Oxera ranks in top 10 of expert witness firms

  The Global Arbitration Review (GAR) 100 Expert Witness Firms’ Power Index 2019 lists Oxera in its top 10 In publishing its annual index, GAR noted that, over the past year, Oxera had doubled its number of hearings and held steady its average claim value (of US$433m), adding: ‘The firm was founded originally by Oxford

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Ofgem’s Targeted Charging Review Impact Assessment

In November 2018 Ofgem opened a consultation on changes to the way in which it recovers the costs of the networks used to transport electricity to homes, public organisations and businesses.In response to the consultation, energy companies Innogy, RES, ScottishPower and Vattenfall asked Oxera to review the analysis on which Ofgem had based its proposed Targeted Charging Review reforms.

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Gas markets, regulation and politics: implications of the energy transition

Until recently, gas was seen in Europe as a complement to renewable energy—i.e. a cleaner (albeit costlier) alternative to coal. Since 2017, opinions have been changing, primarily as a result of stronger evidence on the pace of climate change. Nonetheless, as Sir Philip Lowe, Oxera Senior Adviser, explains, gas will continue to have an important role—albeit this is contingent on future innovation and the roll-out of gas investment, both of which in turn depend on politics and market regulation

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The puzzle of regulating pay: practical solutions for firms and supervisors

Implementing new regulatory standards for remuneration is challenging for the financial services sector. What are the underlying issues, and how can firms deal with them effectively? Peter Andrews, Senior Adviser, and Jonathan Haynes, Senior Consultant, explain the issues and propose some practical tools for firms and regulators

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Fairness and competition in online markets: friends or foes?

Fairness is emerging as an increasingly important policy goal across sectors. We set out a framework for assessing fairness concerns, and examine the relationship between the aims of competition policy and fairness in current debates. Do the European Commission’s platform-to-business initiative and reputation systems for sharing platforms lead to fairer processes? And do online price differentiation and negotiations between platforms and content creators lead to fair outcomes? What is the role of competition in all of this?

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Oxera’s expert evidence plays role in successful outcome for Standard Life Aberdeen

  An arbitral tribunal established in respect of the dispute between Standard Life Aberdeen (‘SLA’) and Lloyds Banking Group/Scottish Widows (‘LBG’) has ruled in favour of SLA. In particular, the tribunal ruled that LBG was not entitled to give notice, on 14 February 2018, to terminate the investment management agreements in respect of assets managed

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Competition in the presence of network effects: when fewer is more

In October 2018 the UK Competition and Markets Authority (CMA) cleared Post Office’s acquisition of Payzone’s bill payment systems business. This was a three-to-two merger in a two-sided market with network effects, but the CMA found that the merger was likely to be procompetitive. The case illustrates some important principles for the assessment of mergers

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Fair ground: a practical framework for assessing fairness

Regulators are increasingly looking to firms to ensure that their practices are ‘fair’ in terms of the process followed (e.g. the type of data used) and the outcomes delivered (e.g. which consumers pay more). So, how can boards and senior managers satisfy themselves that practices are indeed fair and in line with their firm’s principles and risk appetite? We present Oxera’s practical framework, which has been used as a tool by senior decision-makers in financial services firms

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The design of equity trading markets in Europe

The Federation of European Securities Exchanges (FESE) asked Oxera to examine how the EU’s Markets in Financial Instruments Directive (MiFID I), and more recently MiFID II, have affected equity markets, the role of price formation, and the impact of trading venues charging for market data.

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