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.
The OECD Network of Economic Regulators (NER) is a unique forum to promote dialogue across regulators operating in different sectors. The NER brings together more than 70 regulators from energy, telecommunications, transport and water to share experiences, discuss challenges and innovative solutions, and frame the features of a “world class regulator”.
Economic regulators play a key role in the overall governance of a sector, service or industry. They are fundamental actors in strengthening the contribution of regulatory policies to sustainable growth and development and rebuild trust in the role of public policy in achieving positive outcomes for citizens and businesses.
Economic regulators are confronted with new challenges. Following the financial and economic crisis, there has been a call for better regulation, to manage uncertainty and provide economic and policy stability. However, austerity measures have put heavy demands on already strained resources of public agencies, including regulatory agencies. The NER provides an opportunity to discuss how to address these challenges, with a strong attention for strengthening the performance and governance of economic regulators.
Events on the NER
Membership of the NER
To attend a meeting of the NER or find out about becoming a member please contact Faisal Naru.
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