Regulatory Stewardship: an empirical view

Abstract

Regulatory stewardship aims to ensure that various parts of a regulatory system work together to achieve its objectives, allowing regulators to keep the system fit for purpose over time. A novel dataset shows that regulatory stewardship is increasingly integrated into agency practices in New Zealand and has outlasted previous regulatory initiatives. Furthermore, regulatory systems amendment bills (RASBs) have doubled the rate of legislative adaptation, while broadening their scope and significance. Regulatory systems amendment bills provide a scalable model for tackling future regulatory challenges.