What defines success for a regulator?
Whether striving to protect citizens from financial risks, climate change, inadequate health care, or the uncertainties of the emerging sharing economy, regulators must routinely make difficult judgment calls in an effort to meet the conflicting demands that society places on them. What defines success for a regulator?
Operating within a political climate of competing demands, regulators need a lodestar to help them define and evaluate success. Understanding and Achieving Regulatory Excellence provides that direction by offering new insights from law, public administration, political science, sociology, and policy sciences on what regulators need to improve their performance.
It provides guidance about how regulators can set appropriate priorities and make sound, evidence-based decisions through processes that are transparent and participatory. With increasing demands for smarter but leaner government, the need for sound regulatory capacity – for regulatory excellence – has never been stronger.