in these circumstances. Braithwaite (2008) accordingly observes that regulatory innovation and expansion often follows crises, and the recent global financial crisis — marked in the UK by the first run on a bank since the late 19th century — is no exception.
Original languageEnglish
Title of host publicationInstitutional crisis in 21st-Century Britain
EditorsDavid Richards, Martin Smith, Colin Hay
PublisherPalgrave Macmillan
Pages198-217
Number of pages19
ISBN (Electronic)978-1-137-33439-8
ISBN (Print)978-1-349-46269-8
DOIs
Publication statusPublished - 2014

Publication series

NameUnderstanding Governance Series
PublisherPalgrave Macmillan

Fingerprint

regulation
everyday action
behavior modification
recourse
financial crisis
bank
governance
innovation
economics
Society
time

Cite this

Fitzpatrick, D., & White, A. (2014). A crisis of regulation. In D. Richards, M. Smith, & C. Hay (Eds.), Institutional crisis in 21st-Century Britain (pp. 198-217). (Understanding Governance Series). Palgrave Macmillan. https://doi.org/10.1057/9781137334398_11
Fitzpatrick, Daniel ; White, Adam. / A crisis of regulation. Institutional crisis in 21st-Century Britain. editor / David Richards ; Martin Smith ; Colin Hay. Palgrave Macmillan, 2014. pp. 198-217 (Understanding Governance Series).
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Fitzpatrick, D & White, A 2014, A crisis of regulation. in D Richards, M Smith & C Hay (eds), Institutional crisis in 21st-Century Britain. Understanding Governance Series, Palgrave Macmillan, pp. 198-217. https://doi.org/10.1057/9781137334398_11

A crisis of regulation. / Fitzpatrick, Daniel; White, Adam.

Institutional crisis in 21st-Century Britain. ed. / David Richards; Martin Smith; Colin Hay. Palgrave Macmillan, 2014. p. 198-217 (Understanding Governance Series).

Research output: Chapter in Book/Report/Conference proceedingOther chapter contribution

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AU - White, Adam

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AB - State regulation — the use of standard setting, behaviour modification and information-gathering tools by state institutions to influence the everyday actions of public and private actors — has been a long-established feature of UK governance (Moran 2003). While its form and content have evolved over time, in line with the prevailing political-economic logic of the era, regulatory change is often particularly acute during periods of crisis. In many ways, regulation and crises are natural bedfellows. In moments of crisis, when the fabric of society is threatened, states (especially liberal democratic states with high public expectations placed upon them) need to act. Regulation has become a matter of recourse in these circumstances. Braithwaite (2008) accordingly observes that regulatory innovation and expansion often follows crises, and the recent global financial crisis — marked in the UK by the first run on a bank since the late 19th century — is no exception.

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BT - Institutional crisis in 21st-Century Britain

A2 - Richards, David

A2 - Smith, Martin

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Fitzpatrick D, White A. A crisis of regulation. In Richards D, Smith M, Hay C, editors, Institutional crisis in 21st-Century Britain. Palgrave Macmillan. 2014. p. 198-217. (Understanding Governance Series). https://doi.org/10.1057/9781137334398_11