The much-criticised watchdog that scrutinises the jobs UK ministers can take after leaving office will be formally scrapped on Monday as part of a wider shake-up of the ethics structure in government. The Advisory Committee on Business Appointments (Acoba), described by critics as fundamentally toothless, has been closed, a Cabinet Office announcement said, with its functions taken over by two existing regulators. At the same time, a new organisation called the Ethics and Integrity Commission will oversee the work of a series of other regulators,
There's plenty to be alarmed about. Born in the heat of US president Donald Trump's trade war, and out of the scramble to assert some measure of economic independence in an uncertain world, Bill C-5 is dressed in the language of efficiency. Should a mine or pipeline be judged vital to Canada, the nation won't wait. That speed comes, in part, from creating a single, expedited regulatory process.
In 528 AD, Emperor Justinian inherited a Roman legal system drowning in centuries of accumulated laws, conflicting edicts, and contradictory jurisprudence. His solution was radical: commission the Corpus Juris Civilis, a comprehensive codification and streamlining of Roman law across all provinces. Over 14 months, Justinian's commission reduced approximately 3 million lines of legal text to just 150,000, laying the foundation for the Western legal canon.
Reeves who in July claimed regulators were a boot on the neck of business cheered her recent decisions to sack the chair of the competitions watchdog, shut down the payments regulator, and severely constrain the Financial Ombudsman Service, which UK banks have long lobbied to curtail. However, she said there was still more to do. I want to take out more regulators, there's still too many, Reeves told investment firms gathered in London at the British Private Equity & Venture Capital Association (BVCA) summit
The 125-page report, entitled " Simplifying Research Regulations and Policies: Optimizing American Science," lays out a three-pronged framework to guide a cohesive national strategy toward implementing more economical regulations. Those prongs include harmonizing regulations and requirements across federal and state agencies and research institutions, ensuring that regulatory requirements match the risk related to the project, and using technology to make regulation-compliance processes more efficient.
Businesses large and small, across the UK, will be listening hard to the Chancellor's speech - to see if it can truly spark much needed investment reform.
The last four years has been marked by significant reform. I am looking forward to working even more closely with Nikhil so there is no let up in the pace of change, and to ensure we have the right relationships, domestically and internationally, to deliver our ambitious strategy.
The Australian crypto industry has called on the newly reelected Labor government to urgently make digital asset legislation a top priority to ensure Australia doesn't fall further behind global markets.
To succeed in transforming federal procurement, it is essential to learn from past initiatives like the Federal Acquisition Streamlining Act, emphasizing collaboration and non-partisanship.