Regulatory capture


Capture of independent sectoral regulators

Capture is an ever present risk to the benefits of independent sectoral regulation. The primary mode of capture may shift over time. Political ‘capture’, or undue influence, is a key current threat.
Conventionally, ‘capture’ is the tendency for regulators to take decisions that are biased in favour of the interests of the industry they regulate rather than the customers or wider society on whose behalf they regulate.

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