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Analysis of risk and regulation

How to contact us

Centre for Analysis of Risk and Regulation
London School of Economics and Political Science
Houghton Street
London
WC2A 2AE
United Kingdom

 

Email: risk@lse.ac.uk|
Tel: + 44 (0) 20 7955 6577
Fax: + 44 (0) 20 7955 7420

 

 

 
The Centre for Analysis of Risk and Regulation (CARR) is an interdisciplinary research centre whose core intellectual work focuses on the organisational and institutional settings for risk management and regulatory practices.
Triggering the Debate

Triggering the Debate: Faulty Associations Between Violence and Mental Illness Underlie US Gun Control Efforts| 

Article from the latest edition of Risk & Regulation magazine.

 

 

 

Forthcoming seminar|

Dr Gillian Peele, Oxford University
Title and abstract: Regulating Public Ethics
Date: 4 June 2013
Time: 13.00 - 14.30
Venue: KSW.3.01

European-Agencies-Law-and-Practices-MB

New publication by Dr Madalina Busuioc - European Agencies: Law and Practices of Accountability, Oxford University Press: March 2013|

'There is an extensive and sophisticated literature on European agencies [...] There has, however, been no book-length systematic study of accountability as it pertains to EU agencies, nor has there been such a study that systematically addresses accountability in a rigorous manner to agencies. Madalina Busuioc's monograph is valuable in filling this important gap.' 

This is how OUP series editors Paul Craig and Grainne de Burca summarise in their preface the contribution of Madalina Busuioc's monograph on European Agencies: Law and Practices of Accountability. The book, at the cutting edge of law and public administration, addresses one of the most relevant topics in current European governance: the accountability of European agencies. It examines how the accountability system of European agencies operates formally as well as in practice, through an examination of legal provisions, relevant case law as well as policy documents and extensive interview material.  Reflecting on these findings, the book also offers important theoretical insights for the understanding and study of accountability in a complex regulatory system such as the European Union.

 
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New paper by Dr Julien Etienne in a special issue of Regulation & Governance on Twenty Years of Responsive Regulation: 11 March 2013|

Regulation & Governance publishes this month a special issue celebrating twenty years of Responsive Regulation, Ian Ayres and John Braithwaite’s highly influential book.  The special issue, guest edited by Christine Parker, includes various contributions discussing the legacy of Responsive Regulation, a landmark for the field of regulation studies. One of the articles in the special issue is by CARR member Julien Etienne|, titled ‘Ambiguity and relational signals in regulator–regulatee relationships’|

 
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Professor Michael Power awarded an honorary doctorate by the University of Uppsala, Sweden: 25 January 2013|

Professor Power|, Professor of Accounting and Director of the Centre for the Analysis of Risk and Regulation (CARR), was only one of two academics being awarded an honorary doctorate from the Faculty of Social Sciences.

On announcing the awards, the University wrote: “In 1997, Michael Power published the book The Audit Society: rituals of verification, a book that has been widely read internationally and inspired elaborative studies. His research has also been of significance in the public debate, where reference is commonly made to ‘the audit society’.

To read the full article, please click here|.

 
News archive|
Bridget Hutter|, former CARR Director, and Sally Lloyd-Bostock, CARR Visiting Professor, have been awarded residency at the Rockefeller Foundation Bellagio Center to work on a project on 'Risk Regulation and Crisis' which explores key dilemmas in contemporary regulation through the lens of disasters and crises.

 

Risk Culture in Financial Organisations

Although there is widespread consensus that problems of ‘risk culture’ contributed to the financial crisis there is less agreement on what ‘risk culture’ actually is and how it might be managed by financial institutions. 

This project intends to increase our understanding of ‘risk culture’ and effect a knowledge transfer from academia to business by focusing on the ‘cultural drivers’ (e.g. the rate of expansion in operations, approaches to oversight and assurance, level of employee discretion and the framing of risk) which influence the risk taking and control activities of banks and other financial institutions (BOFIs). The intention is not to presume what a ‘good risk culture’ looks like but to investigate the often competing aspects of organisational culture which can drive both risk taking and its mitigation.  We aim for collective knowledge production – working together with CROs and other relevant actors to arrive at a shared view of the cultural factors that drive risk taking and avoiding within BOFIs.

The objectives of the project are as follows:

• To provide a bottom-up view of risk culture, analysing in a practical way the ‘cultural drivers’ in the cultures of BOFIs which are risk-relevant.

• To benchmark results obtained from a representative sample of organisations, providing an overview of common themes, unique aspects and areas of disagreement in the characteristics of BOFI risk cultures.

• To develop a useable ‘risk culture instrument’ that can be used by CROs and others to manage their institutions’ risk cultures in a more explicit manner.

Risk-culture-interim-report-FINAL(for-website)

The report was published on 8 November 2012. To read the full report, please click here|.  

 
Please click here| to read the ESRC article titled "Researching risk in financial organisations" from 5 December 2012.
 

Project Leaders

Professor Mike Power| (LSE)

Dr Simon Ashby| (Plymouth Business School)

Dr Tommaso Palermo| (LSE)

Sponsors

CII|

CIMA|

ESRC|

Lighthill Risk Network|

Sponsors logos - CIMA, ESRC, CII, LRN