Trust in Government - Better Regulation

TRUST IN THE REGULATORY SYSTEM

Building, maintaining and validating trust is a permanent agenda for many countries which is addressed through implementing good regulatory practices.

The regulatory system must work for everyone in society.

For citizens
It is important for justice, fairness and the rule of law as well in delivering public services.

For businesses
It is important to have reliability and confidence in regulatory governance for investment and growth.

For public administrations
It is important to have the confidence of stakeholders to act and trust in the efficiency and appropriate use of public resources for equal benefit for all citizen’s well-being and environmental protection.

REGULATORY POLICIES

The global financial and economic crisis has uncovered major failings in governance and regulation, which have undermined trust in public and private institutions alike. The Recommendation of the Council of the OECD on Regulatory Policy and Governance is the first comprehensive international statement on regulatory policy since the crisis.

The recommmendations provides governments with guidance to improve the design and enforcement of their regulatory framework; advises governments on the effective use of regulation to achieve better social, environmental and economic outcomes; and calls for a "whole-of-government" approach to regulatory reform.

Risk-based approaches to the design of regulation and compliance strategies can improve the welfare of the general public 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.

REGULATORY PRINCIPLES

The Best Practice Principles for the Governance of Regulators address the different facets of a regulator and proposes the best or good practices.

The Best Practice Principles for Improving Regulatory Enforcement and Inspections address the design of the policies, institutions and tools to promote effective compliance – and the process of reforming inspection services to achieve results.

‌REGULATORY PROCESSES

Regulatory Impact Analysis (RIA) is a systemic approach to critically assessing the positive and negative effects of proposed and existing regulations.

OECD analysis shows that conducting RIA within an appropriate systematic framework can strengthen the capacity of governments to ensure that regulations are efficient and effective.

CUTTING RED TAPE

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Cutting red tape to improve business conditions has become a priority for governments. This study compares administrative burdens in the transport sector.

RISK AND REGULATORY POLICY

‌‌‌	Analysis on risk and regulatory policy on core challenges which offers measures for developing, or improving, coherent risk governance policies.