Regulatory Dualism in Brazil Cai Zhenzhen,Wang Xinyue
Cai Zhenzhen, Wang Xinyue Regulatory Dualism in Brazil
What's Regulatory Dualism? Concept of the reform o It aims to establish a new and more rigorous shareholder protection regime which operates parallel to the existing one. And it is open to any new or existing firms that wish to make use of it
What’s Regulatory Dualism?
Cost of the reform Comprehensive brings a direct transfer of corporate Reform wealth and power to public Shareholders. The advantages of the Regulatory Dualism: Regulatory 1)It avoids the costs of blocking all reform; Dualism 2)It dilutes the costs of sweeping legal changes; 3)It reduces the political pressure for more comprehensive reform. No Reform blocks all reform which can be very expensive. What's Regulatory Dualism?
Regulatory Dualism No Reform
What's Regulatory Dualism? Regulatory Competition V.S Regulatory Dualism Regulatory Competition It creates multiple regulators with overlapping jurisdictions,so that the regulated actors can choose the regulatory regime to which they will be subject. The regulated actors have an incentive to be governed by an efficient regulatory system so that they can attract more patrons such as investors
What’s Regulatory Dualism?
What's Regulatory Dualism? Regulatory Dualism It permits the preexisting system of regulation to be maintained;meanwhile,a second,more efficient system,namely the reformist regime,is created. The two systems are both made available to all actors. The regulatory dualism creates a dynamic in which the choice between two regimes of differing efficiency actually reduces pressure to reform the less efficient (preexisting)regime
What’s Regulatory Dualism?