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Ofcom, the Environment Agency and the HSE all stated that mitigating the risks and maximising...
Conclusion
Ofcom, the Environment Agency and the HSE all stated that mitigating the risks and maximising the opportunities of change in their sectors as a key challenge for them as regulators. For Ofcom, new technology has disrupted traditional business models and it is seeing a growth in the reach and power of some global technology and digital companies across its sectors, raising potential issues with monopolies and risks to competition.16 It is also taking on new responsibilities to regulate online harms and ensure that public telecoms providers are complying with their telecom security duties.17 In the case of the HSE, it has become the UK’s chemicals regulator now that the UK has left the EU and is also taking on new responsibilities in building safety regulation.18 The Environment Agency highlighted the climate emergency as the biggest challenge it faces, alongside ensuring its regulatory objectives keep pace with changing public attitudes.19
Government Response
A response document is linked to this report, dated 8 November 2021. Response attribution to this conclusion has not been verified. Read the response document.
Source
Committee
Public Accounts Committee
Report
Sixteenth Report - Principles of effective regulation
15 Sep 2021
HC 176
Addressee Bodies
HM Treasury
Timeline
Recommendation age
5.0 yrs
Report published
15 Sep 2021