Oxera were the only economics consultancy invited to participate and shared insight gained through 30 years of providing advice to both corporate clients and regulators. Robin Noble presented an overview of the key issues for consideration that relate to economic and competition regulation in Scotland. A review of the model of incentive-based regulation, as used in the UK was given. This was followed by a summary of recent developments in how regulators seek to ensure that regulation delivers the outcomes that customers want, and a description of the constitutional arrangements that are intended to ensure that the model of regulation encourages investment, at a low cost of capital. An exploration of wider competition regulation concluded the presentation.
This roundtable will be followed by a public event taking place in May.
Download the report on Economic and Competition Regulation in an Independent Scotland by The Scottish Government
Download the Oxera note prepared for this roundtable