Tom James MSc FCA

Tom James MSc FCATom James MSc FCATom James MSc FCA

Tom James MSc FCA

Tom James MSc FCATom James MSc FCATom James MSc FCA
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Bringing economic regulation and financial reporting together

Bringing economic regulation and financial reporting togetherBringing economic regulation and financial reporting togetherBringing economic regulation and financial reporting together

Relevant, reliable reporting and modelling for price controlled utilities 

Bringing economic regulation and financial reporting together

Bringing economic regulation and financial reporting togetherBringing economic regulation and financial reporting togetherBringing economic regulation and financial reporting together

Relevant, reliable reporting and modelling for price controlled utilities 

About Tom James

A leader in Regulatory Finance

I have over thirty years of experience in regulatory and other finance specialisms in the telecoms and energy sectors.  I am a Fellow of the Institute of Chartered Accountants in England and Wales (FCA). 

Strategic Development

I ensure that reporting and modelling are proactively considered as integral to any price control, so that regulatory financial reporting and information gathering develops with the underlying regulatory changes. 

Advanced Costing Techniques

I have an in-depth understanding of the economic and financial techniques used for regulatory decisions, and their practical implementation.  These include Current Cost Accounting, Capital Maintenance concepts, Long Run Incremental Costs, Regulatory Asset Base, Weighted Average Cost of Capital, Fully Allocated Costs, Transfer Charges, top down and bottom up modelling. 

A Wider Finance Perspective

My experience  in commercial roles, on financial reporting, management accounting, bid support and in financial operations, allows me to ensure regulatory reporting is integrated with, and builds upon the core finance needs and capabilities of the regulated business.  

Programme Leadership

I have introduced modern planning and project management techniques to regulatory finance development, ensuring appropriate resource allocation, timetables, stakeholder engagement and early identification of key risks and issues.  

Disputes and Litigation

I have worked with legal and regulatory teams to develop arguments and supply relevant material for court and out-of-court disputes, including preparing submissions to the Competition Appeals Tribunal and Competition and Markets Authority.

International Work

I have experience in the international environment, having worked with regulatory and finance teams in Ireland, the Netherlands, Spain, France, Italy, Belgium, Malaysia and Singapore.

Regulatory Convergence between Industries

My experience in telecoms is complemented by experience in projects in gas transportation and payments systems and a  strong knowledge of requirements and developments in other sectors (post, water, energy and transport).

Experience in Economic Regulation

Technical Economics Expertise

In 2023, I gained an MSc Economics with distinction from Birkbeck, University of London.  My studies included elective modules in industrial economics and corporate finance. 

Head of Competition / Regulatory Finance at BT from 2011 to 2019

From 2011 to 2019, I led a team of around 20 finance experts supporting BT and Openreach.

Developing Regulatory Reporting

Leading the strategic development of regulatory finance (content and methodologies for regulatory costing system, published financial statements and other reports)

  • Full engagement with Ofcom and other stakeholders (written and verbal)
  • Setting project and resource plans and obtaining endorsement from senior leaders
  • Ensuring accurate and relevant  evaluation of the returns and capital base 

Analysis for Market Reviews

Financial analysis and supply of financial information for all recent UK fixed telecoms reviews, eg:

  • Wholesale Local Access (Copper and Fibre services) 2018
  • Business Connectivity (Leased Lines) 2016 and 2019
  • Wholesale Broadband Access (Bitstream) 2014 and 2018

Analysis for Investigations

Financial analysis and  information for investigations under competition and regulatory law , eg:

  • Ethernet Wholesale Pricing 2012
  • Broadband Retail Margins 2014

Expert for Legal Appeals

Financial analysis to develop arguments and preparation of information for the tribunal, eg:

  • Ethernet Appeal 2013 (Competition Appeals Tribunal)
  • Business Connectivity Review Appeal 2016 (Competition and Markets Authority, including appearance as expert witness at hearing)

Experience in Financial Reporting and Audit

euNetworks

Group Financial Controller - 2009 to 2011

  • Financial reporting to executives and board
  • Public reporting, process and finance systems improvement

Sky

Financial Controller (Easynet UK) - 2006 to 2008

  • Management reports, business cases, budgets, forecasts, receivables and payables

COLT Telecom

Controller, Financial Planning (UK and Northern Europe) - 2003 to 2005

  • Budgeting, management reporting, financial analysis, bid support

BT

Senior Finance Manager (1997 to 2003)

  • Group Regulatory Finance - Pricing and cost attribution for competition investigations
  • Global Services - Regulatory submissions and modelling for mobile licence bids
  • Group Strategy and Development - UK Broadband launch and European restructuring 

Price Waterhouse

Audit and Business Advisory Services (1989 to 1997)

  • Managing  audits for plcs, particularly in gas transmission and aerospace

Competition Finance Blog

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