Episode 33: Interview with New Zealand Deputy PM David Seymour
In this month's podcast, New Zealand Deputy Prime Minister David Seymour MP talks to Institute of Regulation Chair Marcial Boo about regulatory reform in New Zealand, including their Regulatory Standards Act, just passed. David, who is also Minister for Regulation, says that regulation must maximise benefit and minimise cost. This includes the option not to regulate. He argues that regulation has often increased costs in response to infrequent risks: the fear of earthquakes increases burdens on property developers, for example. His new law sets a more consistent framework, so that new burdens are not imposed on the basis of emotion, but through a transparent methodology, so that the impact of new regulations is known. He recognises that some politicians find it hard to apply regulatory discipline in practice when under pressure to 'do something'. So, he will incentivise good behaviour through a regulatory standards board to assess new regulations and make sure that additional checks and balances are put in place through regulation, actually bringing benefits. He says that the regulatory profession needs to look at itself in the mirror too, to assess whether the benefit of their work outweighs the cost imposed. David also discusses international collaboration and how countries can benefit by trusting the regulatory scrutiny and assurance of other jurisdictions to save time and money, although he accepts that taking rules from others can reduce the scope for domestic innovation. David ends by advising UK policymakers to look carefully at the costs and benefits of each additional rule to assess whether regulatory accretion is really worthwhile.Keywords: regulatory reform, cost-benefit analysis, risk management, transparency, international collaboration, improving regulatory discipline
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Episode 32: Regulating information and data protection
In this month's podcast, Institute Chair Marcial Boo talks to senior Information Commissioner's Office staff Emily Keaney and Angela Balakrishnan on how the ICO ensures our personal data are kept safe through the regulation of businesses and public bodies. Their discussion notes how good communications can encourage compliance, and how the ICO, like other regulators, sometimes has difficult conversations with those being regulated, using a range of regulatory tools to be effective. They also talk about the challenge of new technology, including AI, the importance of prioritising regulatory interventions, and how the first step is to get the basics right. You can hear the podcast here, with more information on the ICO website (ico.org.uk).Keywords: Data protection, Information rights, Privacy regulation, Cyber regulation, Digital trust, Freedom of information
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Episode 31: Should regulators commercialise?
This month's podcast from the @Institute of Regulation asks whether regulators should make money from their assets - their data and their knowledge of regulation and the law. Some might say not; regulators are often funded from public money. But @Richard South, Chief Executive of @TSO, and @Sam Walsh, a partner at @Deloitte, argue that there are legitimate ways for regulators to benefit from their assets in ways that can improve compliance and save public money.They recommend that regulators first understand what assets they have, and then find ways to make their regulations and guidance available in ways that are accessible to their users. Today, this means not only users themselves but the AI tools that can be deployed to help users comply. UK expertise can legitimately be commercialised internationally too. They conclude that, by keeping an open mind, and by understanding what assets they have, UK regulators have opportunities to save taxpayers' money and generate growth if they sometimes think commercially too. You can listen to the podcast here.
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Episode 30: The UK Government's Regulatory Policy Committee and its role in helping to improve UK regulation
In this month's podcast from the @ Institute of Regulation, our Chair @ Marcial Boo speaks to the Chair of the UK Government's @ Regulatory Policy Committee, @ Stephen Gibson. He talks about the RPC's role to help improve UK regulation, advising Parliament on the quality of the evidence and analysis in any new regulatory measures proposed by the government
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Episode 29: The General Medical Council
This podcast will facilitate a discussion with two senior figures from the General Medical Council: CEO and Registrar Charlie Massey and Director of Registration and Revalidation Una Lane. They will discuss how the GMC regulates and the challenges it faces, as well as wider issues of interest to other regulators. The audience of the Regulation Podcast is professional regulators and those interested in regulation. The Institute of Regulation has 60 corporate regulator members, around 40% of the UK regulatory community, as well as 15 corporate affiliate members from commercial firms that supply and work with regulators, including consultancies, search firms and IT companies, and also over 200 individual members. The podcast also has a domestic and an international audience among regulators (of up to 500 listens per episode) including in Australia and New Zealand. Some UK civil servants listen too. Previous podcasts are at: https://ioregulation.org/podcast and are on Spotify.The podcast is hosted by Marcial Boo, chair of the Institute of Regulation, and CEO of four regulators over his career, currently regulating insolvency and bankruptcy financial services. The sound engineer for the podcast is Neil Bowerman. Neil will send out professional microphones to participants in advance, upon receipt of addresses.On the day of the recording, after we have checked the technical requirements and the recording has started, Marcial will introduce the topic of the podcast and the guests. The podcast will last around 30 minutes in total. It will be conversational in style. We discourage long pre-prepared ‘speeches’, and aim for shorter interventions, but equally we are happy for participants to get across their key messages and promote their work. Any bad ‘mistakes’ can be edited out, but we will record it ‘as live’. An outline script for the podcast is below to allow for preparation. But we may deviate ‘off script’ to pursue an interesting issue or cut questions short to end on schedule.
Welcome to The Regulation Podcast – helping you to understand what regulation is all about, what it’s for and why it matters to you, to businesses, to organisations and to everyone. Listen to this new podcast show from the Institute of Regulation, packed full of insightful interviews with regulation leaders and experts and some energetic discussions on many aspects of regulatory theory and practice.
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