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Governments have always relied on regulation to protect citizens from social, environmental or economic risks. In fact it may be because the amelioration of societal risk is such a pervasive activity of government that an assessment of whether governments have a systematic means of addressing risks tends to be overlooked.
Yet it is precisely because regulation is so often relied upon to address risks that improvements to the risk governance frameworks has such potential to improve social welfare, by ensuring that regulatory approaches are efficient, effective and account for risk/risk tradeoffs across policy objectives.
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Risk-based approaches to the design of regulation and compliance strategies can improve the welfare of citizens by providing better protection from hazards, more efficient government services and reduced costs for business. Across the OECD there is great potential to improve the operation of risk policy as few governments have taken steps to develop a coherent policy on the management of risks through regulation.
This page provides links to the research undertaken by the OECD on risk and regulatory policy, including the development and application of tools and policies for improving the governance of risk.
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Contact information: gregory.bounds@oecd.org
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Meeting on Risk and Regulatory Policy
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In December 2008, a meeting on the topic of risk and regulatory policy was held at the OECD.
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Improving the effectiveness of regulation through better risk assessment and management
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- Risk-Based Regulation, Professor Julia Black, Director of Research, Department of Law; Research Associate, ESRC Centre for Analysis of Risk and Regulation (CARR), London School of Economics and Political Science
- Improving the effectiveness of regulation through better risk management – a view from the United Kingdom’s Risk and Regulation Advisory Council, Dr. Tim Heymann, Member of the Risk and Regulation Advisory Council, United Kingdom
- Improving the Effectiveness of Regulation Through Better Risk Assessment and Management: the Position of Private Standards in Agri-Food Markets, Professor Spencer Henson, Department of Food Agriculture and Resource Economics, University of Guelph, Canada.
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Improving governance arrangements for the management of risk
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- Risk Regulatory Concepts and the Law: A Discussion Paper, Dr Liz Fisher, Fellow in Law, Corpus Christi College, Oxford, United Kingdom
- The EU Risk Analysis Approach and the Perspectives for a Global Risk Assessment Dialogue, Mr Bernado Delogu, Head of Unit, Risk Assessment, Health and Consumer Directorate General, European Commission
- Regulating for Risk in Australia: Governance and Systemic Issues, Mr. Gary Banks, Chairman, Australian Government Productivity Commission
- Risk Assessment for Regulatory Decision Making, Dr. John D. Graham, Dean, School of Public and Environmental Affairs, Indiana University, United States
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Reflections on risk-based approaches to financial sector regulation
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- Reflections on Risk-based Approaches to Financial Sector, Mr. Gerard Rameix, Secretary General, Autorité des Marchés Financiers, France
- Risk-based Regulation, Mr. Lyndon Nelson, Head of Risk, Financial Services Authority, United Kingdom
- Risk-based Approach in Financial Supervision: The Hungarian Case, Mr. Balogh Laszlo, Former managing director, Hungarian Financial Supervisory Authority, Former Ambassador of Hungary to the OECD
Permanent URL: www.oecd.org/regreform/risk
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