Depiction of Reports

Reports

An analysis of the EU governance framework for corporate reporting

The European Commission’s Directorate-General for Financial Stability, Financial Services and Capital Markets Union (DG FISMA) has recognised the importance of companies reporting accurate information for the efficient operation of financial markets in its recent consultation on the quality of corporate reporting. In particular, in its Call for Evidence on the… Read More

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The economic cost of ill health among the working-age population

Ill health among working-age people presents a substantial and rising cost to the UK economy, individuals and taxpayers. Addressing this challenge is not only socially desirable but an economic imperative. Oxera was asked by The Times to estimate the costs of ill health among the UK working-age population, to support… Read More

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The European gas market

Energy prices in Europe started rising in autumn 2021. Energy demand had increased as the COVID-19 pandemic receded, which coincided with a tight liquified natural gas (LNG) market and relatively low gas storage volumes going into winter 2021/22. In early 2022, Russian aggression towards Ukraine and the corresponding reduction in… Read More

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RFR methodology for PR24

In response to Ofwat’s proposed a methodology for estimating the risk-free rate (RFR) for PR24, this report presents an alternative methodology that is rigorous and aligned with previous decisions made by the Competition and Markets Authority (CMA) in its redetermination for the PR19 price control. The report first reviews the… Read More

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The value for money for a temporary reinstatement of EGNOS

The UK’s participation in the European Geostationary Navigation Overlay Service (EGNOS) Programme ended on 25 June 2021, leading to a withdrawal of legal indemnity for the use of EGNOS. EGNOS improves the integrity and precision of GPS services. In particular, the EGNOS safety-of life (SoL) service is used in safety-critical… Read More

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What’s the data on market data?

With the debate about the costs of market data in equity trading markets, this note summarises and clarifies the issues being raised, checks the main facts, and explains how to assess market data from a public policy perspective. Read More

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Assessment of the impact of the Fit for 55 policies on airports

The European Commission has put forward the Fit for 55 proposals to achieve a 55% reduction in carbon emissions by 2030 relative to 1990 levels, and to meet net zero targets by 2050. In particular, to address the aviation sector’s impact on the environment, the European Commission has proposed mandating… Read More

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