What is regulatory governance?

Delivering results and implementing reforms require significant government capacity. The implementation of regulatory reform is critically dependent on the existence of appropriate government commitment and institutions.

These institutions need to be transparent and accountable, with mandates and sufficient power to ensure that reform translates into action on the ground. They will need to ensure that regulation is part of the policy environment, not simply the tail end of the process. To meet policy objectives, regulation needs to be integrated into the policy cycle, so it can deliver those objectives.