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International Regulatory Co-operation

Addressing Global Challenges

image of International Regulatory Co-operation

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.

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Foreword and Acknowledgements

This report responds to the request of the OECD Regulatory Policy Committee (RPC) to do a stocktaking exercise on International Regulatory Co-operation (IRC). It provides an overview of recent trends, the range of existing regulatory co-operation mechanisms (and actors involved) and preliminary lessons learnt from selected experiences. It builds on 10 case studies, a review of the literature and answers by RPC delegates to a questionnaire on IRC undertaken by the Secretariat in 2012.

English

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