Editor’s Note: Section 3 of President Obama’s regulatory review Executive Order 13563 states “Some sectors and industries face a significant number of regulatory requirements, some of which may be redundant, inconsistent, or overlapping. Greater coordination across agencies could reduce these requirements, thus reducing costs and simplifying and harmonizing rules.”
Regulatory effectivenss will require that cybersecurity regulations be coordinated nationally and internationally.
From: telecompaper
The chief executives of the UK’s economic regulators have joined together to launch the UK Regulators Network (UKRN). The aim is to improve coordination across regulated sectors to enhance investment and efficiency for the benefit of consumers. UKRN brings together the Office of Communications (Ofcom), the Civil Aviation Authority (CAA), the Financial Conduct Authority (FCA), the Office of Gas and Electricity Markets (Ofgem), Office of Water Regulation (Ofwat), the Office of Rail Regulation (ORR) and the Northern Ireland Authority for Utility Regulation (UREGNI). The first areas of focus for the UKRN will include facilitating efficient multi-sector investment projects, promoting customer engagement and switching in regulated markets, assessing cross-sector resilience and cyber-security and developing a clear understanding of the overall affordability of regulated services for consumers.
Leave a Reply