| Date Issued: | 23/07/2024 | Applicable to: | All firms | |
| Link(s): | DRCF: Delivering impact through cooperation | DRCF | |||
Context
The DRCF is keen to continuously iterate and realise the full benefits of effective regulatory cooperation for regulators, industry and wider society. Each year, the DRCF Annual Report sets out its achievements, projects and outputs for the twelve-month period (see its latest here).
Key points to note and next actions
To complement the facts and figures contained in the Annual Reports, this article is a more in-depth view of some aspects of the DRCF’s impact. Where possible, as mentioned in its 2024/2025 workplan, it will continually use data and metrics to identify and measure the DRCF’s impact.
- DRCF has provided benefits for regulators, government and wider society.
- DRCF has enabled regulatory efficiency, resulting in cost savings and shared expertise in areas of research as well as contributing to regulator capabilities.
- DRCF’s work to ensure coherence between regulatory remits has brought direct benefits for industry and consumers.
- DRCF has enabled more streamlined communication between regulators and industry, resulting in joined up approaches to legislative change.
- DCRF will continue to gather information on the impact it makes, using it to continually iterate its projects and workstreams.
The article explores the DCRF’s approach to assessing impact, its impact externally, the member regulator impact, and its next steps.