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The emergence of risk-based regulation and the new public management in the United Kingdom

By Julia Black

Abstract

Discusses the emergence of public risk management, with particular attention to ARROW, the system of risk based regulation under the framework of the Financial Services Authority. Outlines the four main arguments given as to why public risk management is significant, highlighting: (1) the choices made about how to operationalise regulatory objectives; (2) the paradoxes of risk based regulation; (3) the strategies of meta regulation; and (3) risk based management and the parameters of blame

Topics: K Law (General)
Publisher: Sweet & Maxwell Ltd
Year: 2005
OAI identifier: oai:eprints.lse.ac.uk:15809
Provided by: LSE Research Online
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