I sometimes will rant about the degree of overregulation in the US, in the construction industry and in business in general. Unfortunately, even with that, there are occasional bad practices that slip by the engineers, builders and public and private inspectors—sometimes intentionally. When conditions come that challenge the integrity of a building, many of these oversights are brought to light. I don't think that more regulations and oversight is the answer; these things just increase costs for everybody and we are already at a point of diminishing returns.
I think that the biggest problem is a lack of integrity in the individual; whether that be the builder or the inspector. Payoffs, kickbacks, excessive profit at the expense of good workmanship, incompetence, laziness, and accelerated completion schedules are more often the blame than existing regulations, which are sometimes overlooked anyways with bribes or being a member of the good old boy network.
I can't speak for best building practices outside the US but suspect human indiscretions are at least a part of the problem.
"It has always seemed strange to me... the things we admire in men, kindness and generosity, openness, honesty, understanding and feeling, are the concomitants of failure in our system. And those traits we detest, sharpness, greed, acquisitiveness, meanness, egotism, and self interest, are the traits of success. And while men admire the quality of the first they love the produce of the second."
John Steinbeck