Lords Committee to question Sir Paul Tucker on powers of regulators
Monday 23 May 2022
The House of Lords Industry and Regulators Committee will discuss the powers and responsibilities of regulators and the system of Parliamentary scrutiny with Sir Paul Tucker, Research Fellow at the Harvard Kennedy School and a former Deputy Governor of the Bank of England.
The Committee will examine the governance of regulators, whether they are given clear objectives and what it means for regulators to be independent. It will also consider the extent to which regulators are expected to address political issues.
The session will take place on Tuesday 24 May at 10.30am. It can be followed live on Parliament TV or in person in Committee Room 4, Palace of Westminster.
Questions the Committee is likely to ask include:
- How successful are parliamentary committees in holding regulators to account?
- How important is it for regulators to be given clear, consistent objectives and what are the consequences when they aren’t?
- Do we expect too much of regulators, both in terms of what they are asked to do explicitly and what they are expected to do that doesn’t fall within their official responsibilities?
- What should independence mean for regulators when regulation is closely related to policy?
