OECD Regulatory Policy Outlook 2018
Laws and regulations govern the everyday life of businesses and citizens, and are important tools of public policy. Regulating has never been easy, but the overwhelming pace of technological change and unprecedented interconnectedness of economies has made it a daunting task. The 2018 Regulatory Policy Outlook, the second in the series, maps country efforts to improve regulatory quality in line with the 2012 OECD Recommendation on Regulatory Policy and Governance, and shares good regulatory practices. It provides unique insights into the organisation and institutional settings in countries for designing, enforcing and revising regulations. It also highlights areas of the regulatory cycle that receive too little attention from policy makers. Finally, it identifies areas where countries can invest to improve the quality of laws and regulations and presents innovative approaches to better regulation.
The institutional landscape of regulatory policy and oversight
The institutional setup for regulatory policy and oversight is a key enabler of effective regulatory frameworks. Oversight mechanisms are essential to bridge the gap between the establishment of formal requirements for using regulatory management tools and their implementation in practice. While most countries have invested in regulatory oversight in line with the 2012 Recommendation of the Council on Regulatory Policy and Governance at least to some extent, institutional mandates vary widely across the OECD membership. In many countries, several bodies share oversight responsibilities and the organisation of regulatory oversight differs importantly across jurisdictions. With a view to clarify how regulatory oversight is carried out across countries, this chapter provides a descriptive overview of the institutional landscape for regulatory policy with a specific focus on regulatory oversight and quality control arrangements. It is based on a new data collection and case studies and lays the ground for further analytical work on the performance of regulatory oversight.
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