On the path to create a unison approach to Systemic Risk-Based Compliance – laying the foundation

27 Pages Posted: 28 Jun 2023

See all articles by Kalle Johannes Rose

Kalle Johannes Rose

Copenhagen Business School - CBS Law

Benjamin Dante

Copenhagen Business School

Date Written: June 28, 2023

Abstract

Our modern globalized civilization is facing a range of systemic risks related to climate, crime, health and more. During the last decade the EU has enhanced the use of risk-based regulation to address some of these societal risk issues that have cross-border and even regional affects, with the aim of creating a incentive-based compliance structure for both private and public entities. The purpose of this paper is to establish the foundation to create a unison approach to Systemic Risk-Based Compliance by investigating the two core elements behind the systemic societal risks facing the modern democracy within the EU, the risk-based approach, and risk-based regulation.

Keywords: Risk-based approach, risk-based regulation, systemic risks, risk-based compliance

JEL Classification: D80, D81, G18

Suggested Citation

Rose, Kalle Johannes and Dante, Benjamin, On the path to create a unison approach to Systemic Risk-Based Compliance – laying the foundation (June 28, 2023). Copenhagen Business School, CBS LAW Research Paper No. 23-03, Available at SSRN: https://ssrn.com/abstract=4494331

Kalle Johannes Rose (Contact Author)

Copenhagen Business School - CBS Law ( email )

Porcelaenshave 18B, 1
Frederiksberg 2000
Denmark

Benjamin Dante

Copenhagen Business School ( email )

Solbjerg Plads 3
Frederiksberg C, DK - 2000
Denmark

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