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Tenants at the Heart – of Risk-Based Regulation of Housing Associations. Maria Round, Regulation Manager Housing Regulation Team, Welsh Government TPAS Cymru Conference, 7 November 2013. What we will be covering today?. What is regulation for? The ‘framework’ for regulation
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Tenants at the Heart – of Risk-Based Regulation of Housing Associations Maria Round, Regulation Manager Housing Regulation Team, Welsh Government TPAS Cymru Conference, 7 November 2013
What we will be covering today? • What is regulation for? • The ‘framework’ for regulation • Results of the ‘review’ of how we work • How we are changing the way we work • How tenants are kept at the heart of our work? • What do you think? TPAS Cymru Conference, 7 November 2013
What is ‘Regulation’ of Housing Associations (HAs) & what is it for? • To make sure tenants, potential tenants & users of HAs’ services get a fair deal • Protects taxpayers - public funding • Gives lenders confidence to provide loans • To make sure HAs are meeting set expectations • Support/ challenge to HAs • Taking regulatory action (formal if needed) TPAS Cymru Conference, 7 November 2013
The ‘Framework’ for Regulation – Principles? • Working together • Relationship management • Delivery Outcomes • Self Assessment • HARA report • Regulatory Board – Wales • Tenant Advisory Panel • Tenants at the Heart TPAS Cymru Conference, 7 November 2013
Interim Evaluation of the Regulatory Framework • Key messages: • Retain the principles of the regulatory framework • Improve the approach • Stop looking at everything • Learn from regulation • Governance review– are HA Boards doing the best job? TPAS Cymru Conference, 7 November 2013
...Improving our Approach - 1 • We’re changing: • Look at what really matters, using ‘risk’ • Regulatory Assessments of HAs via contact/engagement • Structure/ content of HARA reports & FVJs (Financial Viability Judgements) to change TPAS Cymru Conference, 7 November 2013
...Improving our Approach - 2 • We’re changing cont.: • Co-regulation • 3 Advisory Groups set up - RAG (Regulatory Advisory Group - FAG (Finance Advisory Group) - L&DAG (Learning & Development Advisory Group) TPAS Cymru Conference, 7 November 2013
Risk-Based Regulation • How will it work? • Housing sector-wide risks • Risks of individual Housing Associations • Produce a Regulatory ‘Risk Map’ • Contact focussed on risks & improvements TPAS Cymru Conference, 7 November 2013
1 Housing Sector Risks 2 Individual HA Risks 6 Published Regulatory Assessment TPAS Cymru Conference, 7 November 2013
What do you think is ‘Risky Business’? • 3 key areas; • Governance • Finance • Landlord services • On your tables is a list of possible risks in 1of these areas – 10 mins to discuss/ choose the top 3 biggest risks, in your opinion TPAS Cymru Conference, 7 November 2013
How do we put Tenants at the Heart of Regulation? Tenant Advisory Panel (TAP) Check that landlords put tenants at the heart of what they do TPAS Conference Tenant contact Welsh Tenants' Conference Check tenants' experiences of services Tenant organisation reps on the RBW, RAG + L&DAG TPAS Cymru Conference, 7 November 2013
What are Your Thoughts...? • What can be done to keep • tenants at the heart of regulation? • Are we/ your HA landlord doing • enough? • What more could we/ your HA • landlord do? • Discuss on your table for 10 mins TPAS Cymru Conference, 7 November 2013