Regulating For Growth: From Regulatory Compliance To Regulatory Capital, A Socio- Legal Theory Of Principle-Based Financial Regulation And Developmental Outcomes In India

Vipul V. Tamhane, B.Sc., MBA, LLM, Visiting Faculty, Department of Defence and Strategic Studies, Savitribai Phule Pune University, India; School of Law, Northumbria University, United Kingdom; Founder, Diplomacy Direct.ORCiD: 0009-0003-5687-8058 ABSTRACT Financial-regulation scholarship has long treated compliance as a private cost, a deadweight burden that efficient regulation should minimise. This article inverts that assumption. It argues that in emerging economies financial regulation...