Advanced Regulatory TRMC

Enhance your regulatory expertise with this comprehensive, accredited programme

Explore the regulatory economics, law, technology impact, and more, through interactive sessions and case studies led by global specialists

Designed for professionals working in regulatory environments, this course covers a spectrum of topics from regulatory economics to the impact of technology on regulation. Delivered by highly knowledgeable industry experts, the master class offers a blend of theoretical knowledge and practical application tailored for those aiming to excel in the regulatory field.

This course is an invaluable opportunity for professionals to:

  • Engage with seasoned experts and gain insights into the complexities of modern regulation
  • Develop a deep understanding of the interaction between regulation, economics, and technology
  • Network with peers from various sectors, fostering connections and collaborative opportunities
  • Earn credits towards formal qualifications through our University of Strathclyde accreditation

Who Should Attend

The Advanced Regulatory Master Class is of particular interest to professionals working with regulatory frameworks across a range of regulated sectors, such as:

  • Senior regulators and policymakers
  • Legal professionals specialising in regulatory law
  • Economic advisors and analysts focusing on market behaviour and regulation
  • Executives and managers within regulated industries
  • Academic researchers or educators in economics, law, or public policy

Delegates attending the Advanced Regulatory Master Class will benefit from the first-hand experiences of senior industry decision-makers.

Upcoming Courses

November 2024

Residential

Dates: 11 to 15 November 2024

£3,100 per delegate, including lunches and gala dinner (excluding taxes and accommodation)

Additional residential package available, which includes five nights accommodation (Sunday to Thursday), breakfast and dinner for £750 at Hilton DoubleTree

Advanced Regulatory Master Class Outline

Item Presenter
Day 1 
Introduction Steve Day
Session 1: Introduction to Advanced Regulation

  • Reviewing global regulatory challenges
  • Introduction to market sector drivers and regulation
  • Political, economic, social, and technological impacts on regulation
  • History & theories of regulation
  • Traditional vs new converged environment regulation
  • Consumer demands, protection, investment, and competition
Prof H Nwana
Session 2: Regulatory Economics

  • Role of economic reasoning in regulation
  • Development and theory of economic regulation
  • The emergence and nature of regulation
  • Stages in the development of regulation
  • The economics of markets
  • Demand and consumer surplus
  • Economic costs
  • Economies of scale and scope
  • Competition and efficiency
  • Market failure
  • Cost structures
  • Externalities and network effects
  • Information asymmetry
  • Networks, markets and regulation
  • The emerging market structure
Prof Geoffrey Myers
Session 3: Effective Regulatory Law Processes: Design and Implementation

This session looks at the logic of the overall framework of economic regulation, with an accent on the EU system.

  • Focus on the key sources of market failure
  • Ex ante and ex-post regulation
  • The EU approach to competition policy
  • Market definition and assessment, SMP
  • Merger regulation
  • Following the EU approach in other environments
  • Two keystones: the persistent importance of costs and the development of competition policy in telecommunications
Kevin Werry
Day 2
Session 4: Regulation vs Competition: Market Power and Market Assessment

This session examines the nature and sources of market power, highlighting its social costs. The session also examines the practical concept of effective competition.

  • Market power
  • The costs of monopoly
  • Price discrimination
  • What is a market?
  • Market behaviour and market power
  • The strategic use of market power
  • Anti-competitive behaviour
  • Incumbency and market power
  • Effective competition
Prof Geoffrey Myers
Session 5: Regulatory Remedies: Principles and Outcomes

This session looks at the remedies that can be imposed in order to counter market power and the ways in which the design of regulatory instruments can incorporate economic principles.

  • Principles for the design of regulatory instruments
  • Four rationales for regulation: options for action
  • Regulation as a surrogate for competition
  • Regulation to create competitive markets
  • Regulation to police market behaviour
  • Regulation where competition cannot achieve social objectives
Prof Geoffrey Myers
Session 6: Economic Aspects of Spectrum Management

Spectrum, as a fixed and essential resource, is central to modern regulation. This session will look at the ways in which spectrum allocation and assignment increasingly reflect economic principles.

