Regulatory Governance

According to the OECD (2010), “regulatory governance means the overall approach to regulating, including the structure of government, interaction between government and nongovernmental entities”. Regulatory Governance • Includes public-private partnerships to advance public objectives. • Includes policy analysis tools based on international best practices • Is often taken to include the roles of nongovernmental organisations in civil society, and perhaps in business as well Provider State Regulatory State The state must regulate based on efficiency and productivity. The state controls the provision of goods and services. Economic liberalisation process 2 Regulatory Governance From the elements used to strenghthen the regulatory governance those of the utmost importance are: the role and effectiveness of regulatory agencies and better regulation approach based on risk. Main elements to achieve a solid regulatory governance • Leadership and supervision • Role and effectiveness of regulatory agencies • Need to negotiate with all the actors • Balance between public and private regulation • Improve regulation based on risk • International dimensio