REGULATORY REGIMES

Question 1

What are regulatory regimes?

Answer 1

A set of regulations established by government to regulate a specific activity

Question 2

What are the regulatory regimes participants?

Answer 2

1. Institutions - interest depending on the field of expertise
2. Political parties - certain groups will want to have more interest
3. Enterprises - regulations may impose costs to firms and therefore try to regulate them

Question 3

What are the outcomes of regulatory work?

Answer 3

Improved health and safety
environmental protection
Economic stability
Public security

Question 4

4 I’s of Institutional relations and regulations

Answer 4

ISSUES - Which issues are being adressed by regulation?
INTEREST - which interest will be benefited or harmed by regulation?
INSTITUTION - Which institutions are in context of regulations
INFORMATION - What is the quality of info. regarding complemented regulation

Question 5

What is regulatory capture?

Answer 5

When regulatory agency is influenced by the same industry that they are trying to regulate.

Question 6

How to mitigate effects of regulatory capture?

Answer 6

Transparency
Disclosure contracts
clear guidelines regarding lobbying and conflict of interest
Improving the integrity and in-dependency of public institutions