  • Economics of spectrum valuation
  • Current valuation methodologies and tools
  • Administrative pricing, beauty parades, auctions, hybrids
  • Pros and cons of different approaches
  • Taking into account USO objectives
  • Spectrum re-farming
  • Impact on competition, prices, investment and service provision
  • Processes for licence renewal
Dr Charles Jenne
Session 7: Cost and Price Regulation: Case Studies

Economic regulation often relies on cost modelling for the setting of prices for wholesale and retail services. This session will provide a reminder of how cost models are constructed and focus on the study of recent developments and controversies. Issues covered will include:

  • Costs and the principles of network pricing
  • Accounting separation purpose and implementation
  • Cost methodologies
  • Recovery of common costs
  • Cost of capital
  • Treatment of spectrum costs
  • Externalities
Mark Spracklen
Day 3 
Session 8: Regulatory Technology

A combination of examples of good and bad regulation with a rethink of regulation and technology

  • The nature of technology: What it is and how it evolves
  • Why technology is a key driver of regulation
  • Regulatory technology tales: Examples of good & bad technology regulation
  • Network industries & their generic technology structures
  • Introduction to network theory and its use to characterise network industries technologies
  • Regulating emerging technologies
  • The policy context for innovation and technology
  • Technology regulation and governance
James Wild
Session 9: Mobile Sector Regulation

Competition in mobile is often strong, but cost modelling has been hugely important for regulation of the mobile sector, particularly in relation to call termination rates. This session will cover some of the key economic debates and current issues affecting regulation of the mobile sector.

  • Roaming charges and wholesale access
  • Mobile telecommunications and competition
  • The role of MVNO
  • Fixed mobile convergence
  • Next generation mobile
  • Costing of call termination
  • The call termination debate
  • Bill & keep
Andrew Gorton
Sightseeing in the beautiful historic city of Bath
Day 4 
Session 10: Technology, Economics and Regulation

This session looks at how growth of broadband has changed the competitive landscape and created new regulatory issues.

  • Telecoms
  • Mobile broadband
  • Creation of competition in broadband
  • Infrastructure and competition
  • Structural separation
  • Where does the idea of Universal Service now stand?
  • Aviation
  • Railway
  • Are there growth externalities requiring regulatory action?
Prof H Nwana
Session 11: Access Regulation and Investment

Regulators in many countries worry that past policies towards access regulation may have inhibited investment in next-generation infrastructure. This session will look at the basis of those concerns and compare the evidence from different regulatory regimes.

  • The future LLU vs Fibre
  • The EU experience; the US experience; the Japanese experience
Jibirila Leinyuy
Session 12: Group Exercise

This case study focuses on regulatory issues around market reviews and company and network mergers.

  • Working in groups followed by presentations
Prof H Nwana & Jibirila Leinyuy
Evening: Private class dinner with presentation of certificates
Day 5
Session 13: The Internet Value Chain – Over-The-Top and Net Neutrality

Net neutrality is the principle whereby all information flowing across the internet should be treated equally. But with more people streaming data-rich video and the growth of social networking, the internet faces congestion concerns.

  • “A bit is a bit is a bit”?
  • The idea of ‘net neutrality’
  • Network management
  • Network pricing
  • The innovation issue
  • A competition problem?
  • Regulation of the Internet?
Prof H Nwana
Session 14: New Directions for Regulation

In this session we will look at how recent technological, digital, macro-economic, industry changes and market changes have created new challenges for regulators.

