Committee of Lords calls for greater digital regulation | News
UK – More concerted and effective digital regulation is needed to address regulatory gaps and overlaps, according to a House of Lords committee.
The House of Lords Communications and Digital Committee said the systems currently in place are neither rigorous nor accountable enough to address current regulatory gaps, and that better processes are needed to address emerging challenges, such as artificial intelligence (AI).
The committee added that regulators, industry and experts in other fields need to work together to address the challenges of regulating and overseeing new technologies.
A Digital Regulatory Cooperation Forum (DRCF) has been set up to enable greater cooperation among industry, but the committee said a lack of overall coordination and oversight of regulatory goals persists.
The Lords Committee also said it was concerned that the DRCF lacked strong systems to coordinate goals and manage conflicts between different regulators.
An independent chairman of the DRCF should be appointed, said the committee, which would also be accountable to parliament.
A new committee of MPs and peers should also be created, the committee said.
Lord Gilbert, Chairman of the Committee, said: “There remain persistent challenges that the regulatory system is not sufficiently equipped to cope with.
“We are concerned that all regulators with digital interests and expertise have a seat at the table.
“Information sharing between regulators, advisory bodies, government, industry and experts must be improved to avoid duplication and ensure that the widest range of perspectives feed into regulation. “