The Application of Regulatory Impact Assessment (RIA) on the Czech Financial Market
The impact assessment in its various forms has
recently become a very important part of policy-making and
legislation in many different countries. Regulatory impact assessment
(RIA) is yet another set of analytical methods deployed in the
legislation of the European Union, of many developed countries as
well as in many developing ones such as Mexico, Malaysia and
Philippines. The aim of this paper is to provide a theoretical
background for economic models in regulatory impact assessment
and an overview of their application especially on the financial
market in the Czech Republic. We found out an inadequate
application of these models, what makes room for further research in
this field.
[1] C. Wood, Environmental Impact Assessment: A Comparative Review,
2nd edition, Person Prentice Hall, 2003, p. 399
[2] B.K. Dutta, S. Bandyopadhyay, "Environmental Impact Assessment and
Social Impact Assessment - Decision Making Tools for Project
Appraisal in India", International Journal of Human and Social Sciences
vol.5, n. 6, 2010, pp. 350 - 355
[3] S. Payraudeau, H.M.G. van der Werf, "Environmental impact
assessment for a farming region: a review of methods", Agriculture,
Ecosystems and Environment, vol. 107, 2005, pp. 1-19
[4] J. F. Feenstra, I. Burton, J.B. Smith, R.S.J. Tol (eds.), Handbook on
Methods for Climate Change Impact Assessment and Adaptation
Strategies, UNEP, 1998
[5] C. Kirkpatrick, D. Parker, "Regulatory impact assessment and regulatory
governance in developing countries", Public Administration and
Development, vol. 24, n. 4, pp. 333-344, October 2004
[6] C. Kirkpatrick, D. Parker (eds.), Regulatory Impact Assessment
Towards Better Regulation, Edward Elgar Publishing, 2007, p. 286
[7] F. De Francesco, C.M. Radaellli, "Indicators of regulatory quality", in
Regulatory Impact Assessment Towards Better Regulation, C.
Kirkpatrick, D. Parker (eds.), Edward Elgar Publishing, 2007, p. 36
[8] H.A. Becker, "Social Impact Assessment", European Journal of
Operational Research, vol. 128, n. 2, 16 January 2001, pp. 311-321
[9] A. Scott-Samuel, "Health impact assessmentÔÇötheory into practice",
Journal of Epidemiology and Community Health, 1998; vol. 52, pp.
704-705
[10] J. Chvalkovska, P. Jansky, M. Mejstrik. "Identifying corruption in
legislation using risk analysis methods", World Academy of Science,
Engineering and Technology, Forthcoming in 2012.
[11] ACSS, "Building Savings in 2009", Association of Czech Building
Societies in the Czech Republic, 2010
[12] ACSS, "Building Savings in 2010", Association of Czech Building
Societies in the Czech Republic, 2011
[13] J. Cernohorsky, G. Serdarević, P. Teply, P. "Theoretical background for
competitive merger analysis", Scientific Papers of The University of
Pardubice Series D, University of Pardubice, vol. 16, 2010, pp. 50-57.
[14] P. Jakubik and P. Teply,"The JT index as an indicator of financial
stability of corporate sector", Prague Economic Papers, vol. 2, June
2011, pp. 155-175, ISSN 1210-0455.
[15] R. Horvath, P. Teply, "The future of building savings in the Czech
Republic", research study, Prague: Charles University, July 2011
[16] MFCR, "RIA on proposed changes in the Buildings Savings Act",
Ministry of Finance of The Czech Republic, 2010
[17] MFCR, "Report on financial market developments in 2010", Ministry of
Finance of The Czech Republic, June 2011
[18] MFCR, "RIA on proposed changes in the Buildings Savings Act",
Ministry of Finance of The Czech Republic, July 2011
[19] M. Mejstř├¡k, M., Pe─ìen├í, M., and P. Tepl├¢, Basic Principles of Banking.
Prague: Karolinum press, 2008.
[20] K. Pokorna and P. Teply, "Sovereign Credit Risk Measures", Proc. of
2010 International Conference on Business and Economic Sciences,
Dubai: World Academy of Science, Engineering and Technology, vol.
73, January 2011, pp. 652-656.
[21] M. Rippel and P. Teply,"Operational Risk - Scenario Analysis", Prague
Economic Papers, vol. 1, March 2011, pp. 23-39, ISSN 1210-0455.
