Committee questions independent reviewers on how regulators support economic growth
The Industry and Regulators Committee will continue its inquiry into the relationship between regulators and economic growth by hearing from witnesses who have conducted independent reviews of environmental and nuclear regulation. The Committee will consider the findings of these independent reviews and the extent to which the Government and regulators have acted on them. The Committee will discuss whether and how regulators can be less risk-averse, and whether this will require a change in their culture or resourcing. The Committee will also question whether legislative changes or clearer statements from politicians are needed in order for regulators to take a more flexible, open approach.
Meeting details
Possible questions include:
- Does the Government need to provide greater political cover for regulators to be less risk-averse?
- To what extent is legislative change needed to allow for a more flexible, outcomes-based approach to regulation?
- Are the right mechanisms or metrics in place to ensure that the Government, Parliament and the public will know if improvements have been made?
- To what extent has progress been made in implementing the recommendations of your reviews?