SIRDA

Effectiveness

Test

Compare the design under the same scenarios with four comparators: an international standards regime in the style of the Basel Committee, strengthened national regulation, a treaty institution, and voluntary coordination among developers.

Failure criterion

A design fails when a less ambitious comparator closes the same gap, when it offers no credible risk-reduction mechanism, when it relies on compliance precisely where the scenario assumes defection, or when it gains effectiveness by sacrificing the preceding safeguards.

Questions testing this condition