The current regulatory regime for the railways is capable of accommodating the changed circumstances of the rail industry, according to a review by new transport secretary Alistair Darling.

However the government has proposed to build on the existing board structure of the Office of the Rail Regulator by establishing a statutory regulatory board.

Forum Response: Association of Train Operating Companies

A spokesman for ATOC told ePolitix.com: "We welcome the announcement which confirms independent regulation as an essential feature for the railways. It is an important step in creating the stable framework we need to build the railway."

Forum Response: WAGN

A spokesman for WAGN told ePolitix.com: "Establishing a regulatory board is a good idea and a useful step forward in line with changes outside rail and in EU processes, particularly given the greater co-operation and dialogue already taking place here between the ORR and the SRA.

"It offers a way forward for more concerted joined-up-thinking by the rail industry and the government acting together. It could not only help ensure all parts of the industry are fully aware and compliant with necessary legislation more quickly and effectively, but also contribute to making stronger the working relationship between the various bodies and government.

"It offers a good channel for stakeholder consultation before any legislative changes and a tangible way forward for focused planning, strategy and investment for the whole rail industry in the best interests of passengers. With a brief for adaptability to take into account changes in the industry, it could also provide a useful vehicle for delivering achievable targets, value for money and help replace a culture of fines and penalties with practical help and encouragement to see performance is improved in manageable ways.

"Rail is one of the industries with the most regulation and red tape and while that can be good for safety and compliance, it can hinder progress in some areas such as innovation and investment, so hopefully the regulatory board will focus on those kind of practical concerns and help deliver solutions.

"It could also play a useful role in enabling the industry to get over any problems and hurdles more quickly, such as the uncertainty and the associated lack of confidence in the City that has occurred while Railtrack has spent a lengthy time in administration."