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International Regulatory Co-operation

International Regulatory Co-operation

(2013)

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Abstract

The world is becoming increasingly global. This raises important challenges for regulatory processes which still largely emanate from domestic jurisdictions. In order to eliminate unnecessary regulatory divergences and to address the global challenges pertaining to systemic risks, the environment, and human health and safety, governments increasingly seek to better articulate regulations across borders and to ensure greater enforcement of rules. But, surprisingly, the gains that can be achieved through greater co-ordination of rules and their application across jurisdictions remain largely under-analysed. 
This volume complements the stocktaking report on International Regulatory Co-operation: Rules for a Global World by providing evidence on regulatory co-operation in the area of transboundary water management and through the fast development of transnational private regulation.  

Table of Contents

Section Title Page Action Price
Cover\r Cover
Content\r vi
Abbreviations and acronyms viii
Chapter 1:\rTransnational private regulation 1
The context of transnational private regulation 2
Main characteristics of transnational private regulation 2
Why is TPR taking place? 2
Who are the transnational private regulators? 4
What is subject to regulation? 6
How do these organisations regulate? 7
Where does regulation occur? 7
Evolution of regulatory chains: The birth of meta-regulators 8
An overview of transnational regulatory co-operation 9
A typology of the actors involved 10
How do TPR schemes frame and implement co-operation? 13
Levels of co-operation 13
Formality 14
Instruments used for co-operation 15
Functional dimension of co-operation 16
Preliminary stage 16
Co-operation within the regulatory process 16
Activities surrounding the regulatory process: Recognition ofstandards – benchmarking 17
Why are co-operative TPR schemes created? 17
Reasons for first tier co-operation 18
Efficiency, inter-firm co-ordination and competition, collusion 18
Complementing or pre-empting public regulation 18
Enhancing legitimacy and effectiveness 19
Controlling the value chain 19
Overcoming missing competencies 20
Reasons for second tier co-operation 20
Proliferation and fragmentation 20
Conflict avoidance and creation of coherency 21
Reducing transaction costs through standardisation 22
Enhancing quality and effectiveness 23
Improving effectiveness of compliance mechanisms 23
Signalling and enhancing legitimacy 24
Broadening the scope of regulatory activities 24
Achieving competitive advantage 24
Assessment 25
Conclusion 30
Notes 32
Bibliography 42
Chapter 2:\rTransboundary water management 51
Introduction 52
An overview of mechanisms and actors 53
Legal principles and agreements 53
Institutional arrangements in support of IRC 58
Main co-operation mechanisms used 59
Instruments of co-ordination 59
Functions being co-ordinated/components covered in agreements 60
Overall assessment and next steps 61
Known benefits 61
Challenges 62
Requirements of successful co-ordination 64
Costs 67
Next steps 67
A case in point: The International Commission for the Protection of the Rhine 68
Main characteristics 68
Actors involved 68
Intended objectives 69
Form that the co-operation is taking 70
Short history of the development of the ICPR 70
Assessment 73
Known benefits15 73
Challenges (and when they exist, mechanisms to overcome them) 73
Costs 74
Next steps 74
Notes 75
Annex 2.A1:\rInternational legal and soft law instruments affecting transboundary water governance 78
Annex 2.A2:\rExamples of international agreements for the transboundary management of individual water courses 82
Annex 2.A3:\rUnited Nations engagement 86
Annex 2.A4:\rNon-governmental organisations and initiatives on transboundary water 88
Annex 2.A5:\rDevelopment of co-ordination with respect to the Rhine: Main landmarks 90
Bibliography 91
ORGANISATION FOR ECONOMIC CO-OPERATIONAND DEVELOPMENT 95