OECD Council updates principles for smart regulation

The OECD Council endorsed on 22 March the Recommendation on Regulatory Policy and Governance. The text had been prepared by the Secretariat and discussed on several occasions with Member State delegates who shared national experiences acquired over the years, and best practices (see previous post). According to observers, this document updates thinking underlying regulatory policy to post-crisis environment and provides an instrument to direct efforts and monitor results in the improvement of the quality of regulation. See also the background on the "guiding principles" page of the OECD site and the dedicated brochure.