Source · Select Committees · Housing, Communities and Local Government Committee
Recommendation 48
48
Acknowledged
Paragraph: 186
We urge the Government and the Regulator of Social Housing to make sure the latter...
Recommendation
We urge the Government and the Regulator of Social Housing to make sure the latter has the resourcing, skills and capacity to continue to regulate the economic standards properly. As part of this, the Government must first assess the regulator’s capacity now to understand the complex financial and corporate structures proliferating in the sector. We also recommend that it keep an open mind about increasing the regulator’s powers to regulate the economic standards, even if this would mean the sector being reclassified. In particular, we recommend that the Government give the regulator more of a role in monitoring mergers to ensure tenants, not shareholders, are at the centre of any decision to restructure.
Government Response Summary
The government states that they will seek to ensure they have the capacity and skills to continue to regulate the economic standards robustly and keep pace with the evolving challenges faced by the sector.
Paragraph Reference:
186
Government Response
Acknowledged
HM Government
Acknowledged
We will seek to ensure that we have the capacity and skills to continue to regulate the economic standards robustly and will continue to ensure we keep pace with the evolving challenges faced by the sector and their potential impacts. (Paragraph 186)