International Regulatory Co-operation Addressing Global Challenges

The world is becoming increasingly global. This raises important challenges for regulatory processes which still largely emanate from domestic jurisdictions.   In order to eliminate unnecessary regulatory divergences and to address global challenges pertaining to systemic risks, the environment, and...

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Bibliographic Details
Corporate Author: Organisation for Economic Co-operation and Development
Format: eBook
Language:English
Published: Paris OECD Publishing 2013
Subjects:
Online Access:
Collection: OECD Books and Papers - Collection details see MPG.ReNa
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245 0 0 |a International Regulatory Co-operation  |h Elektronische Ressource  |b Addressing Global Challenges  |c Organisation for Economic Co-operation and Development 
260 |a Paris  |b OECD Publishing  |c 2013 
300 |a 160 p.  |c 16 x 23cm 
505 0 |a Building successful international regulatory co-operation -- Executive summary -- The IRC case studies -- Foreword and Acknowledgements -- Preface -- Trends in international regulatory co-operation -- The IRC survey -- Conclusion: Areas for further work -- Glossary -- Acronyms and abbreviations 
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520 |a The world is becoming increasingly global. This raises important challenges for regulatory processes which still largely emanate from domestic jurisdictions.   In order to eliminate unnecessary regulatory divergences and to address global challenges pertaining to systemic risks, the environment, and human health and safety, governments increasingly seek to better articulate regulations across borders and to ensure greater enforcement of rules and their application across jurisdictions. This report gathers in a synthetic manner the knowledge and evidence available to date on the various mechanisms available to governments to promote regulatory co-operation, and their benefits and challenges. The review of evidence confirms the increased internationalisation of regulation, which takes place through a wide variety of mechanisms and multiple actors, and highlights a shift in the nature of IRC from complete 'harmonisation' of regulation to more flexible options - such as mutual recognition agreements. Despite growing regulatory co-operation, however, decision making on IRC is not informed by a clear understanding of benefits costs and success factors of the diverse IRC options