Institute of Regulation's Podcast
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.
Institute of Regulation's Podcast
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.