Risk management in regulatory frameworks: towards a better management of risks

This publication provides insights and recommendations for policymakers on designing regulatory systems that result in an efficient, effective and transparent management of risks. These systems are made not just of norms and regulations but also of institutions and infrastructure necessary to effectively prepare for and respond to risks, including disaster risks.

This is a practical book. It introduces a holistic model of a regulatory system, function by function and with real-life examples, which is based on the objective of managing risks effectively. The model shows how policymakers can adapt each phase of the risk management process to the reality of a regulatory system. It is intended to be used to establish a process for structuring collaboration among all stakeholders involved in designing and implementing regulations.