Requisite Variety and Simple Institutional Virtues

Regulators achieve more if they learn to collaborate with one another at being cosmopolitan. Regulators can use national enforcement threats to demand global compliance improvements under the shadow of the axe of deferred prosecutions. Early detection and early response are imperative with fast-moving risks. Principles for a dialectics of requisite variety are: (a) Prune and strengthen rules; (b) Transform jurisprudence so fundamental principles justify rules, yet trump rules; (c) Shift away from automaticity of enforcement of rules, algorithmic or human, to a restorative diplomacy of rule enforcement of peace agreements, environmental stewardship, virus containment, and stewardship of financial systems; rally behind front-line workers of crisis-prevention institutions before burnout spreads.