Risk-Based Regulation (RBR) achieves public policy objectives by targeting activities that pose the highest risk to the public well-being, and in turn lowers burdens for a variety of lower-risk sectors and firms. Lowering burdens improves compliance and allows firms to benefit from a more level playing field. By directing government resources towards the highest-risk areas, risk-based approaches also make the most of limited public resources. Well-functioning RBR systems further improve accountability by enhancing transparency and predictability of requirements in given sectors and as applied to different firms.