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Increase scrutiny of UK watchdogs to avoid regulatory failures, ex-CMA chair says

By Jakub Krupa ( October 24, 2023, 15:40 GMT | Insight) -- UK regulators should face increased democratic oversight of their activities to prevent the ever-growing scope of their remits from leading to regulatory failures, a former chair of the UK Competition and Markets Authority said. Andrew Tyrie appeared to back the calls to establish a new body responsible for overseeing the regulators at the heart of the government, with a separate parliamentary committee tasked with political oversight on an on-going basis.UK regulators should face increased democratic oversight of their activities to prevent the ever-growing scope of their remits from leading to regulatory failures, a former chair of the UK Competition and Markets Authority said. ...

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