No matter which sector you are looking at, whether it is medical, financial or the gaming industry , companies operating within a defined and regulated Framework have a clear understanding of the legal regulations they must abide by.
If a company holds a legal license and is operating according to clear regulations there is less risk of legal complications or sanctions. For example, as long as a bank is operating under a banking license and is operating according to the regulations, like KYC, then there is less risk that the bank will face criminal charges for money laundering. The cost of regulation does not come only from the design of the regulations. When regulations are poorly administered this can create additional costs which reduce productivity.
The costs eventually filter down to the businesses and the entire industry even if the initial impact is on a particular business. These additional expenses can negatively impact the viability of a business, especially domestic businesses competing with international companies. For this reason, the government has developed a framework to assess regulators and issue a public report on the performance of the regulator.
What is a process map? Process mapping. The method. Process mapping: Phase 1 preparation. Process mapping: Phase 2 current processes. Process mapping: Phase 2 cont. Process mapping: Phase 3 analysis. Process mapping: Phase 4 improved processes. Key actions for improvement. How to successfully conduct a CRVS process mapping exercise. Guiding principles to strengthen CRVS processes design.
CRVS assessments: Know your system. What tools are available? Assessment tools. The rapid assessment tool. Comprehensive assessment tool. Country experiences using the tools. Findings from the assessment tools. How do I use findings from the assessment tools?
Related Free Resources Kaplan Blog. Contents [ Hide ] 1 The regulatory framework 1. Recent Discussions. Poverty and Homelessness. Technology and Engineering.
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