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A Future for Regulation and Governance: Some Reflections @10

Process based regulation has proved responsive and reflexive in dealing with the plural subjects of regulation and the different worlds they inhabit. However, regulatory failures, and the financial crises we are now undergoing, are testing the capacities of these regulatory modes. This paper argues that regulation has a future, but it should make even more discriminating use of sociology and politics, if it is to identify the systems and the cultures in which it is productive to operate.