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Risk-Based Approaches to Business Regulation : A Note for Reformers (English)

Governments increasingly use risk-based regulation (RBR) to adapt their degree of regulatory control to the actual risks posed by industry sectors, economic activities, and business establishments. Risk-based regulation aims to protect public goods, such as safety, health, and the environment, while at the same time avoiding unnecessary burdens on businesses. When designing regulation and developing models for monitoring and enforcement, risk guides assessments of costs and benefits. This note presents reformers and practitioners with the highlights of an approach to implementing a risk-based regulation system.


  • Author

    Molfetas-Lygkiaris,Aris, Grava,Lars Nikolajs

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  • Region

    The World Region,

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  • Doc Name

    A Note for Reformers

  • Keywords

    Business Regulation; operational risk assessment; occupational safety and health; food and drug safety; health and safety regulation; Base of the Pyramid; risk criterion; enforcement action; alternative to regulation; number of inspections; risk management system; complaint management system; public policy objective; number of workers; ex ante controls; fire safety systems; number of violations; fragile and conflict; genetically modified organism; frequency of visit; risk assessment process; Oil & Gas; Oil and Gas; remote rural area; principle of proportionality; risk to health; entire life cycle; government policy maker; opportunities for corruption; plant protection product; barrier to entry; third-party conformity assessment; hard rock mining; take stock; impact on health; information communication technology; gap in information; assessment of risk; public health; site inspection; risk profile; inspection system; economic sector; ICT Solutions; regulatory instrument; low risk; risk category; regulatory authority; cause harm; risk model; information campaign; complaints management; long-term strategy; license requirement; Business Registry; financial penalty; business license; framework law; investment climate; legal framework; third-party certification; regulatory outcome; legal entity; risk score; animal origin; professional association; available resources; public safety; inspection procedure; regulatory response; food safety; consumer awareness; boil water; radioactive material; treatment strategies; risk tolerance; legal entities; regulatory enforcement; regulatory control; business establishment; public good; performance management; technical expertise; first generation; enforcing authority; decision tree; associate degree; operational level; cold storage; water source; floor area; commercial building; perishable food; Nursing homes; Gas Storage; raw food; consumer protection; high compliance; sports facilities; labor right; Management Systems; enforcement resource; institutional framework; pest control; disposable gloves; joint inspections; fire exit; safety measure; sanitary inspection; administrative cost; legal act; assessment design; food poisoning; consumer safety; economic regulatory; core competencies; environmental tourism; administrative burden; regulatory criterion; advanced training; risk indicator; workplace hazard; regulatory mandate; artificial intelligence; public inspection; International Public; consultative activity; indoor smoking; international standard; working condition; high rise; risk analysis; Cardiovascular Disease; inspection data; statistical reports; business entity; monitoring process; risk control; responsive regulation; risk base; inspection activity; risk classification; research show; enforcement process; low frequency; enforcement procedure; high frequency; minor violation; contextual factor; data-collection system; information provision; monitoring activity; physical location; technology solution; alcohol production; legal basis; cattle farming; average duration; costs saving; intelligence gathering; smaller number; mature system; several factors; existing business; regulatory plan; assessment tool; tax authorities; tax authority; real time; dangerous chemical; enforcement function; increased transparency; data exchange; raise awareness; based systems; information sources; legal reform; occupational hazard; affected country; discretionary decision; virus spread; business objectives; compliance audit; business inspections; resource institution; Health Regulation; enforcement activity; online channels; legal requirement; communications technology; risk evaluation; new technology; dangerous material; refined product; raw material; Waste Management; high-risk activity; optimal intervention; alternative regulatory; state revenue; tax fraud; applicable law; regulatory burden; target system; subsidiary right; retail service; mandatory standard; extractive activity; traditional form



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Molfetas-Lygkiaris,Aris Grava,Lars Nikolajs

Risk-Based Approaches to Business Regulation : A Note for Reformers (English). Washington, D.C. : World Bank Group.