Balancing Innovation and Compliance through Agile Regulation

In an era of rapid technological advancements and evolving business landscapes, traditional regulatory frameworks often struggle to keep pace. Rigid and outdated regulations can hinder economic growth and global competitiveness, leaving regulators ill-equipped to address complex and novel regulatory challenges.

Agile regulation offers a proactive, adaptive approach that enables policymakers to create flexible, evidence-based policies without stifling progress. By leveraging tools such as regulatory sandboxes and outcome-based regulations, regulators can test, refine, and scale regulations in real time. This approach minimizes unnecessary burdens while ensuring regulations remain effective, responsive, and aligned with economic and technological advancements.

This session by Mohamad Izahar bin Mohamad Izham, Partner and Head of the Government Advisory practice at Zaid Ibrahim & Co., Malaysia, explores the core principles of Agile Regulation and discusses how governments can adopt a more dynamic regulatory approach and collaborate with businesses to foster innovation, enhance compliance, and boost productivity.

Please click here to watch.

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