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Molly Alexander Darden believes that the United States is developing a principles-based collaborative society that can lead to genuine exceptionality, based on a 21st-century approach to solving problems.
However, a principles-based approach does not work with individuals who have no principles".
I continue to believe that the majority of market participants are decent people; however, a principles-based approach does not work with individuals who have no principles".
2) Pushing rules to the limit is infectious As the FSA points out there is no point in having principles-based regulation when you are dealing with people with no principles.
Principles-based enforcement actions reflect the demand that regulators punish conduct that violates principles reflecting public values.
It also explains what is accurate in the principles-based approach, since some of the considerations underlying analogical cases will be principles.
When is principles-based regulation not principles-based regulation?
Pursue a principles-based organization.
Soccer is a more principles-based game.
Principles-based regulation, they said, would help in that effort.
It recommends the adoption of a more "principles-based" approach.
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