OECD Reviews of Regulatory Reform Regulatory Impact by OECD Organisation for Economic Co-operation and Development

By OECD Organisation for Economic Co-operation and Development

Regulatory influence research (RIA) is a systemic method of significantly assessing the confident and unwanted effects of proposed and current laws and non-regulatory possible choices. This e-book brings jointly fresh OECD examine and research bearing on methodological matters and state reports with RIA. The accumulated papers hide a few demanding situations to the effectiveness of RIA together with: systemic elements which impact the standard of RIA; methodological frameworks which can help RIA to enhance legislation; assistance on utilizing RIA to prevent pointless legislation of aggressive markets; and a overview of using RIA within the law of company governance throughout a few OECD nations. Taken jointly, this book offers useful, useful suggestions on how one can enhance the functionality of RIA structures to advertise monetary welfare via larger caliber regulation.Table of content material :AcronymsExecutive SummaryChapter 1. Regulatory effect research - a device for coverage CoherenceChapter 2. Determinants of caliber in Regulatory influence AnalysisChapter three. Methodological Frameworks for Regulatory effect research - Valuation, chance and Benefit-Cost AnalysisChapter four. techniques for Integrating festival review into Regulatory influence AnalysisChapter five. using RIA to coverage Making within the sector of company Governance

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Extra info for OECD Reviews of Regulatory Reform Regulatory Impact Analysis: A Tool for Policy Coherence

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In this light, the above evidence of progress in providing a basis for more consistent policy decision-making in these areas is clearly encouraging. REGULATORY IMPACT ANALYSIS: A TOOL FOR POLICY COHERENCE – ISBN 978-92-64-04354-1 – © OECD 2009 37 2. DETERMINANTS OF QUALITY IN REGULATORY IMPACT ANALYSIS nl y u le O d se ea EC D Br o Social discount rate. The RIA inventory highlighted the importance of the social discount rate as a key issue in terms of benefit-cost methodology. An appropriate discount rate should be applied to benefit-cost analyses if the results are to be properly reflective of societal rates of time preference.

It is notable, in this context, that some governments have adopted guidance on risk assessment that includes the use of quantitative thresholds. For example, in the United Kingdom, the Health and Safety Executive (HSE) proposes the following quantitative thresholds (Health and Safety Executive, 2001, pp. 44-45): u Lect An ● Fatality risks of 1 in 1 million years should be regarded as broadly acceptable. ● Fatality risks of 1 in 10 000 years should be regarded as at the boundary between tolerable and unacceptable risks for members of the public who have a risk imposed upon them in the broader interests of society.

A result of this is that a relatively limited number of RIA is prepared and, in turn, this implies that policy officials tend to conduct RIA only rarely. This highlights the importance of providing adequate support to regulators to enable them to prepare high-quality RIA.

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