The Department of the Taoiseach
Economist Intelligence Unit, 2009
Review of the regulatory environment in Ireland
Summary
The two broad objectives of the review have been to benchmark Irish economic sectoral regulators against comparable international practice, and to prepare conclusions and recommendations on how structures in Ireland might be improved. It has examined both the overall system of economic regulation and, as case studies, the operation of selected sector-specific regulators–in energy, communications, transport (civil aviation and taxis), health and safety, and financial services.
Withinthesebroadobjectives,thereviewhassoughttoaddressfivekeyquestions:whether current regulatory structures remain appropriate, given developments since their establishment and likely future requirements;
- whether existing statutory mandates sufficiently protect both public policy objectives and consumer interests, having regard to international best practice;
- the potential to merge regulatory functions in the light of international experience;
- the extent to which regulatory structures are effective and provide value for money based on international benchmarks; and
- the potential to strengthen accountability arrangements relating to the performance of regulatory functions.
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