Risk-Based Approaches to Business Regulation : A Note for Reformers
Governments increasingly use risk-based regulation (RBR) to adapt their degree of regulatory control to the actual risks posed by industry sectors, economic activities, and business establishments. Risk-based regulation aims to protect public goods...
| Main Authors: | , |
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| Format: | Brief |
| Language: | English |
| Published: |
World Bank, Washington, DC
2020
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| Online Access: | http://documents.worldbank.org/curated/en/880271603464018549/A-Note-for-Reformers http://hdl.handle.net/10986/34675 |
| Summary: | Governments increasingly use risk-based
regulation (RBR) to adapt their degree of regulatory control
to the actual risks posed by industry sectors, economic
activities, and business establishments. Risk-based
regulation aims to protect public goods, such as safety,
health, and the environment, while at the same time avoiding
unnecessary burdens on businesses. When designing regulation
and developing models for monitoring and enforcement, risk
guides assessments of costs and benefits. This note presents
reformers and practitioners with the highlights of an
approach to implementing a risk-based regulation system. |
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