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The Chamber has been championing the need for the adoption of a proper Regulatory Impact Assessment (RIA) system in Hong Kong by borrowing from best practices in other jurisdictions such as the UK. However, what does an RIA involve and how is its effectiveness measured? And what is the appropriate methodology and approach when constructing a specific and localised framework? This seminar aims to address these issues and more. The Chamber is pleased to have assembled a group of experienced and knowledgeable speakers, with expertise in good regulatory practices, to discuss various options for crafting an effective RIA framework, and exchange views on a design that suits Hong Kong. The seminar will cover a wide range of issues, including:

• What lessons can be learned from other jurisdictions such as the UK and US in adopting better regulatory policies?
• How can RIA be adapted to maximise the economic benefits for Hong Kong, while maintaining competitiveness and sustainability?
• How would RIA implementation reduce various compliance costs, while still meeting the Government's objectives?

This is a unique opportunity to hear first hand, from a range of distinguished experts, in examining the methods and practices that Hong Kong could consider to enhance the law making and review process through a robust and vigorous RIA regime. In conjunction with the Chief Executive's undertaking to remove regulatory bottlenecks in her Policy Address last year, this seminar will make a timely and valuable contribution to the Administration's effort to fulfil its policy agenda.

Programme:

13:30 – 14:00 Reception & Refreshments

14:00 – 14:05 Welcome Remarks by Dr Aron Harilela, Chairman of HKGCC

14:05 – 14:12 Opening Speech by Mr Matthew Cheung, Chief Secretary for Administration of HKSAR

14:12 – 14:42 Mr Anthony Browne: Regulating Smartly. Regulating Sustainably. How Independent Regulatory Scrutiny in the UK has Made Regulation Better

14:42 – 15:12 Mr Ike Brannon: Playing Catch-up with Innovation and Technology: Regulatory Challenges in a Rapidly Changing World

15:12 – 15:32 Q&A

15:32 – 15:55 Coffee & Tea Break

15:55 – 16:25 Prof Richard Wong: Regulation and Regulators as Enablers or Barriers of Business Opportunities

16:25 – 16:55 Mr Nicholas Sallnow-Smith: Business Booms when Governments Get Out of the Way: Fact or Fallacy?

16:55 – 17:15 Q&A

17:15 – 19:00 Cocktail Reception

Speaker(s) Mr Anthony BROWNE (UK)
Chairman, Regulatory Policy Committee


Mr Browne brings a wealth of expert business experience to the position, having previously held the roles of Chief Executive of the British Bankers' Association, Head of regulatory affairs at the US investment bank Morgan Stanley, co-founder of the HomeOwners Alliance, and Director of the Policy Exchange.

Mr Browne's current roles include: Chair, HomeOwners Alliance; Member, Advisory Board, Habito; Member, Advisory Board, Blockchain; Member, Advisory Board, CourtsDesk.

The Regulatory Policy Committee consists of 9 independent experts with experience and current knowledge of business, employee, consumer and economics issues. Members were appointed after an open competition which followed the Commissioner for Public Appointments' code of practice.

Mr James "Ike" BRANNON (US)
President, Capital Policy Analytics
Senior Fellow, Jack Kemp Foundation
Former Senior Fellow, Cato Institute


Mr Brannon is the President of Capital Policy Analytics, a consulting firm that focuses on issues related to public policy and financial markets. He is also a Senior Fellow at the Jack Kemp Foundation.

Prior to that, Mr Brannon was a visiting fellow, specialising in fiscal policy, tax reform, and regulatory issues, at the Cato Institute. He was previously a senior fellow for the Bush Institute and before that was director of economic policy for the American Action Forum. Brannon has also served as the chief economist for the House Energy and Commerce Committee, chief economist for the Republican Policy Committee, senior adviser for tax policy at the U.S. Treasury, principal economic adviser for Senator Orrin Hatch on the Senate Finance Committee, chief economist for the Congressional Joint Economic Committee, and senior economist for the Office of Management and Budget. He was also chief economist for the John McCain campaign in 2008 as well as an associate professor of economics at the University of Wisconsin, Oshkosh. His work has appeared in The Weekly Standard, The Financial Times, The Wall Street Journal, Bloomberg View, USA Today, and The Hill.

Mr Brannon has a PhD in economics from Indiana University and a BA in math, Spanish, and economics from Augustana College in Rock Island, Illinois. He also runs the Savings and Retirement Foundation and the Prosperity Caucus.

Prof Richard WONG (HK)
Chair of Economics and Philip Wong Kennedy Wong Professor in Political Economy, The University of Hong Kong


Professor Y.C. Richard Wong, SBS, JP received his PhD from the University of Chicago in 1981. He was Visiting Scholar at the National Opinion Research Center, University of Chicago in 1985 and at the Hoover Institution, Stanford University in 1989.

Mr Wong is founding Director of the Hong Kong Centre for Economic Research (1987-) and the Hong Kong Institute of Economics and Business Strategy (1999-); a recipient of the Sir Antony Fisher International Memorial Award for his work in advancing economic research on policy issues in Hong Kong; and principal investigator of the Area of Excellence Grant in economic policy and business strategy awarded by the University Grants Committee in 1999; Chairman of the Council of the Becker-Friedman Institute, University of Chicago (2015-).

Mr Wong was awarded the Silver Bauhinia Star in 1999 by the Government of the Hong Kong Special Administrative Region in recognition of his contributions to education, housing, and industry and technology development. He was appointed a Justice of the Peace in 2000.

Mr Nicholas SALLNOW-SMITH (HK)
Chairman, Lion Rock Institute


Mr. Nicholas Sallnow-Smith is Chairman of the Board at the Lion Rock Institute, since April 2016.

Mr. Sallnow-Smith was previously Chairman of the Board at Link Asset Management Ltd. Mr. Sallnow-Smith also served as the Chief Executive at Hongkong Land and Northeast Asia CEO of Standard Chartered Bank. In addition, he has played leadership roles in schools, hospitals, charities and other public bodies.

He is a Member of the Financial Reporting Council of Hong Kong, an Independent Non-Executive Director of Wynn Macau Ltd., a Senior Independent Non-Executive Director of UCP Plc, a Director of Hong Kong Youth Arts Foundation and holds many other roles.
Language English
Date and Time 2018/11/15 14:00 to 19:00
Venue Chamber Theatre, 22/F United Centre
Media Open to media
Enquiries Ian Li
Tel: 2823 1242
Email: ian@chamber.org.hk
Fee
  • HK$ 300 for Members (Half-day Seminar and Reception (15 November))
  • HK$ 300 for Members (Full-day Workshop (16 November))
  • HK$ 500 for Members (Both Events (15 & 16 November))
+$50 for booking offline
Members Only
This event accepts Chamber Coupon (terms and conditions)
Members enjoy 30% discount with BOC HKGCC VISA Card
Notes

• Bookings are only confirmed upon receipt of payment, on a first come first serve basis
• Booking transfer is allowed for corporate members with advanced notice, walk-ins are normally not accepted.
• The Chamber reserves the right to decline any booking or cancel the event. In such case, a full refund of the participation fee will be issued.
• No refund will be made for last minute cancellation and no-show. If the booking is cancelled within 3 days of the event, refund would be processed after deducting 10% of the participation fee, or $100, as administrative charge, whichever is higher.
• Starting from 1 January 2017, a $50 handling fee per person will be charged for all offline bookings (e.g. fax, e-mail, post) for all Chamber events. Go online today by downloading our app or registering on the HKGCC website to save the environment and money.
• Priorities are given to corporate members. The decision to accept or decline any bookings shall be at sole discretion of the Chamber.