  • Convergence
  • Cost orientation and network pricing
  • Demand-related pricing
  • Price discrimination and bundling
  • Platforms and infrastructure
  • Two-sided markets
  • A change in regulatory direction?
  • Types of regulatory models (no regulation, self-regulation, co-regulation, statutory regulation, meta regulation and regulatory networks
Prof H Nwana
Review and Close Prof H Nwana

Course Trainers

Prof H Sama Nwana
Prof H Sama Nwana
Prof. H Sama Nwana, known as H, is a founding partner of Cenerva. H was Group Head of Spectrum at Ofcom, where he led the 2013 auction of UK 4G mobile licences, raising £2.34bn. Prior to this, he was Managing Director at Arqiva Ltd – and even prior Managing Director at Quadriga Ltd. Previously he was multiple award-winning Senior Manager at British Telecommunications. He has M&A experience, working with Venture Capital, Private Equity and Govt shareholders. His recent work has focused on digital transformation in Africa and ASEAN, where he has led digital sector reviews. He was also CEO of the Dynamic Spectrum Alliance.
Kevin Werry
Kevin Werry
Kevin Werry is a Chartered Engineer and Member of the Institute of Engineering and Technology (IET) with over 30 years of experience in the telecommunications industry. He holds an MEng in Communications, Information and Electronic Engineering from Plymouth and a PGCert in Economics for Competition Law from King’s College London. He is currently pursuing an LLM in Technology, Media and Telecoms Laws at Queen Mary’s University London. He has worked for ex-monopoly operators, start-ups, as a regulator, and as a consultant for nearly 20 years. Kevin was previously an Associate Director of Economics and Regulation at KPMG and a Telecoms Regulatory Manager at the Channel Islands Competition and Regulatory Authority (CICRA). He is currently an Associate of Cenerva on the TRMC training program.
Jibirila Leinyuy
Jibirila Leinyuy
Currently the Head of Economics, Telecoms Infrastructure & Spectrum, Department for Digital, Culture, Media and Sport (DCMS). Jibrila has a history of delivering high profile complex market investigations and policy decisions across various industries. He was previously Senior Economist at Ofgem (the regulator for the UK’s electricity and gas industries) and Visiting Lecturer at City University of London, lecturing in Economics of Regulation in the Masters Class.
Steve Day
Steve Day
Steve is a Chartered Engineer and Fellow of the Institute of Measurement & Control with over 35 years of experience in the Process Industries working at a senior level for companies such as Emerson, Siemens, and Honeywell. Steve provides his leadership experience to facilitate the delivery of the TRMC programme for Cenerva.
Mark Spracklen
Mark Spracklen
Mark Spracklen, with over 25 years of experience in the telecoms industry, is a renowned consultant and leader in telecoms profitability. His expertise in telecoms costing and customer lifetime value is a cornerstone of his teachings.
Prof Geoffrey Myers
Prof Geoffrey Myers
A Visiting Professor in Practice at the London School of Economics, Prof. Myers specialises in public policy, regulation, and market design. With a 30-year career in regulatory and competition agencies in the UK and Jamaica, including a significant tenure at Ofcom, his insights are rooted in both academic research and practical application.

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Terms and Conditions

Prices stated are per delegate and exclude taxes. All course fees must be paid by the due date stated on the invoice. All course fees must be paid by the due date stated on the invoice.

All bookings are provisional and will only be confirmed once payment has been received. Cenerva reserves the right to reallocate places if full payment has not been received. Delegates are responsible for the payment of additional accommodation and all other expenses incurred within the hotel. These costs should be settled by the delegate directly with the hotel.

Cancellations: Cancellations received in writing up to 30 days before the start of the Master Class will be refunded in full less an administrative charge of 10% (+ VAT where relevant). We are unable to refund cancellations received 30 days or fewer prior to the start of a Master Class. However, in such cases and at Cenerva’s discretion, a place may be offered at a later Master Class. Delegate substitutions may be made at any time, though confirmation of any changes must be received by email, fax or post prior to the start of a course.

Non-attendance: In the event of non-attendance, full course fees will remain payable and no refunds will be made.

Changes to Programme: Cenerva reserves the right to make changes to or cancel its published course due in part or in full to unforeseen circumstances or insufficient numbers. Cenerva will make all reasonable efforts to notify delegates of any necessary changes in good time and if necessary to reschedule the Master Class. Delegates will be entitled to a refund of the course fee if the course is cancelled or is changed to a date or location which is not acceptable to the delegate. Cenerva will have no liability to delegates for damages of any nature arising from the cancellation of a course or from a change in its date or its speakers.

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Please be assured that Cenerva does not share any such information with external companies.