Committee discusses how regulators are responding to innovation and technology
The Industry and Regulators Committee will continue its inquiry into the relationship between regulators and economic growth by hearing from Lord Willetts, Chair of the Government’s Regulatory Innovation Office. The Committee will discuss how RIO has worked across government and with regulators to respond to new innovations and technologies. The Committee will question whether regulators should be more open to innovation and less risk-averse, and the extent to which they need additional capacity and funding to adapt to developments. The Committee will also consider how regulators should work together to provide a more coordinated response to technologies that impact more than one sector, such as AI.
Meeting details
At 10:30am: Oral evidence
Inquiry
Regulators and growth
Chair at Regulatory Innovation Office
Possible questions include:
- How has RIO worked with government and regulators to respond to innovation and technological developments?
- To what extent can regulators enable growth and innovation by improving their day-to-day operations rather than taking a radically different approach?
- Have the regulators RIO has worked with seemed risk-averse, and if so, should they be given greater political cover to allow more risk?
- What lessons can RIO provide for regulators more widely from the work it has done with specific regulators or regulation?