Improvement of regulation is a crucial condition for efficient and secure development
The topic is very important – it is the balance between security and development of the economy, the speed of all our processes. It is not easy to find the right balance. On the one hand, we really care about safety. On the other, we understand that sometimes it may seem to hinder fast development of projects and create additional challenges and expenses — Dmitry Volkov, Deputy Minister of Construction, Housing and Utilities of the Russian Federation.
Our common goal is to build a fair and secure consumer market. There are two rules that need to be met to ensure its fairness. The first is transparent laws of the game, consistent market conditions and bona fides of the players. The second is the smart and informed consumer. There are two ways to achieve this. State control, oversight, so-called strict measures. And there is soft power that since 2015 is represented by Roskachestvo by a decree of the Russian government — Maxim Protasov, Head of the Russian Quality System (Roskaschestvo).
Smart regulation [aimed at reducing risks and stimulating economic growth, – Ed.] can really change the market situation towards growing — Francesco Pansardi, Vice President, Tedeschi Group.
One of the earliest references to smart regulation was made by the Australian scientist N. Gunningham in his eponymous book in the late 90s. The book was mainly devoted to the environmental regulation and laid foundation to a broader approach that combines different types of regulation in order to achieve more specific results on the market — Gordon Fairclough, World Coverage Chief, Foreign Editor, The Wall Street Journal.