Ofcom's Ed Richards addresses EU Parlimentary Committee

Ofcom's Chief Executive, Ed Richards, spoke yesterday at the European Parliament's Industry Research and Energy Committee Hearing on proposed changes to the European regulatory framework.

In his speech he said:

"This reflects our wider belief that it is usually those who are closest to and best understand their national markets that are best able to judge whether a particular remedy contained in the EU policy Framework will be suitable, proportionate and successful for that particular national market’s circumstances."

"If the aim is to ensure best practice and effective co-ordination of regulatory efforts to promote the single market, this can be achieved readily without the need to create a new Authority and in a way which is significantly less intrusive and less bureaucratic. And it can be achieved in a way that places the principle of independent regulation at its heart."

The full text of the speech can be found at: http://www.ofcom.org.uk/media/speeches/2008/02/itre