November 2011 Slide of the Month

• Regulatory systems vary across countries as well as over time. However, the characteristics that reflect the activities of a well-developed regulatory agency are recognised through four attributes that are embedded into their process and procedures:
  • Transparency
  • Timeliness
  • Predictability
  • Quality
• As shown in this illustration, each of these attributes encompasses several characteristics.

Source: CIRS  2011 Emerging Markets focus study- Understanding the enablers of good regulatory process and decision making. What are the features that enable a transparent, timely, predictable and good-quality review?