The Governance of Regulators Being an Independent Regulator

The Governance of Regulators Being an Independent Regulator
Author: OECD
Publisher: OECD Publishing
Total Pages: 94
Release: 2016-07-19
Genre:
ISBN: 9264255400

This report identifies the critical points where undue influence can be exercised at different moments in the life of a regulator and discusses some of the avenues for developing a culture of independence, including through interactions with stakeholders, staffing and financing.

Delegation in the Regulatory State

Delegation in the Regulatory State
Author: Fabrizio Gilardi
Publisher: Edward Elgar Publishing
Total Pages: 199
Release: 2009-01-01
Genre: Political Science
ISBN: 1848441363

. . . it is thanks to works like this one that we can make progress in the understanding of the phenomenon of independent regulatory authorities in Europe and elsewhere. Competition and Regulation in Network Industries When scholars and practitioners want to understand regulation in Europe, this book should be the first place they will turn. Combining innovative data, smart statistical analysis, and an in-depth knowledge of regulatory agencies and processes across a wide range of countries, Gilardi has produced an essential study of regulation and a stellar piece of scholarship. Charles Shipan, University of Michigan, US This is a crucial, important book for the study of independent regulatory agencies, an increasingly prevalent institution at the heart of the governance of markets. Gilardi offers an excellent quantitative analysis of the spread of such agencies. He presents a remarkable dataset and rigourously tests different explanations. His coverage is wide and his methods are first class. His conclusions will interest all scholars who work on the regulatory state. Mark Thatcher, London School of Economics, UK Regulatory agencies are an important aspect of the contemporary regulatory state. Drawing on an extensive body of comparative analysis, Fabrizio Gilardi s book provides a serious contribution that moves the literature forward. This book deserves to be considered carefully. Martin Lodge, London School of Economics, UK Fabrizio Gilardi s book is empirical political science of the regulatory state at its best. It has data of transnational breadth and depth that is diagnosed in a theoretically sophisticated way. The conclusion is that policymakers delegate in order to tighten the credibility of policy commitments and to tie the hands of future ministers who may have different preferences. This will become a building block for future scholarship on regulation and governance. John Braithwaite, Australian National University During the past 25 years, independent regulatory agencies have become widespread institutions for regulatory governance. This book studies how they have diffused across Europe and compares their formal independence in 17 countries and seven sectors. Through a series of quantitative analyses, it finds that governments tend to be more prone to delegate powers to independent regulators when they need to increase the credibility of their regulatory commitments and when they attempt to tie the hands of their successors. The institutional context also matters: political institutions that make policy change more difficult are functional equivalents of delegation. In addition to these factors, emulation has driven the diffusion of independent regulators, which have become socially valued institutions that help policymakers legitimize their actions, and may even have become taken for granted as the appropriate way to organize regulatory policies. Providing a broad comparison of independent regulatory agencies in Europe, Delegation in the Regulatory State will be of great interest to researchers and students in political science, public policy, and public administration.

Regulatory Effectiveness

Regulatory Effectiveness
Author: Jon Stern
Publisher: World Bank Publications
Total Pages: 59
Release:
Genre:
ISBN:

"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.

The Politics of Regulation

The Politics of Regulation
Author: Jacint Jordana
Publisher: Edward Elgar Publishing
Total Pages: 356
Release: 2004-01-01
Genre: Political Science
ISBN: 9781845420673

These changes, together with the general advance in the study of regulation, undoubtedly demand a re-evaluation of the theory of regulation, its methodologies and scope of application. This book is a perceptive investigation of recent evolutions in the manner and extent of governance through regulation. Scholars and students of comparative politics, public policy, regulation theory, institutional economics and political sociology will find it to be essential reading. It will also prove a valuable source of reference for those working or dealing with regulatory authorities and for business managers in private industries and services operating under a regulatory framework.

The Governance of Regulators

The Governance of Regulators
Author: OCDE,
Publisher: OCDE
Total Pages: 119
Release: 2014-06-30
Genre: Political Science
ISBN: 9789264209008

This publication provides guidance on the institutional arrangements for regulators. The chapters cover the following areas: Chapter 1. Role clarity; Chapter 2. Preventing undue influence and maintaining trust; Chapter 3. Decision making and governing body structure for independent regulators; Chapter 4. Accountability and transparency; Chapter 5. Engagement; Chapter 6. Funding and Chapter 7. Performance evaluation.

Delegation to Independent Regulatory Authorities in the Media Sector

Delegation to Independent Regulatory Authorities in the Media Sector
Author: Kristina Irion
Publisher:
Total Pages: 0
Release: 2014
Genre:
ISBN:

Today, it seems that independent regulatory authorities have almost become a natural institutional form for regulatory governance. This trend has economic and political roots, and numerous normative arguments for creating independent regulatory authorities have been put forward in the international economic, social science and legal literature, which this chapter will explore briefly. In the case of audiovisual media regulatory authorities the normative arguments for setting up independent regulators are more complex than just economic regulation. In the case of media there is a perceived need to prevent politicians and executive branches of government from exercising control over regulatory authorities because those would otherwise be highly susceptible to partisan interference. In this area, independence, as an institutional value of the regulator that should ensure the impartial and fair handling of its competences, has been a widely accepted media regulatory paradigm since the 1980s. This chapter will link regulatory theory and delegation to independent agencies with the inception of independent media regulatory authorities in Europe and introduce the various waves of development which have made this the leading institutional choice for audiovisual media governance.

Governance of Securities Regulators

Governance of Securities Regulators
Author: Richard Pratt
Publisher:
Total Pages: 36
Release: 2017
Genre:
ISBN:

This paper reviews the published work on the governance of regulatory authorities in order to identify the basic governance standards that apply and some of the factors that affect the implementation of good governance. There are four pillars of good regulatory governance: independence, accountability, transparency, and integrity. The regulator should be operationally independent from commercial and political influences in the exercise of its functions and powers. Accountability is the means whereby a regulatory authority is held responsible for the actions it takes. Transparency refers to the publication of relevant information designed to demonstrate consistency and openness. The fourth governance pillar, integrity, refers to the internal processes that the authority adopts to ensure there is discipline and consistency in its operations and to limit the risks of regulatory staff acting in their own self-interest as opposed to that of the authority and the market. These four elements are mutually reinforcing, in that accountability is necessary to provide legitimacy to independence, transparency is necessary to demonstrate that independence does not lead to abuse or improper behavior, and integrity is necessary to provide the discipline to control the exercise of independent powers. Available evidence suggests that independence and accountability are far from being universally applied in practice. The paper concludes with some practical suggestions that experience indicates are likely to enhance the effectiveness of the governance of securities regulators. Good governance of the securities regulator is necessary for effective regulation. It is also of importance in setting an example to encourage good corporate governance in the private sector.