[22] G. Serdarevic, P. Teply, "Mathematical models of oligopolies-
behaviour", Proc. International Conference on Mathematics and
Mathematical Sciences, Bali: World Academy of Science, Engineering
and Technology, vol. 58, January 2011, pp. 883-887.
[23] P. Serdarevic, P. Teply," The Efficiency of EU Merger Control during
the Period from 1990-2008", Czech Journal of Finance, vol. 3,
September 2011, pp. 253-276, ISSN 0015-1920.
[24] M. Sinka, P. Teply, "The (non)sense of private equity regulation?",
Scientific Papers of The University Pardubice, vol. 2, 2011, pp.155-166.
[25] P. Teply, "The importance of MAC questions in regulation", Internal
research report, University of Economics, Prague, 2010
[26] P. Teply, R. Chalupka, and J. Cernohorsky, "Operational Risk And
Economic Capital Modeling", Proc. International Conference on
Business, Economics and Tourism Management, World Academic
Press, Feb. 2010, pp. 70-75, ISBN13: 978-1-84626-026-1.
[27] P. Teply, "Exit Strategies from The Global Crisis", Proc. of 2010
International Conference on Business, Economics and Tourism
Management, Paris: World Academy of Science, Engineering and
Technology, 2010, pp. 387-392, ISSN: 2070-3724.
[28] P. Teply, "The Key Challenges of The New Bank Regulations", Proc. of
2010 International Conference on Business, Economics and Tourism
Management, Paris: World Academy of Science, Engineering and
Technology, 2010, pp. 383-386, ISSN: 2070-3724.
[29] P. Teply, "The Future Regulatory Challenges of Liquidity Risk
Management ", Proc. of 2010 International Conference on Business and
Economic Sciences, Dubai: World Academy of Science, Engineering
and Technology, vol. 73, January 2011, pp. 657-661.
[30] TheCityUK. "Private Equity 2011", August 2011, available at:
http://www.thecityuk.com/media/179004/private%20equity%202011.pd
f
[1] C. Wood, Environmental Impact Assessment: A Comparative Review,
2nd edition, Person Prentice Hall, 2003, p. 399
[2] B.K. Dutta, S. Bandyopadhyay, "Environmental Impact Assessment and
Social Impact Assessment - Decision Making Tools for Project
Appraisal in India", International Journal of Human and Social Sciences
vol.5, n. 6, 2010, pp. 350 - 355
[3] S. Payraudeau, H.M.G. van der Werf, "Environmental impact
assessment for a farming region: a review of methods", Agriculture,
Ecosystems and Environment, vol. 107, 2005, pp. 1-19
[4] J. F. Feenstra, I. Burton, J.B. Smith, R.S.J. Tol (eds.), Handbook on
Methods for Climate Change Impact Assessment and Adaptation
Strategies, UNEP, 1998
[5] C. Kirkpatrick, D. Parker, "Regulatory impact assessment and regulatory
governance in developing countries", Public Administration and
Development, vol. 24, n. 4, pp. 333-344, October 2004
[6] C. Kirkpatrick, D. Parker (eds.), Regulatory Impact Assessment
Towards Better Regulation, Edward Elgar Publishing, 2007, p. 286
[7] F. De Francesco, C.M. Radaellli, "Indicators of regulatory quality", in
Regulatory Impact Assessment Towards Better Regulation, C.
Kirkpatrick, D. Parker (eds.), Edward Elgar Publishing, 2007, p. 36
[8] H.A. Becker, "Social Impact Assessment", European Journal of
Operational Research, vol. 128, n. 2, 16 January 2001, pp. 311-321
[9] A. Scott-Samuel, "Health impact assessmentÔÇötheory into practice",
Journal of Epidemiology and Community Health, 1998; vol. 52, pp.
704-705
[10] J. Chvalkovska, P. Jansky, M. Mejstrik. "Identifying corruption in
legislation using risk analysis methods", World Academy of Science,
Engineering and Technology, Forthcoming in 2012.
[11] ACSS, "Building Savings in 2009", Association of Czech Building
Societies in the Czech Republic, 2010
[12] ACSS, "Building Savings in 2010", Association of Czech Building
Societies in the Czech Republic, 2011
[13] J. Cernohorsky, G. Serdarević, P. Teply, P. "Theoretical background for
competitive merger analysis", Scientific Papers of The University of
Pardubice Series D, University of Pardubice, vol. 16, 2010, pp. 50-57.
