30th October 2017. 2pm-6pm followed by a drinks reception.
Berwin Leighton Paisner LLP, Adelaide House, London, EC4R 9HA.
Getting rid of redtape was seen as a key motivator for the Brexit vote and now there is an opportunity to develop new innovative approaches to regulation that are more effective with less red tape. We will be holding a half day conference on designing and delivering smarter regulation drawing on behavioural, institutional and complexity economics.
"So it doesn’t matter to me who you are. If you’re a tax-dodger, we’re coming after you. If you’re an accountant, a financial adviser or a middleman who helps people to avoid what they owe to society, we’re coming after you too. An economy that works for everyone is one where everyone plays by the same rules." Theresa May, Prime Minister, 5th May 2016
'Playing by the same rules' was a major theme of Theresa May's first conference speech as Prime Minister. She particularly focussed on taxation but clearly this has much wider applicability. So why do some sectors play more by the rules than others? Why do some seem to put a lot of effort into finding loopholes in the rules rather than following them? Why do we seem to often end up in escalating sets of rules as Andy Haldane, chief economist of the Bank of England, highlighted in the evolution of Basel regulation in his famous ‘the Dog and the Frisbee’ speech in 2012. Is the message 'we are coming after you' effective i.e. does deterence work?
These are not only issues with financial regulation but relevant to all types of regulation: environmental, health and safety, product, professions etc. The conference will explore these issues and look at how behavioural and institutional economics, supported with agent based models, can be drawn on to explore how regulations can be built on trust, how the conditions for compliance can be created, how corporate governance can influence trust, how to avoid regulatory escalation, how to promote institutional and cultural change to increase compliance, how to analyse the complex interactions between regulators, regulated businesses and consumers.
Prices: Private Sector £300; Government £200; Academic and Civil Sector inc un-affiliated individuals £100; Students £50 (50% early bird discount until 30th September).