• 21 NOV 08
    • 0

    #989: Recommended on-line publication: Risk & Regulation

    For those with an interest in risk assessment as it applies to regulatory decision making I highly recommend “Risk & Regulation”, the magazine of the ESRC Centre for Analysis of Risk and Regulation.

    Check out their latest issue. An especially relevant article is “Ignorance and regulation: the strategic avoidance of risky knowledge” by Linsey McGoey. It is an analysis of the actions of the U.K’s Medicines and Healthcare Products Regulatory Agency’s (MHRA) monitoring of a class of antidepressants (SSRIs). Here is a brief extract:

    “I argue that ignoring new information can be a strategic response for a regulatory body faced with contradictory external pressures and reputational risks. I suggest that liminal, factual and defensive ignorance are three possible strategies, which might not be conscious, but which can arise as am unintended consequence of external pressures that make it strategically useful for a body to avoid processing information damaging to their reputation if acted on.”




    The latest issue of Risk&Regulation from CARR on the theme Risky Information is now online. The magazine explores the complex relation between information and risks. Knowledge and information are crucial to risk regulation, most especially in an era which purports a commitment to evidence based policy making. However its production and use are also a source of further risks, particularly for regulators. This issue of Risk & Regulation considers a variety of sources of regulatory information, ranging from complaints to the Press Complaints Commission and financial regulators; intelligence and its use in the organization and mitigation of security risks at the Olympics; the knowledge of experts and of the public by the Office of Fair Trading; and self-reporting systems in the aviation and pharmaceutical industries. It cannot be assumed that these sources of information are always accurate and reliable. Yet they frame and influence regulatory decisions in particular, and often unexpected, ways.

    The online edition of the magazine is available at: http://www.lse.ac.uk/collections/CARR/documents/magazine.htm

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

    Website: www.lse.ac.uk/collections/CARR/

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