Presentation to Economic Regulation Advisory Group (ERAG), May 2010

Economic Regulation Ofqual’s Emerging Framework Presentation to Economic Regulation Advisory Group (ERAG) Emma Cochrane 27 May 2010

Summary ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Overview ,[object Object],[object Object],[object Object]

What the legislation says – our efficiency objectives ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

The qualifications sector in numbers (1) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

The qualifications sector in numbers – (2) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],614m Estimated cost of all other qualifications 169m Estimated cost of all A levels 76.08 Average cost of an A level 150m Estimated cost of all GCSEs 25.56 Average cost of a GCSE Cost (£) Qualification 82% £281m £154m % Increase 2008 - 09 2002 - 03

Our principles for economic regulation ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Economic regulation framework ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Define objectives Identify issues for further investigation Clarify issues Identify next course of action Implement remedies Secure ongoing efficiency

Defining our objectives ,[object Object],[object Object],[object Object],Efficient regulation Efficient policy Efficient purchasing Efficient costs ( productive efficiency ) Efficient pricing ( allocative efficiency ) Efficient investment ( dynamic efficiency ) Efficient processes Financial viability System level efficiencies Demand-side efficiencies Supply-side (firm level) efficiencies

Defining our objectives ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

What should we focus on ? – “various efficiency issues” voiced by stakeholders including: ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Identifying issues for further investigation ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Clarifying the issues ,[object Object],[object Object],[object Object],[object Object],International comparison of qualifications systems Internal audit of regulatory burden imposed by Ofqual Use of impact assessments in policy-making System level projects Procurement Publish fee-capping criteria and process What are the drivers of increasing expenditure on exams? Competition studies Fee transparency Market definition framework Demand-side projects Supply-side projects

Identifying the next course of action ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Identifying the next course of action ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Remedy Implementation ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Key milestones ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Any questions? ,[object Object],[object Object]

Presentation to Economic Regulation Advisory Group (ERAG), May 2010

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Presentation to Economic Regulation Advisory Group (ERAG), May 2010