
Regulatory Technology for the 21st Century
Regulation is central to government’s management of complex systems. However, if designed or applied ineffectively, regulation may trigger significant losses, impose unnecessary financial...
COVID-19 has shown that innovations such as telemedicine, track-and-trace apps or drone delivery are no longer simply complementary tools that increase efficiency, but essential to the functionality of daily life, society and the economy and to prepare for future crises. Yet the pandemic has also shown that the regulation of emerging technologies is not flexible enough to allow us to introduce technological innovation quickly. The Global Future Council on Agile Governance brings together leading experts from business and government to drive regulatory reform that unleashes innovation and drives economic growth. The council is developing a playbook of agile regulatory techniques (e.g. regulatory sandboxes) that governments can adopt to support and stimulate innovation, drawing on best practices from around the world. Next year’s council will focus on developing the role of business in driving agile technology governance in support of government practices.
Co-chairs
Council Manager
Loren Newman, Government Affairs Lead, World Economic Forum
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