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The role of transparency in regulatory governance: comparing US and EU regulatory systems

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  • Susan E. Dudley
  • Kai Wegrich

Abstract

The United States and European Union have focused on improving the practices used to develop and implement legal requirements as a way to improve the quality of regulations themselves. Transparency in the regulatory process, from determining regulatory goals, to evaluating alternative means to achieve those goals, to enforcing regulatory requirements, features high on the agenda of cross-cutting government reform programs that address the issue of ‘regulatory quality.’ This article examines the transparency of procedures in the US and the EU related to impact analysis and public comment. It examines the importance of transparency for ensuring the effectiveness of these two regulatory practices, summarizes regulatory procedures in the US and the EU, compares the different approaches, and highlights the relative merits of each.

Suggested Citation

  • Susan E. Dudley & Kai Wegrich, 2016. "The role of transparency in regulatory governance: comparing US and EU regulatory systems," Journal of Risk Research, Taylor & Francis Journals, vol. 19(9), pages 1141-1157, October.
    • Handle: RePEc:taf:jriskr:v:19:y:2016:i:9:p:1141-1157
    DOI: 10.1080/13669877.2015.1071868
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    Cited by:

    1. Chiara Mio & Marco Fasan & Carlo Marcon & Silvia Panfilo, 2022. "Exploring Corporate Crisis Communication after COVID-19: The Role of Enterprise Risk Management in (Re)Building Trust," Working Papers 05, Venice School of Management - Department of Management, Università Ca' Foscari Venezia.
    2. Ali Meftah Gerged & Rami Salem & Eshani Beddewela, 2023. "How does transparency into global sustainability initiatives influence firm value? Insights from Anglo‐American countries," Business Strategy and the Environment, Wiley Blackwell, vol. 32(7), pages 4519-4547, November.
    3. Dominic Balog‐Way & Katherine McComas & John Besley, 2020. "The Evolving Field of Risk Communication," Risk Analysis, John Wiley & Sons, vol. 40(S1), pages 2240-2262, November.

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