What is international regulatory cooperation?
International regulatory cooperation, which involves systematically considering the implications of regulation beyond national borders, will play a critical role in adapting our regulations to the rapidly evolving needs of a globalised world.
Is OECD a regulatory body?
The OECD Regulatory Policy Division The Regulatory Policy Division is part of the OECD Public Governance Directorate (GOV). The Regulatory Policy Division works with member and non-member countries to support the implementation of good regulatory practices.
What is regulated cooperation?
“Regulatory cooperation” is the process of interaction between U.S. and EU regulators, founded on the benefits regulators can achieve through closer partnership and greater regulatory interoperability.
Why does international regulation occur?
Why does international regulation occur? If businesses operate in multiple countries, then regulations imposed in one jurisdiction can affect companies operating out of others.
Why is international regulatory cooperation important?
The government’s work on international regulatory cooperation contributes to the Global Britain agenda to promote trade and the UK’s role in the world. Differences in regulations between countries can create some of the biggest barriers to trade, and tackling global challenges demand collective international action.
What is OECD policy?
The Organisation for Economic Co-operation and Development (OECD) is an international organisation that works to build better policies for better lives. Our goal is to shape policies that foster prosperity, equality, opportunity and well-being for all.
What is regulatory coherence?
For the purposes of this Chapter, regulatory coherence refers to the use of good regulatory practices in the process of planning, designing, issuing, implementing and reviewing regulatory measures in order to facilitate achievement of domestic and international policy objectives, and in efforts across governments to …
Do trade agreements Harmonise regulation?
Trade costs of regulatory measures can be reduced by full harmonisation of standards and regulatory convergence between trading partners. Harmonisation and convergence may best work for smaller economies that may benefit substantially from strong economies of scale when accessing the market of a large trading partner.
What is international regulation?
International regulation is regulation that occurs at the international level, often exercised by international organizations. A series of powerful international regulatory regimes have arisen especially in fields dealing with risk, such as banking, accountancy and the actuarial profession.
What is perda in Indonesia?
In Indonesia, a regional regulation (Indonesian: peraturan daerah or its acronym perda) is a regulation that is passed by Indonesian local governments and carry the force of law in that region. There are two levels of regional regulations.
What is regulatory diplomacy?
The Regulatory Diplomacy initiative promotes information-sharing on international engagement between government departments, the government’s overseas network, regulators and the business community. It also seeks to facilitate access for these stakeholders to government training, support and resources.