Fundamentals of Regulatory Design

Fundamentals of Regulatory Design

Author: Malcolm Sparrow

Publisher:

Published: 2020-07-30

Total Pages: 144

ISBN-13:

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Subject: The modern regulatory world is crowded with ideas about different regulatory approaches including, among others: performance-based regulation, self-regulation, light-touch regulation, right-touch regulation, safety management systems, 3rd party regulation, co-regulation, prescriptive regulation, risk-based regulation, a harm-reduction approach, problem-solving, and responsive regulation. Are these various terms merely rhetorical, or aspirational? Do they signal the political preferences of the times? Which of them actually affect operations? Professional regulators--along with everyone else in the risk-control business--face a complex array of choices when they design (or redesign) their strategies and structures, programs, work-flows, relationships, and day-to-day operations. What regulators choose to do, and how they choose to do it, greatly affects their effectiveness, as well as the quality of life in a democracy. This book tackles five major design issues that affect all regulators (and can be applied by anyone else in the risk-control business). It demystifies the various labels and vogue prescriptions for regulatory conduct, clarifies the options, and generates a range of distinct ideas about what it might mean to be a "risk-based regulator." Audience: This book is designed primarily for regulatory practitioners, but will be relevant for other professionals whose roles include risk-management and harm-reduction. In the public sector, this includes law-enforcement and public-safety organizations, as well as security and intelligence agencies. In the private sector it includes compliance managers, safety officers and risk-managers. In the not-for-profit sector this includes any organization that takes on, or contributes to, harm-reduction missions. Author: Professor Malcolm K. Sparrow, of Harvard's Kennedy School of Government, has been working with senior officials in regulatory and enforcement agencies for over 30 years. Prior to joining Harvard's faculty in 1988, he served ten years with the British Police Service, rising to the rank of Detective Chief Inspector. He has authored eight other books, including The Regulatory Craft (Brookings, 2000) and The Character of Harms (Cambridge University Press, 2008). He chairs Harvard's Executive Program: "Strategic Management of Regulatory & Enforcement Agencies." Contents: This book is designed, in the context of a pandemic, to substitute for five core lectures/discussions that would normally be delivered face-to-face in executive-level courses and workshops. Professor Sparrow offers these lectures here in a comfortably accessible and conversational style. Each chapter describes a different dimension of choice, inviting readers to assess their own organization's history and habits as a precursor to figuring out whether, looking forward, some adjustment is warranted or desirable. Each chapter contains a collection of "Frequently Asked Questions" reflecting practitioners' common queries about the concepts presented, and ends with a "Diagnostic Exercise" (a set of probing questions) that readers can use, perhaps with colleagues in a book-group, to apply the analysis in their own setting. Online Teaching: Individual chapters can be assigned as "asynchronous study assignments" for courses on regulatory practice. Students, feeling "all screened out," may appreciate the availability of the paperback edition.


Regulatory Effectiveness

Regulatory Effectiveness

Author: Jon Stern

Publisher: World Bank Publications

Published:

Total Pages: 59

ISBN-13:

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"The authors review a number of studies on the effectiveness of utility regulatory agency and governance arrangements for the electricity industry, particularly for developing countries. They discuss governance criteria and their measurement, both legal frameworks and surveys of regulatory practice. They also discuss the results from econometric studies of effectiveness for regulatory agencies in the electricity and telecommunications industries and compare these with the results from econometric studies of independent central banks and their governance. The authors conclude with a discussion of policy implications and of priorities for information collection to improve understanding of these issues. "--World Bank web site.


Standards for Internal Control in the Federal Government

Standards for Internal Control in the Federal Government

Author: United States Government Accountability Office

Publisher: Lulu.com

Published: 2019-03-24

Total Pages: 88

ISBN-13: 0359541828

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Policymakers and program managers are continually seeking ways to improve accountability in achieving an entity's mission. A key factor in improving accountability in achieving an entity's mission is to implement an effective internal control system. An effective internal control system helps an entity adapt to shifting environments, evolving demands, changing risks, and new priorities. As programs change and entities strive to improve operational processes and implement new technology, management continually evaluates its internal control system so that it is effective and updated when necessary. Section 3512 (c) and (d) of Title 31 of the United States Code (commonly known as the Federal Managers' Financial Integrity Act (FMFIA)) requires the Comptroller General to issue standards for internal control in the federal government.


