Hertford College Bridge of Sighs
Forthcoming events
Coherence and Stability in the Conduct of Regulatory Policies
Friday, 25 April 2014, Full day conference, Westminster

Confirmed speakers include: Vince Cable, Secretary of State, Department for Business, Innovation and Skills; Peter Freeman, Chairman, Competition Appeal Tribunal; David Gray, Chair, Gas and Electricity Markets Authority; Richard Price, CEO, Office of Rail Regulation; Cathryn Ross, CEO, Water Services Regulation Authority; and Roger Witcomb, Chair, Competition Commission.

Please see further details a booking form and membership information for those who would like to take advantage of the significant conference discounts available.

Solicitors please note: 6 hours and 15 minutes CPD points will be available for this conference.

Attributes of Effective Regulators: Masterclass in Regulation
Thursday, 24 April 2014, 5-7pm
London University Senate House

Scott Hempling, former director of the US National Regulatory Research Institute, will lead this training session for regulators and regulatees. Numbers will be limited to 25 and priority will go to Members of the Institute. £120 plus VAT, with usual membership discounts. For more information or to register interest please contactGhislaine King.

Andrew Haines, Chief Executive of the Civil Aviation Authority
Friday, 13 June 2014, 5:30pm
Hertford Seminar in Regulation (Oxford)

Details and invitations to follow.

Recent events
Jonson Cox, Chair, Water Services Regulation Authority
Friday, 24 January 2014, 5:30pm
Hertford Seminar in Regulation (Oxford)

"Regulation in the Water Sector: Tools available to get the best deal for customers"

Hertford College, Oxford.

Hertford Seminars are attended by an invited audience and numbers are strictly limited. If you would like to be added to the invitation list for Hertford Seminars, or to register interest in these events, please contact Ghislaine King

Hertford Seminar: Mr. David Edmonds, Chair, The Legal Services Board
Monday, 9 December 2013

"Legal services regulation: past, present, and future". By kind permission of Hogan Lovells the Hertford Seminar in December was held in Atlantic House, Holborn Viaduct, London EC1A 2FG.

Please see Mr Edmonds's speech given to the seminar. The speech is also available on the LSB website. The discussion following the speech was held, as usual, under Chatham House rules.

Competition & Regulation Conference 2013

The theme of this year’s conference is getting the balance right between competition and regulatory intervention, with particular focus on financial services and energy markets. Sessions will examine developments in financial services regulation; market power assessments and controlling abuse; proposals for reform of energy markets; the role of technology and consumer changes in retail markets; and a wider consideration of the relationship between infrastructure investment, economic growth and affordability.

Speakers included Sir John Vickers (All Souls College, Oxford), Chris Woolard (Financial Conduct Authority) and Professor Amelia Fletcher (UEA, formerly OFT). A number of presentations from the conference are available.

The Annual Competition Conference concluded with the Inaugural Lecture of our new Zeeman Lecture Series when Professor Klemperer, Edgeworth Professor of Economics, Oxford University, described a new auction for the Bank of England.

Other past events
Hertford Seminars in Regulation
Competition Policy Conferences
Beesley Lectures
Occasional conferences & seminars
Recent publications

Two papers were added to our publications in early February:

In the Essays in Regulation new series George Yarrow considers the widespread use of over-simplified, ‘corrupted’ economics in policymaking and offers some suggestions as to how the problem might be addressed: Dysfunctions in economic policymaking Part I: simple stories, complex systems and corrupted economics

In Letters and Notes, Jon Stern addresses the tendency to continue financial support for major public projects well beyond the time at which it becomes clear that further support is highly inefficient: UK Renewables Demonstration Projects: Who Pulls the Plug?

In a new paper in the RPI's Studies in Regulation series, Professor Stephen Littlechild outlines his concerns about the proposed interpretation of the competition assessment framework for the retail energy sector.

At the end of last year the RPI published two papers in the 'Letters and Notes in Regulation' series: The impact of UK shale gas development on gas prices by George Yarrow and Why airports can face price-elastic demand: margins, lumpiness and leveraged passenger losses by David Starkie and George Yarrow.

Regina Finn and Simon Less outline different forms of regulatory capture in Capture of independent sectoral regulators, an earlier publication in the 'Letters and Notes on Regulation' series.

In Security of electricity supply: is a Capacity Market the answer?, Dr Nigel Evans assesses proposals for the introduction of a ‘Capacity Market’ into wholesale electricity trading arrangements.

See the full list of Letters and Notes in Regulation.

Legal services reform

In 2013 the RPI was commissioned by the Legal Services Board to undertake a study on "Understanding the barriers to entry, exit and changes to the structure of regulated legal firms". The final report presented to the LSB and Law Society, and the executive summary are now available.

Previously RPI chairman George Yarrow submitted brief note in response to the MoJ's call for evidence in the context of its review of legal services regulation.

In 2012 the RPI was commissioned by the Council of Bars and Law Societies of Europe (CCBE) to assess the economic significance of the professional legal services sector in the European Union. The report, published in late 2012, further develops some of the material of an earlier report for the Legal Services Board, and contains a critique of existing 'econometric' work on the economic contribution of legal services. The paper was referenced in Commissioner Viviane Reding's address to the recent plenary session of the CCBE.

Alternatives to wooden headedness

The slides from George Yarrow's 2013 Beesley lecture, Alternatives to wooden headedness: (much) less costly ways of regulating carbon emissions are available here. See also background and related reading.

BIS consultation on regulatory appeals

Please see the RPI response, September 2013.

The future of independent regulation

Many presentations from last year's Westminster conference are available.

Review of appeals mechanisms for Australia’s electricity and gas networks: Final Report published

The Expert Panel final report for Australia’s Standing Council on Energy and Resources may be of interest to those concerned with issues surrounding reviews of regulatory decision making; see also the Standing Council on Energy Resources website.