Institute of Regulation's Podcast

Institute of Regulation

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. 

  1. DEC 16

    Episode 34: Why do regulators get blamed? And what can they do about it?

    Are regulators lightning rods for blame? This month's podcast talks to Matthew Flinders, a professor of politics at the University of Sheffield, and former regulator CEO Martin Stanley about the way politicians sometimes deflect criticism by blaming regulators. They discuss how easy it is for regulators to be blamed, whether by politicians, the media, or those they regulate, and how difficult it can be for regulatory leaders to deal with blame, perhaps especially if the regulatory leader has come from outside the political world. The threat of blame can be pernicious and, at worst, influence regulatory decisions and compromise independence, as well as put off good people from working in regulation or taking up senior roles. The speakers on the podcast discuss solutions - including having good, trusting relationships with ministers and civil servants, as well as being able to tell a clear, persuasive narrative to the media, the public, and opposition politicians about the regulator's work. Support networks are important too, including those set up by the Institute of Regulation to help Chairs, CEOs and regulatory staff to navigate these tricky areas and share advice and good practice. Finally, the speakers advise that regulators sometimes need to stand their ground when others blame them wrongly. And that's why good relationships with Whitehall are necessary. Regulators may be able to stand their ground with Ministers in private. But it's never good for a regulator, if blamed by a politician, simply to blame them back in public. You can listen to the podcast here. Keywords: Regulators, blame, accountability, regulatory leadership, public trust, support networks, Institute of Regulation, regulation challenges

    32 min
  2. NOV 26

    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

    33 min
  3. JUN 26

    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.

    33 min

Ratings & Reviews

3
out of 5
4 Ratings

About

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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