The Governance Of Regulators Governance Of Regulators' Practices: Accountability, Transparency And Co-ordination
2016 / English / PDF
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Regulators operate in a complex, high-risk environment at the
interface between the public and the private sectors. They often
share some responsibilities for the sectors and industries they
regulate with other public institutions. And yet, if the lights go
out, tap water stop running, trains break down or phones stop
working, they are often held to account. In this challenging
environment, the governance of regulators is critical. The role of
the regulator and how it co-ordinates with other public
institutions, the powers it is given and how it is held accountable
for exercising these powers are key elements of a governance
architecture that needs to be carefully crafted and appropriately
implemented if the regulator is to succeed in combining effective
regulation with a high level of trust. This report looks at the way
in which four regulators – the Australian Competition and Consumer
Commission (Accc), the Australian Energy Regulator (Aer),
Portugal's Water and Waste Services Regulation Authority (Ersar)
and the Uk Office of Rail and Road (Orr) – have addressed these
governance challenges. The report identifies approaches to
implement accountability, transparency and co-ordination and helps
identify some lessons that can help guide how these principles can
be translated into practice.
Regulators operate in a complex, high-risk environment at the
interface between the public and the private sectors. They often
share some responsibilities for the sectors and industries they
regulate with other public institutions. And yet, if the lights go
out, tap water stop running, trains break down or phones stop
working, they are often held to account. In this challenging
environment, the governance of regulators is critical. The role of
the regulator and how it co-ordinates with other public
institutions, the powers it is given and how it is held accountable
for exercising these powers are key elements of a governance
architecture that needs to be carefully crafted and appropriately
implemented if the regulator is to succeed in combining effective
regulation with a high level of trust. This report looks at the way
in which four regulators – the Australian Competition and Consumer
Commission (Accc), the Australian Energy Regulator (Aer),
Portugal's Water and Waste Services Regulation Authority (Ersar)
and the Uk Office of Rail and Road (Orr) – have addressed these
governance challenges. The report identifies approaches to
implement accountability, transparency and co-ordination and helps
identify some lessons that can help guide how these principles can
be translated into practice.
