The quality of regulation depends, in part, on whether countries recognize the need to cut emissions — and can offer policies stable enough so that private firms will invest.
The index provider's decision to delay for another year highlights persistent concerns among global investors about government meddling in local markets as well as the quality of regulation and company accounts.
In several countries, the Bank finds, reform has galvanised the development of capital markets and helped to modernise the financial system, both by improving the quality of regulation and by generating services such as risk-rating.
The trouble is that the quality of regulation depends not so much on formal rules as on familiarity with markets that only the proximity of market practitioners can bring and many EU countries are losing this.
We analyze the positive and normative implications of regulatory oversight when the policymaking agency can improve the quality of regulation through effort, but only some kinds of effort are observable by the overseer, and the overseer's only power is the ability to veto new regulation.
Civil servants will have to make a more rigorous calculation of the costs that new rules will impose and the benefits they will produce.Since 1997, the Better Regulation task force, chaired by Lord Haskins, Labour peer and chairman of Northern Foods, has also been charged to improve the quality of regulation.
Additionally, Volet et al. (2009a) identify those factors that sustain group engagement in high-level co-regulation and contribute to improve the quality of regulation, such as asking questions or giving explanations.
Combining the use of two frameworks (Volet et al. 2009b; Rogat and Linnenbrink-Garcia 2011) to analyse group functioning in authentic settings allows for a more thorough understanding of how the quality of regulation processes can be shaped by the socioemotional aspects necessarily at play when humans interact in (as close as possible to) natural conditions.
A company can save up to 25% on compliance costs, while the quality of regulation also improves because multiple agencies can simultaneously review a given company's filings instead of having to do it in isolation from each other.
But irrespective of the before-after character of our study, the obvious impact of close potassium monitoring by GRIP-II on the quality of regulation itself cannot be denied.
