Dame Meg Hillier MP joined our expert panel to discuss what can be done to strengthen parliament's scrutiny role over regulators.
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The role of regulators is in the spotlight. High-profile regulatory failures and the post-Brexit expansion of domestic regulators’ roles have raised anxieties about both regulators’ performance and their democratic legitimacy. MPs and peers are increasingly concerned about how they can hold regulators to account, with some calling for parliament to take a stronger role.
But is parliamentary scrutiny of regulators actually effective? Recent IfG research identified serious limitations to existing arrangements, with parliamentary select committees lacking access to regulatory expertise or clarity about which regulators to hold to account. A third of regulators have not been called before parliament since 2019.
So what does good select committee scrutiny of regulators look like? Should parliament spend more time on regulatory scrutiny at the expense of other issues? What support would select committees need to carry out more effective scrutiny? Would an independent body be better placed to carry out proactive scrutiny of regulators?
These questions were explored in this event, launching the Institute for Government‘s new report Parliament and regulators: How select committees can better hold regulators to account.
We were joined by an expert panel, including:
Dame Meg Hillier MP, Chair of the Public Accounts Committee
Mark McAllister, Chair of Ofgem
The event was chaired by Matthew Gill, Programme Director at the Institute for Government.
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