Regulatory Alerts2010-07-20
Guidelines for Regulatory Impact Analysis
The Bank of Italy issued Circular No. 277 on July 20, 2010, to establish the organizational framework and methodological guidelines for conducting Regulatory Impact Analysis (RIA) within its legislative process. The document defines the scope of application, distinguishing between exogenous and endogenous regulatory interventions, and mandates RIA for general regulatory acts while specifying exclusions and proportional simplifications. It outlines a structured approach involving problem identification, definition of regulatory options, cost-benefit analysis, comparative assessment, and ex-post monitoring to ensure efficient and transparent decision-making.
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