Dynamics of reciprocal regulation

Abstract image of swirls

Event details

PhD Seminar

Date & time

Thursday 24 March 2016
12.30pm–1.30pm

Venue

Seminar Room 1.13, Coombs Extension Building (8), Fellows Road, ANU
ANU Canberra

Speaker

Seung-Hun Hong

Contacts

RegNet
+61 (0)2 6125 3948

Reciprocity pervades regulation more than meets the eye. This thesis observes that regulators’ forbearance gives regulatees a chance to reciprocate with reform or compliance.

Compliance with law or regulation is a reciprocal response to legitimate regulation. Compliance can also be a response to the observed compliance of fellow citizens’. This is one aspect of indirect reciprocity, a concept that is developed theoretically as a key to successful regulation in this thesis.

Reciprocity is also indirectly exercised as stakeholders in a wide regulatory space impose costly sanctions on irresponsible corporations after observing their histories of defiance. Ways in which reciprocity takes place in regulation remain largely unexamined in the literature.

Past analyses of the limits of reciprocity in regulation and in responsive regulation have been flawed because they failed to consider a broad range of types of reciprocity. Using a series of in-depth interviews with people involved in prudential regulation in Australia and South Korea, this research explores ways in which diverse species of reciprocity are harnessed in regulatory space and the effects they have on regulatory outcomes.

About the Speaker

Seung commenced his PhD research in RegNet in 2012. His thesis examines diverse aspects of reciprocity harnessed at the regulatory frontline and their consequences in regulation, with a primary, yet not exclusive, focus on prudential regulation in Australia and South Korea.

Before coming to RegNet, he completed his PhD coursework in Political Thoughts at Korea University. For more information, visit his RegNet profile.

Updated:  10 August 2017/Responsible Officer:  Director, RegNet/Page Contact:  Director, RegNet