Source · Select Committees · Industry and Regulators Committee
Recommendation 50
50
Paragraph: 255
Leaving the designation of metrics solely to the regulators themselves risks allowing them to mark...
Conclusion
Leaving the designation of metrics solely to the regulators themselves risks allowing them to mark their own homework. To counteract this tendency, there will need to be additional scrutiny of the metrics used by regulators, preferably through the new ‘Office for Regulatory Performance’ we have recommended earlier in this report.
Paragraph Reference:
255
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 ↗