Regulatory design
Glossary of Capital Budgeting and Infrastructure Governance, published by the Organisation for Economic Co-operation and Development (OECD) in 2018, defines regulatory design as: ‘setting the "rules of the game" for a particular sector and market. The regulatory framework has profound impact on infrastructure investment, development, maintenance, upgrading and decommissioning. At the most basic level regulation is justified when its economic, social and environmental benefits justify the costs and net benefits are maximised. Regulation should serve the public interest and be informed by the legitimate needs of those affected by regulation. In addition to well-designed rules, good outcomes require that the implementation of these rules is overseen by regulators that enjoy adequate governance arrangements and whose mission allows for the achievement of expected economic, social, and environmental goals.’
[edit] Related articles on Designing Buildings
Featured articles
Check out some of the best features and news from Designing Buildings as well as key stories from around the web.
Construction Management, 2 June
Construction deaths halve in two years.
Green Book changes to drive investment in all parts of UK.
Minimum energy efficiency standards (MEES)
CIAT briefing on response to consultations for privately rented non-domestic properties.
Connect, collaborate, shape the future
Registration now live for UK Construction Week Birmingham.
CIOB announces Saul Humphrey FCIOB as new President for 26/27 term.
A quick, simple, and zero-bills solution to prevent overheating.
The adaptive reuse of large industrial structures.
Promoting the circular economy by extending the life of buildings.
CIAT responds to Climate Change Committee report
An urgent wake-up call for both government and the built environment.
Construction Management, 24 June
FMB pilot aims to build pipeline of site-ready tradespeople.
A quick introduction.
CLC publishes Mental Health Joint Code of Practice.
A quick introduction to its uses and risks.