There are various pressures that are put on regulatory agencies (regulators) which have been heightened by the current economic and political climate. On the one hand there has been a call for greater regulation, particularly in the financial and economic sectors, to manage the uncertainty and provide greater stability. On the other hand austerity measures have constrained the resources available for regulators to operate.
The OECD Network of Economic Regulators (NER) provides the opportunity for economic regulators (regulatory agencies for energy, water, telecom, transport and ports) to share experiences, discuss challenges and innovative solutions, and frame the features of a “world class regulator”.
Good regulatory outcomes depend on more than well designed rules and regulations. Regulatory agencies are important actors in regulatory systems that are at the delivery end of the policy cycle. The OECD’s 2012 Recommendation recognises the role of regulatory agencies in providing greater confidence that regulatory decisions are made on an objective, impartial and consistent basis, without conflict of interest, bias or improper influence.
Events on the NER
Membership of the NER
To attend a meeting of the NER or find about becoming a member please contact Faisal Naru.
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