Chapter 10: Effective Regulatory Processes for Crisis Management: An Analysis of Codified Crisis Management in Europe
JOBNAME: Alermanno PAGE: 3 SESS: 6 OUTPUT: Tue Sep 6 13:22:57 2011 10. Effective regulatory processes for crisis management: an analysis of codiﬁed crisis management in Europe1 Lorenza Jachia and Valentin Nikonov It was the best of times, it was the worst of times. (Charles Dickens, A Tale of Two Cities, 1859) 10.1 INTRODUCTION This chapter aims at identifying issues that regulators should consider when designing, testing, implementing and maintaining crisis management plans and developing legislation that covers situations of emergency. Using the 2010 volcanic ash crisis as a case study of regulatory actions during emergency, we introduce a holistic model for managing risks within regulatory systems. We present contingency planning and emergency regulation as functions of well-designed regulatory systems and part of codiﬁed risk management. We argue that actions taken by the regulator in the immediacy of crisis will only be effective if the regulatory system embraces all functions of the risk-management process. The model provides insight into the research questions that this volume addresses; in particular determining a proportionate response to risks, assigning responsibility for risk-management functions to different stakeholders, involving the industry into preparing and responding to the situations of emergency. Also, the model is a tool to assess the gaps in legislation in different ﬁelds with regard to risk-management best practice. In the chapter, we analyze how environmental, food safety, ﬁnancial and aviation laws or regulations address crisis management and situations of emergency. Finally, we present our conclusions and recommendations on incorporating...
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