Research Seminars

Independent Regulatory

Speaker: Mark Thatcher
London School of Economics

12 May 2004 - From 16h to 17h30

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Three aspects of

the life of IRAs (Independent Regulatory Agencies) after delegation are examined: their independence from elected officials,

their relationship with regulatees; their decision-making processes. The article suggests that IRAs enjoy considerable

insulation from elected politicians in terms of party politicisation and tenure. The picture for relations between IRAs and

business regulatees is more mixed: the two have been relatively separate in terms of the professional origins and

destinations of senior IRA staff and in some countries, there has been considerable legal conflict between them. However, in

an important and visible field such as merger control, IRAs have undertaken little activity. The greatest changes introduced

by IRAs have been in decision-making processes, which they have opened up, in contrast to closed processes before delegation.

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