Improving Regulatory Governance
Trends, Practices and the Way Forward
Regulations help governments support economic growth, social welfare and environmental protection. The challenge is to design clear, coherent, and efficient regulations and to effectively implement them. This report presents cutting-edge thinking in how to facilitate good regulatory design and implementation. Jointly developed by the OECD and the Korea Development Institute, the report builds on a series of expert papers that analyse the experience of Korea and other OECD members in designing and implementing regulatory oversight, stakeholder engagement, regulatory impact assessment and ex post evaluation. It identifies forthcoming challenges, possible solutions and areas for further analysis that can help governments in OECD member and partner countries improve their regulatory systems.
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Regulatory impact assessment: Incentive structures in the UK better regulation framework
This chapter presents practices and experiences in designing and implementing regulatory impact assessment in the United Kingdom. It focuses on the United Kingdom experience with regulatory reform and documents the history of the United Kingdom’s better regulation agenda and then examines how recent initiatives affect the incentives in place to undertake good regulatory impact assessment (RIA). It also critically assesses the control mechanisms used in the United Kingdom to limit the amount of regulatory cost imposed on business. The chapter sets out how the chosen measure of business impact – the Equivalent Annual Net Direct Cost to Business – is calculated and assesses its merits as a target for policy. It also draws on United Kingdom experience to set out some principles for undertaking good regulatory impact analysis and briefly discusses some alternatives to cost-benefit analysis.
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