Publication: Risk-Based Approaches to Business Regulation: A Note for Reformers
Date
2020-10-22
ISSN
Published
2020-10-22
Author(s)
Molfetas, Aris
Grava, Lars
Abstract
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.
Citation
“Molfetas, Aris; Grava, Lars. 2020. Risk-Based Approaches to Business Regulation: A Note for Reformers. Finance, Competitiveness and Innovation in Focus;. © World Bank, Washington, DC. http://hdl.handle.net/10986/34675 License: CC BY 3.0 IGO.”