Black, Julia 
ORCID: 0000-0002-5838-3265 and Baldwin, Robert
(2012)
When risk-based regulation aims low: a strategic framework.
Regulation and Governance, 6 (2).
pp. 131-148.
ISSN 1748-5983
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Abstract
This article develops a strategic framework for regulators to employ when choosing intervention strategies for dealing with low risks and reviewing performance, building on the analysis by the same authors in the previous edition of this journal. The framework occupies the operational “middle ground” between risk analysis and formal enforcement action. At its core is a matrix, the Good Regulatory Intervention Design (GRID), which provides a framework to categorize sites or activities on the basis of two factors: the nature of the risk and the nature of the regulatee. Using GRID, regulators can select which intervention tools to use, and determine the overall level of regulatory intensity that should apply. GRID is accompanied by the Good Regulatory Assessment Framework (GRAF) for agencies to use in reviewing their performance and provides a step-by-step process for enabling “double loop learning.” The article also argues that the process of developing such a framework highlighted the extent to which “low risk” and “high risk” regulation are distinct. “Low risk” means “low priority.” Justifying why certain risks should not receive much regulatory attention requires a particular type of engagement, and has a bearing on the regulatory strategies that are adopted
| Item Type: | Article |
|---|---|
| Official URL: | http://onlinelibrary.wiley.com/journal/10.1111/%28... |
| Additional Information: | © 2012 Blackwell Publishing |
| Divisions: | Anthropology Law |
| Subjects: | B Philosophy. Psychology. Religion > BF Psychology H Social Sciences > HD Industries. Land use. Labor > HD61 Risk Management K Law > K Law (General) |
| Date Deposited: | 20 Jun 2012 09:12 |
| Last Modified: | 12 Dec 2024 00:08 |
| URI: | http://eprints.lse.ac.uk/id/eprint/44427 |
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