Regulatory independence – is it under threat and how can it be protected?


  • 06/11/2014
Speakers: Tim Tutton, Former Director of Regulation, National Grid; Richard Price, Chief Executive Officer, Office of Rail Regulation; and Dr Xeni Dassiou, Director, Centre for Competition and Regulation Policy, City University London.

In recent years, many of the UK’s economic regulators have faced the challenge of balancing an increasing number of statutory and ancillary duties, sometimes self-contradictory and often imposed to reflect increasingly specific, and often quantitative, policy objectives. Partly as a result of this, as well as broader developments in the affected industries, decisions of regulators have become increasingly subject to political scrutiny and pressure. This lecture will analyse the threats to regulatory independence, the potential consequences of its erosion and how it could be protected.

The Beesley Lectures are a series of eight annual lectures covering regulated industries in the UK. The lectures are held in memory of Professor Michael Beesley, who was a leading architect of the British  system of utility regulation and a Managing Trustee of the Institute of Economic Affairs. He founded the series in 1991 and organised them until his death in 1999.

The lectures are taking place every Thursday between 2nd October and 20th November this year, at the Institute of Directors. Evenings will begin at 6.30pm and delegates are encouraged to network over refreshments until 7pm, when the lecture will commence. Lectures will last for one hour, followed by a 20-minute response before handing over to the audience for extended discussion. The proceedings will end at 8.45pm with refreshments.

For more information, click here.

The lectures are organised with the assistance of the Centre for Competition & Regulatory Policy, City University.

Sponsored by PwC.