principle-based rules
[ˈprɪnsəpəl beɪst rulz]
noun phrasepl: principle-based rules
regras baseadas em princípios
1. Regulatory or governance frameworks that establish broad principles and standards rather than prescriptive, detailed rules, allowing flexibility in implementation while maintaining core objectives
The financial regulator adopted principle-based rules to allow banks greater flexibility in compliance strategies.
O regulador financeiro adotou regras baseadas em princípios para permitir aos bancos maior flexibilidade nas estratégias de conformidade.
2. A regulatory approach emphasizing fundamental principles and objectives that organizations must achieve, rather than dictating specific procedures
Principle-based rules focus on outcomes rather than processes, encouraging innovation while maintaining standards.
As regras baseadas em princípios focam em resultados em vez de processos, incentivando a inovação enquanto mantêm os padrões.
This term is primarily used in formal regulatory, legal, and financial contexts in both Brazil and the USA. It reflects modern regulatory philosophy that contrasts with older, more prescriptive rule-based approaches. In Brazil, this concept gained prominence with financial market modernization and alignment with international regulatory standards. In the USA, it represents an ongoing debate in regulatory policy, particularly in banking and securities regulation.
Related Idioms & Phrases
principle-based approach to regulation
adopt principle-based rules
principle-based regulatory framework
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