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Driving innovations in manufacturing: Open Access research from DMEM

Strathprints makes available Open Access scholarly outputs by Strathclyde's Department of Design, Manufacture & Engineering Management (DMEM).

Centred on the vision of 'Delivering Total Engineering', DMEM is a centre for excellence in the processes, systems and technologies needed to support and enable engineering from concept to remanufacture. From user-centred design to sustainable design, from manufacturing operations to remanufacturing, from advanced materials research to systems engineering.

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Revolving doors, accountability and transparency - emerging regulatory concerns and policy solutions in the financial crisis

Miller, D. and Dinan, William (2009) Revolving doors, accountability and transparency - emerging regulatory concerns and policy solutions in the financial crisis. In: Dutch National Integrity Office organized Global Forum on Public Governance, 2009-05-04 - 2009-05-05. (Unpublished)

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Abstract

It is a common phenomenon in all areas of regulation that regulators become captured by the industry they regulate, meaning that they take on the objectives of management in the firms they regulate. They may thereby lose sight of the ultimate objectives of regulation. Regulatory capture is particularly serious in industries such as banking where there is a conflict of interest between the firms‘ objectives (to maximise profits) and the objectives of the regulation.