Regulatory economics and policy
In rapidly changing policy environments facing intense political and public scrutiny, we empower organisations to understand, evaluate, navigate and influence regulatory frameworks and policy decisions. Our independent economic advice expertise helps regulators and governments develop robust policy measures and enables businesses to confidently comply with requirements.
S&W’s experts have worked with all the UK’s main economic regulators, including Ofwat, Ofgem, FCA, PSR, Ofcom, CAA and NHSEI on investigations, policy design and remedies. We bring rigorous economic analysis and experience across regulated sectors, including financial services, payments, infrastructure, telecoms, digital and healthcare to support strategy, compliance and regulatory engagement.
Economic analysis for informed policy and effective compliance
We work with economic regulators, central and devolved governments, regulated entities and their legal advisers to provide evidence-based insight into regulatory and policy challenges.
S&W professionals have deep expertise in business case analysis, including Green Book, Aqua Book and Magenta Book methodologies. Whether advising on regulatory reform, policy consultations, incentive frameworks, or sector-specific compliance, we help clients manage risk, make informed decisions and achieve effective, defensible outcomes.
Our team advises on market investigations, policy appraisals, remedy design, cost benefit analysis and regulatory compliance. Our economists have advised on the most critical interventions in recent times, including supporting Ofwat on PR24, broadband companies on Ofcom’s market access review, the FCA on motor finance and financial services firms on consumer duty compliance.
S&W experts have also supported government departments and devolved governments evaluating and structuring interventions and investments and stood behind this analysis in reviews by the CMA and the CAT.
An overview of our regulatory and policy support
Our economics advice and analysis spans price controls, policy and regulatory design, incentive frameworks, and the preparation and evaluation of economic and regulatory impact assessments.
Policy and regulatory design
Our evidence-based advice supports the development and evaluation of regulatory frameworks and policy interventions that optimise outcomes for stakeholders.
Price control analysis
Across regulated sectors, we advise on the design, review and implementation of price controls, including setting allowed revenues, costs and returns.
Incentive design
Our economic experts structure regulatory and commercial incentives that encourage efficiency, innovation and desirable market behaviour.
Economic impact assessment
We can quantify the economic, social and financial impacts of policy proposals and regulatory interventions on markets, consumers and stakeholders.
Regulatory and policy impact assessments
We help regulators and clients prepare and evaluate regulatory impact assessments, including by providing cost-benefit analyses and policy appraisals.
Cost of capital
We calculate the weighted average cost of capital (WACC) and capital asset pricing model (CAPM) and advise on appropriate capital costs to support price controls and investment decisions.
Efficiency and benchmarking
Our econometric, mathematical and benchmarking analysis helps businesses, governments and regulators assess efficiency and identify opportunities to improve sector productivity.
Business case development
We prepare and review business cases in line with Green Book, Aqua Book and Magenta Book standards for major public-sector and regulated projects. We are also experts in key departmental methodologies, such as the Department for Transport’s WebTAG.
Regulatory remediation support
We can advise on responses to regulatory breaches, enforcement notices or supervisory inquiries, and support the design of effective remediation plans.
Sector-specific regulatory advice
We provide tailored advice across the financial services, payments, infrastructure, telecoms, digital and healthcare sectors.
Expert evidence and advice
Our experts’ evidence, reports and testimony are used in tribunals, regulatory hearings and legal proceedings, including policy challenges, appeals and enforcement cases.
Get in touch
Contact us to see how we can help.