Clive Betts
Main Page: Clive Betts (Labour - Sheffield South East)(7 months ago)
Public Bill CommitteesQ
Sanjay Bhandari: Our view is that the regulator should have the ability to have oversight in the way that any other regulator does, as a matter of governance, and that what should go in the governance code is what reflects contemporary best practice. In our experience, to drive change it is probably a couple of different things. There is the base standard and mandatory stuff, and we think the key to that is transparency reporting. Again, transparency is disinfectant. What there might then be is good and/or best practice guidelines, reflecting what is going on in other industries and in this industry. It would say, “Here are some examples of good or best practice that the good or the best institutions are doing,” and try to encourage change through that.
Thank you for coming and for giving your evidence.
Examination of Witnesses
Alistair Jones, Sarah Turner and Tim Payton gave evidence.