Achieving Regulatory Excellence

Achieving Regulatory Excellence

Author: Cary Coglianese

Publisher: Brookings Institution Press

Published: 2016-12-20

Total Pages: 360

ISBN-13: 0815728433

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Whether striving to protect citizens from financial risks, climate change, inadequate health care, or the uncertainties of the emerging “sharing” economy, regulators must routinely make difficult judgment calls in an effort to meet the conflicting demands that society places on them. Operating within a political climate of competing demands, regulators need a lodestar to help them define and evaluate success. Achieving Regulatory Excellence provides that direction by offering new insights from law, public administration, political science, sociology, and policy sciences on what regulators need to do to improve their performance. Achieving Regulatory Excellence offers guidance from leading international experts about how regulators can set appropriate priorities and make sound, evidence-based decisions through processes that are transparent and participatory. With increasing demands for smarter but leaner government, the need for sound regulatory capacity—for regulatory excellence—has never been stronger.


Regulatory Effectiveness and the Empirical Impact of Variations in Regulatory Governance

Regulatory Effectiveness and the Empirical Impact of Variations in Regulatory Governance

Author: John Cubbin

Publisher: World Bank Publications

Published: 2005

Total Pages: 45

ISBN-13:

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Abstract: "The authors assess for 28 developing countries over the period 1980-2001 whether the existence of a regulatory law and higher quality regulatory governance are significantly associated with superior electricity outcomes. Their analysis draws on theoretical and empirical work on the impact of independent central banks and of developing country telecommunications regulators. The authors' empirical analysis concludes that a regulatory law and higher quality governance are positively and significantly associated with higher per capita generation capacity levels. In addition, this positive impact continues to increase for at least three years and probably for over 10 years as experience develops and regulatory reputation grows. The results are robust to alternative dynamic specifications and show no sign of any significant endogeneity "--World Bank web site.


Strengthening a Workforce for Innovative Regulatory Science in Therapeutics Development

Strengthening a Workforce for Innovative Regulatory Science in Therapeutics Development

Author: Institute of Medicine

Publisher: National Academies Press

Published: 2012-04-04

Total Pages: 118

ISBN-13: 0309222176

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The development and application of regulatory science - which FDA has defined as the science of developing new tools, standards, and approaches to assess the safety, efficacy, quality, and performance of FDA-regulated products - calls for a well-trained, scientifically engaged, and motivated workforce. FDA faces challenges in retaining regulatory scientists and providing them with opportunities for professional development. In the private sector, advancement of innovative regulatory science in drug development has not always been clearly defined, well coordinated, or connected to the needs of the agency. As a follow-up to a 2010 workshop, the IOM held a workshop on September 20-21, 2011, to provide a format for establishing a specific agenda to implement the vision and principles relating to a regulatory science workforce and disciplinary infrastructure as discussed in the 2010 workshop.


Public Health Effectiveness of the FDA 510(k) Clearance Process

Public Health Effectiveness of the FDA 510(k) Clearance Process

Author: Institute of Medicine

Publisher: National Academies Press

Published: 2010-10-04

Total Pages: 141

ISBN-13: 0309162904

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The Food and Drug Administration (FDA) is responsible for assuring that medical devices are safe and effective before they go on the market. As part of its assessment of FDA's premarket clearance process for medical devices, the IOM held a workshop June 14-15 to discuss how to best balance patient safety and technological innovation. This document summarizes the workshop.


Organizing the Federal Communications Commission for Greater Management and Regulatory Effectiveness

Organizing the Federal Communications Commission for Greater Management and Regulatory Effectiveness

Author: United States. General Accounting Office

Publisher:

Published: 1979

Total Pages: 156

ISBN-13:

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There is substantial merit in the Federal Communications Commission's (FCC) form of organization for regulating domestic and international communications, a complex and politically sensitive area. Technological changes in the communications industry have prompted a critical reexamination of basic communications policy and regulatory methods contained in the enabling legislation of FCC. Many of the criticisms of independent regulatory agencies, including FCC, are directed at weaknesses related to internal organization and procedural matters, and management of the organization. FCC has not established a comprehensive planning process, a basic element of management, within which it defines its organizational goals and objectives in relation to its mission, sets priorities to achieve these goals and objectives, and measures results through organized, systematic feedback.


Regulatory Effectiveness Methodology. Phase II Research

Regulatory Effectiveness Methodology. Phase II Research

Author:

Publisher:

Published: 1979

Total Pages: 556

ISBN-13:

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An integrated package of methods is presented for evaluating the benefits and costs of USCG recreational boating safety (and similar) programs and regulations. A general procedure for developing specific accident model data bases is presented along with a selection guide of model forms. An Accident Recovery Model is described in depth and used to develop benefit estimations. Guidelines for and examples of the multistate benefit analysis technique are presented. The Box-Jenkins approach to time series analysis is described and used to generate forecasts of future boating fatalities. Equations are developed for predicting the potential benefits of contemplated regulations. Analytic techniques, including intervention analysis and Benefit Assessment Diagram methods, are presented for assessing the past benefit effects of USCG regulations. Benefit evaluation examples include the level flotation, safe powering, safe loading, and basic flotation regulations. Some basic interrelationship models are presented to illustrate the nature of the marine market and the cost transfers required for tracking cost elements.