Modern economies and societies need effective regulations for growth, investment, innovation, market openness, to support the rule of law and to promote better lives. Regulations are one of the key levers alongside fiscal and monetary interventions, by which governments act to promote economic prosperity, enhance welfare and pursue public interest. Regulatory policy and governance concerns how governments intervene in the economy though laws and regulations in pursuit of social, economic and environmental objectives.
The OECD 2012 Recommendation of the Council on Regulatory Policy and Governance now sets the current thinking of how to effectively implement regulatory policy in countries, based on the experiences of the Regulatory Policy Committee (RPC). The 2012 Recommendation is the most detailed set of guidelines or principles that the OECD has developed in the field of regulatory policy.
|International Regulatory Co-operation||Measuring Regulatory Performance|
The Regulatory Policy Committee was created by the OECD Council on 22 October 2009 to assist member and non-member countries in building and strengthening their regulatory policy of reform efforts. A number of Committee delegates -- Bureau members -- are designated annually to serve as officers who represent the Committee. They provide detailed direction to the OECD Secretariat on issues of management and planning of the programme of work.
The Regulatory Policy Division is part of the OECD Public Governance and Territorial Development Directorate (GOV). It serves as the Secretariat of the Regulatory Policy Committee and carries out its programme of work. The Regulatory Policy Division works with member and non-member countries to support the implementation of good regulatory practices.
For more information, please contact Jennifer Stein.
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