The speed with which the Global Financial Crisis metastasized across regulatory systems highlights the deficiencies of addressing risk through deployment of rules or principles. We need to have a greater understanding of how rules and principles are interpreted within specific communities of practice. We need to measure the extent to which practice correlates to or deviates from commitment to stated values. This offers the opportunity to build organically from principles of self-regulation but embed this within a much more clearly defined conception of business integrity. This requires a renewed emphasis on how to constitute a truly accountable space that simultaneously empowers and enhances personal, professional and corporate responsibility. The program of research explores the interaction between material, reputation and regulatory risk at both the level of the firm, specific sector and threats these pose to the stability of the system as a whole at national, regional and global levels.