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  1. International Regulatory Co-operation (IRC) can help policymakers drive results by addressing these challenges and promoting regulatory approaches that work within and across national boundaries. In today's interconnected world, policy problems often have origins and impacts beyond traditional national borders.

  2. In turn, the potential costs of and obstacles to IRC relate to: 1) the burdens of and resources entailed with developing and maintaining the co-operation; 2) the distance from a jurisdiction’s own regulatory “optimum” and the rigidities that the co-operation may generate; 3) the loss of sovereignty (real or perceived) accompanying the consensus building and other challenges raised by the ...

  3. Jul 30, 2021 · International regulatory co-operation is a key pillar of regulatory policy in an interconnected world. And yet, its full scope and potentials remain often unknown to policymakers and regulators. This chapter aims to familiarise the reader with IRC.

  4. Box 1. OECD Regulatory Policy Committee work on international regulatory co-operation 14 Box 1.1. The evidence of an increasingly interconnected world 18 Box 1.2. International regulatory co-operation in action 20 Box 1.3. Examples of administrative efficiency gains from IRC 22

  5. regulatory cooperation can help regulatory departments and agencies enhance the effectiveness of the programs for which they are accountable. The requirements of the CDSR detailed in Section 3 below are a reflection of this broad commitment. 2.3 Regulatory Compatibility: An Opportunity for Regulators

  6. legalinstruments.oecd.org › en › instrumentsOECD Legal Instruments

    International regulatory co-operation (IRC) refers to any agreement or organisational arrangement, formal or informal, between countries to promote some form of co-operation in the development, monitoring, enforcement, or ex-post management of regulation; III. RECOMMENDS that Adherents promote and implement international regulatory co-operation by:

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  8. OECD Reviews of Regulatory Reform Better Regulation in Europe International Regulatory Co-operation: Case Studies, Vol. 2 : Canada-US Co-operation, EU Energy Regulation, Risk Assessment and Banking Supervision International Regulatory Co-operation: Case Studies, Vol. 1 : Chemicals, Consumer Products, Tax and Competition

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