A senior regulator explains ethical and procedural issues arising with market reform. Market reform increases regulators' policy development responsibilities and changes the way that regulators interact with industry. This session explains the issues and gives examples of how regulators have addressed them. This session sets the framework for accounts. This session explains methods for deriving the cost of equity and debt finance, evaluation of the sources of funds, and the effects of taxation.
Participants solve a problem in estimating cost of capital.
Regional groups then meet to discuss these issues. This session describes the alternative forms of regulation, how they work, the incentives they provide, and their effects on companies, government, and customers. Evening Break Participants are given an evening break for recreational activities. Transportation is provided to area shopping. No evening dinner is served.