Regulation and Deregulation from Legal Theory to the Practical Case of the Financial Sector Nowadays
The two great challenges for any authority are to what extent and how to intervene in thefunctioning of the society. These challenges originate both in the world of ideologies, defining the type ofstate or authority based on its propensity for regulation, and in the technical expertise of technocrat...
Main Author: | |
---|---|
Format: | Article |
Language: | English |
Published: |
Danubius University
2012-05-01
|
Series: | EIRP Proceedings |
Subjects: | |
Online Access: | http://www.proceedings.univ-danubius.ro/index.php/eirp/article/view/1297/1181 |
id |
doaj-203150124b254fae8c566eb25bb11c1e |
---|---|
record_format |
Article |
spelling |
doaj-203150124b254fae8c566eb25bb11c1e2020-11-24T22:40:31ZengDanubius UniversityEIRP Proceedings2067-92112069-93442012-05-0171351358Regulation and Deregulation from Legal Theory to the Practical Case of the Financial Sector NowadaysBogdan OlteanuThe two great challenges for any authority are to what extent and how to intervene in thefunctioning of the society. These challenges originate both in the world of ideologies, defining the type ofstate or authority based on its propensity for regulation, and in the technical expertise of technocraticmanagement that can identify the “good practice” and “good governance” features. Both policy sources arenecessary and legitimate. The ideological sources help support a representative mandate obtained by anelected power, being validated by citizens’ vote, while the technical ones contribute to optimising theefficiency of the public option by managing it in an appropriate manner. To set a simple example, if theideological option is in favour of maintaining a company under state ownership, then the technical optionmay be to ensure a competency-based management controlled solely according to performance criteria. Ifthe ideological option promotes the privatisation of a state-owned company, then the technical option mayseek to ensure a privatisation procedure that should maximise the public benefit (through price, othercontractual terms, enhanced market competition, clauses or measures to protect consumers, etc.)http://www.proceedings.univ-danubius.ro/index.php/eirp/article/view/1297/1181managementgood practicegood governancepublic benefit |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Bogdan Olteanu |
spellingShingle |
Bogdan Olteanu Regulation and Deregulation from Legal Theory to the Practical Case of the Financial Sector Nowadays EIRP Proceedings management good practice good governance public benefit |
author_facet |
Bogdan Olteanu |
author_sort |
Bogdan Olteanu |
title |
Regulation and Deregulation from Legal Theory to the Practical Case of the Financial Sector Nowadays |
title_short |
Regulation and Deregulation from Legal Theory to the Practical Case of the Financial Sector Nowadays |
title_full |
Regulation and Deregulation from Legal Theory to the Practical Case of the Financial Sector Nowadays |
title_fullStr |
Regulation and Deregulation from Legal Theory to the Practical Case of the Financial Sector Nowadays |
title_full_unstemmed |
Regulation and Deregulation from Legal Theory to the Practical Case of the Financial Sector Nowadays |
title_sort |
regulation and deregulation from legal theory to the practical case of the financial sector nowadays |
publisher |
Danubius University |
series |
EIRP Proceedings |
issn |
2067-9211 2069-9344 |
publishDate |
2012-05-01 |
description |
The two great challenges for any authority are to what extent and how to intervene in thefunctioning of the society. These challenges originate both in the world of ideologies, defining the type ofstate or authority based on its propensity for regulation, and in the technical expertise of technocraticmanagement that can identify the “good practice” and “good governance” features. Both policy sources arenecessary and legitimate. The ideological sources help support a representative mandate obtained by anelected power, being validated by citizens’ vote, while the technical ones contribute to optimising theefficiency of the public option by managing it in an appropriate manner. To set a simple example, if theideological option is in favour of maintaining a company under state ownership, then the technical optionmay be to ensure a competency-based management controlled solely according to performance criteria. Ifthe ideological option promotes the privatisation of a state-owned company, then the technical option mayseek to ensure a privatisation procedure that should maximise the public benefit (through price, othercontractual terms, enhanced market competition, clauses or measures to protect consumers, etc.) |
topic |
management good practice good governance public benefit |
url |
http://www.proceedings.univ-danubius.ro/index.php/eirp/article/view/1297/1181 |
work_keys_str_mv |
AT bogdanolteanu regulationandderegulationfromlegaltheorytothepracticalcaseofthefinancialsectornowadays |
_version_ |
1725704709566627840 |