... contributes to regulatoryenforcement and compliance. As we shall see, central to the study of regulatoryenforcement is the width of discretion within regulatory systems (in the handsof both public and ... of regulatory legitimacy and accountability. For this purpose, accountability is conceptualised as a set ofmechanisms and processes that impose an obligation to reveal, to explain and to justify ... theories are largelyexplanatory in nature, concerned with explaining how and why regulationemerges and why regulatory processes and outcomes take a particular shape and form. Some private interest...