Monitoring and Management of Regulatory Compliance: A Literature Review

Governments and regulators are saddled with the burden of introducing and enforcing compliance to the right laws and regulations in order to address specific needs of our dynamic contemporary society. Irrespective of the instruments or mechanisms they use, they are often concerned with over or under-regulation, as well as regulatory effectiveness. Despite advances in the use of Information Systems to better facilitate compliance, little research has been done to explore how regulators enforce compliance or determine the effectiveness of regulations. Research on regulatory compliance has increased over the past few years, but the challenges regulators face are rarely addressed. This literature review explores and analyses how regulators currently monitor and manage regulatory compliance. The nine papers selected out of the 1207 candidates indicate a paucity of information in the regulatory compliance domain and suggests that exploring how regulators facilitate enacting and enforcing regulations should be of urgent concern today.