Regulatory Strategies:Rule Standard Definition Time Purpose Enforcement commonly for protecting Rule require or prohibit ex ante creditor and public Investor specific behaviors mechanically (e.g.minimum enforced capitalization requirements) leave the precise determination of the paradigmatic examples Standard require ex post are to deal with internal compliance to adjudicators adjudicators after the affairs(e.g.insider self- dealing) courts etc.) factRegulatory Strategies: Rule & Standard Definition Time Purpose Enforcement Rule require or prohibit specific behaviors ex ante commonly for protecting creditor and public Investor (e.g. minimum capitalization requirements) mechanically enforced Standard leave the precise determination of compliance to adjudicators after the fact ex post the paradigmatic examples are to deal with internal affairs (e.g. insider self- dealing) require adjudicators ( courts etc.)