skip to main |
skip to sidebar
The first batch of 18 Regulatory Judgements clearly
demonstrate the new regulator’s proportionate but robust approach, according to
the HCA’s director of regulation Matthew Bailes. While the strong engagement process that
informs the regulator’s decisions is as established by the HCA and set out in
Regulating the Standards, the format of the judgements has been revised to
communicate the regulator’s position in a shorter and more transparent way. The
new format also makes the best use of the regulator’s resources and brings the
HCA’s approach into line with that of economic regulators in other sectors.
Read more on the HCA website.
The HCA is considering publishing slimmed down versions of
regulatory judgements in a bid to save resources. Since it took over the economic regulation of
social landlords in April, the HCA has not published a single assessment of
individual landlords’ governance and viability.
Regulatory judgements were previously published each month by the
now-defunct TSA so the sector could understand the regulator’s position on
issues. However, the new regulator has not published judgements because it is
still training its staff on the new regulatory framework which was published in
May. A source familiar with the situation said training people to draw up the
new judgements has been more ‘resource-intensive’ than expected. As a result,
the HCA is considering not publishing full judgements where associations are
performing well. Read more on Inside
Housing.
