CAPABILITIES INDUSTRIES INSIGHTS CLIENT STORIES CAREERS CONTACT Search Country You are here: HOME INSIGHTS RE-THINKING REGULATORS RE-THINKING REGULATORS From watchdogs of industry to champions of the public DOWNLOAD REPORT ARE YOU SITTING TOO COMFORTABLY? Regulators in the UK are largely seen to be doing a good job. We surveyed over 2,000 consumers and 500 business leaders from across a range of sectors, and most people (83 per cent of the public) see regulation as good for business and good for consumers. But this isn't a time to get comfortable. WHAT WE FOUND Although regulators are seen as a force for good by both businesses and consumers, all too often they are playing catch up. Businesses told us they expect to lose revenue if regulators don't evolve to keep pace with disruptive change in the next two to three years. 83% of consumers see regulation as good for the public and 78% as good for business. Less than half of organisations (47%) see their sector as capable of self-regulating in the next five years. 92% of organisations think they will feel a negative impact if regulators fail to evolve within three years. DOWNLOAD THE FULL REPORT TO READ THE FOUR KEY PRINCIPLES REGULATORS NEED TO ADOPT PRINCIPLES We have identified four key principles that regulators need to adopt if they are to remain effective and relevant in this rapidly changing environment. Have a strong voice and use it Develop new styles of leadership to drive innovation Collaborate, don't compete Fix internal fault lines DOWNLOAD REPORT HOW WE CAN HELP We're the trusted advisor to over 30 European regulators, tackling big policy challenges to achieve lasting impact. We have helped regulators transform their strategies, navigate change, and design and set up new regulatory bodies. We've provided support and insights to help them improve their operational efficiency, extract and analyse their data and deploy new digital technologies. WHO WE'VE HELPED The Care Inspectorate Introducing agile working to improve the complaints-handling process At the Care Inspectorate we used an agile approach to develop a new application for handling complaints which has reduced the time it takes to log complaints, and cut the time needed to produce reports, ensuring a better experience for complainants. UK Space Agency The Pensions Regulator Protecting people saving for retirement by becoming clearer, quicker and tougher SHOW MORE RELATED INSIGHTS Money laundering: "A new EU authority is a huge positive step" INSIGHT / Richard Grint, financial crime expert at PA Consulting, talks about the positive impact that the EU´s recent decision to create a new authority to combat money laundering and terrorist financing may have on countries like Sweden. Read more Fintechs eye life outside the sandbox INSIGHT / Alex McGill, a financial services expert at PA Consulting, discusses how UK regulation must evolve to better meet the needs of growing fintechs, following PA's recent joint report with TheCityUK. Read more SHOW MORE CONTACT US Conrad Thompson PA business transformation expert CONTACT CONNECT Chris Burn PA business design expert CONTACT CONNECT Richard Khaldi PA water sector regulatory expert CONTACT CONNECT Submit RFP Contact Follow us LinkedIn Twitter About us Newsroom Inclusion and diversity Office locations Alumni Careers Site map Legal Corporate responsibility Anti-slavery statement Privacy and cookie policy Copyright © PA Knowledge Limited 2021 Cookie Settings By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. Privacy and cookie policy Accept All Cookies Cookie Settings