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Corporate and white-collar crime in IrelandA new architecture of regulatory enforcement$
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Joe McGrath

Print publication date: 2015

Print ISBN-13: 9780719090660

Published to Manchester Scholarship Online: January 2016

DOI: 10.7228/manchester/9780719090660.001.0001

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‘Responsive’ enforcement

‘Responsive’ enforcement

(p.150) 7 ‘Responsive’ enforcement
Corporate and white-collar crime in Ireland

Joe McGrath

Manchester University Press

In Chapter 7, it is shown that regulatory agencies have taken a ‘tiered’ or ‘responsive’ approach to regulation, combining compliance and sanctioning models of corporate enforcement. They first educate company officers on their legal obligations and encourage them to comply with the law and only apply civil sanctions or prosecute offenders when the compliance approach has failed. However, it will be shown that despite having this graduated, mixed-model in place, there has been a failure to escalate from compliance to sanctioning approaches, particularly in the regulation of the financial services sector. It will be shown that the commitment to enforcing the sanctioning approach has only emerged in recent years since the banking crisis as the State ‘governs through crime’ in an expressive way to show it is ‘tough on crime’.

Keywords:   Responsive regulation, Regulatory pyramid, Compliance, Sanctioning, Politicisation

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