[14] P. Jakubik and P. Teply,"The JT index as an indicator of financial
stability of corporate sector", Prague Economic Papers, vol. 2, June
2011, pp. 155-175, ISSN 1210-0455.
[15] R. Horvath, P. Teply, "The future of building savings in the Czech
Republic", research study, Prague: Charles University, July 2011
[16] MFCR, "RIA on proposed changes in the Buildings Savings Act",
Ministry of Finance of The Czech Republic, 2010
[17] MFCR, "Report on financial market developments in 2010", Ministry of
Finance of The Czech Republic, June 2011
[18] MFCR, "RIA on proposed changes in the Buildings Savings Act",
Ministry of Finance of The Czech Republic, July 2011
[19] M. Mejstř├¡k, M., Pe─ìen├í, M., and P. Tepl├¢, Basic Principles of Banking.
Prague: Karolinum press, 2008.
[20] K. Pokorna and P. Teply, "Sovereign Credit Risk Measures", Proc. of
2010 International Conference on Business and Economic Sciences,
Dubai: World Academy of Science, Engineering and Technology, vol.
73, January 2011, pp. 652-656.
[21] M. Rippel and P. Teply,"Operational Risk - Scenario Analysis", Prague
Economic Papers, vol. 1, March 2011, pp. 23-39, ISSN 1210-0455.
[22] G. Serdarevic, P. Teply, "Mathematical models of oligopolies-
behaviour", Proc. International Conference on Mathematics and
Mathematical Sciences, Bali: World Academy of Science, Engineering
and Technology, vol. 58, January 2011, pp. 883-887.
[23] P. Serdarevic, P. Teply," The Efficiency of EU Merger Control during
the Period from 1990-2008", Czech Journal of Finance, vol. 3,
September 2011, pp. 253-276, ISSN 0015-1920.
[24] M. Sinka, P. Teply, "The (non)sense of private equity regulation?",
Scientific Papers of The University Pardubice, vol. 2, 2011, pp.155-166.
[25] P. Teply, "The importance of MAC questions in regulation", Internal
research report, University of Economics, Prague, 2010
[26] P. Teply, R. Chalupka, and J. Cernohorsky, "Operational Risk And
Economic Capital Modeling", Proc. International Conference on
Business, Economics and Tourism Management, World Academic
Press, Feb. 2010, pp. 70-75, ISBN13: 978-1-84626-026-1.
[27] P. Teply, "Exit Strategies from The Global Crisis", Proc. of 2010
International Conference on Business, Economics and Tourism
Management, Paris: World Academy of Science, Engineering and
Technology, 2010, pp. 387-392, ISSN: 2070-3724.
[28] P. Teply, "The Key Challenges of The New Bank Regulations", Proc. of
2010 International Conference on Business, Economics and Tourism
Management, Paris: World Academy of Science, Engineering and
Technology, 2010, pp. 383-386, ISSN: 2070-3724.
[29] P. Teply, "The Future Regulatory Challenges of Liquidity Risk
Management ", Proc. of 2010 International Conference on Business and
Economic Sciences, Dubai: World Academy of Science, Engineering
and Technology, vol. 73, January 2011, pp. 657-661.
[30] TheCityUK. "Private Equity 2011", August 2011, available at:
http://www.thecityuk.com/media/179004/private%20equity%202011.pd
f
@article{"International Journal of Business, Human and Social Sciences:57121", author = "Jana Chvalkovska and Petr Jansky and Petr Teply", title = "The Application of Regulatory Impact Assessment (RIA) on the Czech Financial Market", abstract = "The impact assessment in its various forms has
recently become a very important part of policy-making and
legislation in many different countries. Regulatory impact assessment
(RIA) is yet another set of analytical methods deployed in the
legislation of the European Union, of many developed countries as
well as in many developing ones such as Mexico, Malaysia and
Philippines. The aim of this paper is to provide a theoretical
background for economic models in regulatory impact assessment
and an overview of their application especially on the financial
market in the Czech Republic. We found out an inadequate
application of these models, what makes room for further research in
this field.", keywords = "regulatory impact assessment, RIA, impact
evaluation, building societies, Czech Republic", volume = "6", number = "5", pages = "868-4", }
