During the last weeks the European Commission has published a range of strategies about better regulation, about the digital single market and about how regulation can best be developed in order not to inhibit innovation. Today the Commission invited to a conference to discuss what kind of regulatory instruments are necessary to implement these strategies.
Together with Prof Dr Gerald Spindler (University of Göttingen) Prof Dr Christian Thorun (ConPolicy-Instiute) presented the results of their study. In the study different regulatory approaches are analysed to address challenges posed by digitalization. The study concludes that co-regulation can and should be regarded as an important instrument to complement and supplement classical ‘command and control’-regulation. Yet to be successfully implemented co-regulation necessitates a set of minimum requirements regarding standard setting and implementation & enforcement and an incentive-framework.