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http://ssrn.com/abstract=1364314
 
 

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Regulatory Trust


Rebecca M. Bratspies


City University of New York - School of Law

March 18, 2009


Abstract:     
When regulators make decisions in the face of uncertainty, what gives legitimacy to their decisions? Trust clearly plays a role in bridging regulatory uncertainty, but what is the relationship between law and trust? This article offers framework for thinking about trust in regulatory contexts by developing a broad-based, multi-dimensional conception of the roles that trust plays in regulatory systems. Positing that "regulatory trust" is unique kind of social trust, this framework traces the reflexive relationship among regulatory trust's components, and explores means to cultivate the regulatory trust necessary to to allow regulatory agencies to govern effectively in the face of fundamental uncertainty.

Number of Pages in PDF File: 57

Keywords: trust, uncertainty, regulation, expertise, governance, regulatory system, GMO, sustainability, transparency, stewardship

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Date posted: March 19, 2009 ; Last revised: November 13, 2012

Suggested Citation

Bratspies, Rebecca M., Regulatory Trust (March 18, 2009). Available at SSRN: http://ssrn.com/abstract=1364314 or http://dx.doi.org/10.2139/ssrn.1364314

Contact Information

Rebecca M. Bratspies (Contact Author)
City University of New York - School of Law ( email )
2 Court Square
Long Island City, NY 11101
United States
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