Chiu, H-Y;
Kokkinis, A;
Miglionico, A;
(2021)
Relief and Rescue: Suspensions and Elasticity in Financial Regulation, and Lessons from the UK’s Management of the Covid-19 Pandemic Crisis.
Washington University Journal of Law and Policy
, 64
(1)
pp. 63-111.
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Abstract
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.
| Type: | Article |
|---|---|
| Title: | Relief and Rescue: Suspensions and Elasticity in Financial Regulation, and Lessons from the UK’s Management of the Covid-19 Pandemic Crisis |
| Open access status: | An open access version is available from UCL Discovery |
| Publisher version: | https://openscholarship.wustl.edu/law_journal_law_... |
| Language: | English |
| Additional information: | This version is the author accepted manuscript. For information on re-use, please refer to the publisher’s terms and conditions. |
| UCL classification: | UCL UCL > Provost and Vice Provost Offices > UCL SLASH UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of Laws |
| URI: | https://discovery.ucl.ac.uk/id/eprint/10108220 |
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