Select committee: Industry and Regulators Committee
Conclusion 48
1st Report - Who watches the watchdogs? Improving the performance, independence and accountability of UK regulators
Published 8 Feb 2024
Paragraph 253
Industry and Regulators Committee UK Regulators All items in this report Report on parliament.uk ↗ Inquiry on parliament.uk ↗
Conclusion (the committee's words)
Producing quantitative metrics that accurately measure regulatory performance is challenging, and there is a risk that an undue focus on metrics can create perverse incentives. Nevertheless, if used in the right way, metrics can play an important role in aiding scrutiny of regulators’ performance against their objectives.
From: Industry and Regulators Committee, 1st Report - Who watches the watchdogs? Improving the performance, independence and accountability of UK regulators, paragraph 253, 8 February 2024
Government response
A response document is linked to this report, dated 16 May 2024. Response attribution to this conclusion has not been verified. Read the response document ↗