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Written by Tim Ambler (2008)
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In a briefing paper the ASI's regulation fellow Tim Ambler examines the populist demands for financial stability and security though increased regulation. The question the paper poses is whether existing regulation mitigated the 2008 financial crisis, had no impact, or exacerbated it. Answering this question is the key to deciding how we respond to the crisis. The paper's main conclusion is that improving regulation will not provide more than modest help in future. The important thing is that the Bank of England, the FSA and the credit agencies do the jobs they are supposed to do more effectively.
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Written by Keith Boyfield & Tim Ambler (2007)
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The ASI's regulation supremos, Keith Boyfield and Tim Ambler, have published a new briefing paper as part of our Regulatory Monitor project, entitled Stemming the growth of UK regulatory agencies.
The ultimate objective is to merge all the existing regulatory agencies into a single Fair Trade Authority, which would be formally responsible to parliament and which would intervene only to ensure free, competitive markets. A great deal of the regulation aimed at protecting the consumer could be left to the courts, while the greater use of market mechanisms, such as mandatory insurance, would serve to improve standards.
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Written by Tim Ambler & Keith Boyfield (2005)
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"Over-regulation depresses corporate profits, consumes valuable management time and saps entrepreneurial morale," say the authors. "It makes the UK less attractive to investors and destroys the wealth creation on which the whole of government depends."
There are three big sources of red tape - the EU, Whitehell, and the regulatory offices like Ofcom and Ofwat. For each one, we need to make sure that fewer new regulations are created, that existing ones are rationalized, and that enforcement does not become over-zealous.
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Written by Elaine Steinberg (2003)
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Do we need regulation, rule-books and new codes of practice to keep boardroom executives in check? Corporate-governance specialist Elaine Sternberg says not. The keys to getting on-the-ball, responsible management are competition and shareholder empowerment. Her punchy report takes on the regulationists and shows how to achieve good governance without politics.
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Written by ASI Staff (2002)
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The government's vision of 'Broadband Britain' will never be achieved without fundamental reform in telecoms regulation. The report Broadband Britain: Finding a Way Forward says that broadband could become a major driver of wealth creation within ten years, improving education and business performance. Britain lags behind, 21st out of the richest 30th countries in terms of broadband penetration. The institutes points to the need for a more aggressive regulatory regime that will deliver a level playing field for profitability in telecommunications. Opportunities created by this will give BT and its shareholders the option to review the break up of the service into two parts. One for services (Servco) and another for network infrastructure (Netco).
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