“…Despite advances in the study of regulatory governance in Latin America, there have been few attempts at empirical single‐country case analyses aimed at gaining a greater understanding of the complexity of how regulatory processes are affected by a country's specific administrative, political, and economic context. Studies that focus on a single‐country analysis of regulatory agencies include González (2018) and González and Verhoest (2020) in Colombia, Elizondo and Dussauge‐Laguna (2018, 2019) in Mexico, and Cunha et al (2017), Alves and Peci (2011), Peci and Sobral (2011), and Peci et al (2020) in Brazil. In this paper, we contribute to the study of how systemic features of developing countries shape regulatory policy design by analyzing the regulation strategy adopted by Mexico's then recently created Safety, Energy, and Environment Agency (the Agencia de Seguridad, Energía y Ambiente , or ASEA).…”