Media Release: The Governance Trap and the future of regulation

FOR IMMEDIATE RELEASE

Solvency II Wire and the Centre for Analysis of Risk and Regulation (CARR) at the LSE bring together representatives from ten regulatory authorities for a cross-sector dialogue on the role of governance in regulation.

LONDON Wednesday 10 March 2016 – ‘The Governance Trap and the Future of Regulation’ is a collaboration between Solvency II Wire and the Centre for Analysis of Risk and Regulation (CARR) at the London School of Economics. The event brought together ten senior representatives from regulatory authorities from a wide range of sectors to engage in unique dialogue on the role of governance in regulation. Participating organisations [caption id="attachment_1586022" align="alignright" width="300"] Professor Mike Power, LSE (left), Gideon Benari, Solvency II Wire, chairing the Governance Trap[/caption] Bank of England, Prudential Regulatory Authority (PRA) Danish Financial Supervisory Authority (DFSA) European Commission (DG-FISMA) European Insurance and Occupational Pensions Authority (EIOPA) Food Standards Scotland (FSS) Gibraltar Financial Services Commission (GFSC) Health and Care Professions Council (HCPC) Health and Safety Executive (HSE) Office of Gas and Electricity Markets (Ofgem) Office of Qualifications and Examinations Regulation (Ofqual) Participants explored emerging themes in the increasing emphasis on the role of good governance in regulation and discussed more effective ways of integrating it into practice. The unique cross-sector debate was followed by a public session with a select audience of senior industry practitioners. Gideon Benari, editor, Solvency II Wire, said: “Working with CARR at the London School of Economics has helped create a candid and open dialogue that will foster better understanding of the strengths and limits of governance in regulation.” Mike Power, LSE and CARR said: “There is no doubt that regulators benefit from meeting and talking to each other about the fundamental challenges they share despite their different fields of operation. CARR and Solvency II Wire share a common commitment to supporting those conversations.” ‘The governance trap and the future of regulation’ was co-chaired by Mike Power, professor of accounting, London School of Economics and Gideon Benari, editor, Solvency II Wire. The event was hosted by DWF LLP.   dwf An event report and a series of articles from participants will be published in the coming months. Click here to subscribe to the mailing list to receive notification of publication by email.

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  The governace trap 2 Media Enquiries: Solvency II Wire Gideon Benari, Editor, Solvency II Wire Mobile: +44 (0)7957 425 379 Email: press@solvencyiiwire.com CARR Mike Power, Professor of Accounting, CARR, LSE Telephone: +44 (0)20 7955 7228 Email: risk@lse.ac.uk]]>

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