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Updated: Oct. 7, 2011 (Initial publication: Sept. 15, 2011)

Authors

Stephen Haddrill was educated at Trinity School of John Whitgift from 1967 to 1974, and then studied history and economics at New College, Oxford. In 1978, he joined the Department of Energy of the United Kingdom where he rose to the rank of Principal Private Secretary to the Energy Minister. (...)

Updated: May 6, 2010 (Initial publication: Feb. 25, 2010)

Sectorial Analysis

Main information

The Basel Committee on Banking Supervision approved a package of new proposals to strengthen global capital and liquidity regulations for consultation, as part of its comprehensive response to the international financial crisis.

Updated: July 23, 2012 (Initial publication: July 8, 2012)

Breaking news

In Estonia, State owns the company Levira Ltd., which operates telecommunications. Meanwhile, the Minister for Economic Affairs which assigns and manages the radio frequencies, numberings and ensures the functioning of the universal service. But a principle of regulation prohibits the cumulation by the state of the quality of regulator and the quality of operator. This is why the European Commission opened an infringement procedure to the right of the European Union against the Estonia 1 July 2012 and asked by a reasoned opinion, to separate clearly its two activities, to ensure the required impartiality attached to the exercise of the powers of regulation.

Feb. 15, 2015

Breaking news

In an article written in French, the press of Senegal reported a conference in which the First President of the Dakar Court of Appeal stated that the judicial court -  in the present case the Dakar Court of Appeal - after being a bit "frightened "by the regulatory law, because of its technicality, and after its fear of being dispossessed of cases because of the power of that the regulatory authorities in place to exercise the dispute resolution, is able to play its role today.

He first asserts that judges learned the technic of regulatory matter(in this case, his speech was about the public markets).

He asserts, secondly, that when the parties are in conflict, they continue to go before the judicial court, regardless of the existence of the independant administrative bodies and their dispute resolution function.

Updated: May 9, 2012 (Initial publication: April 11, 2012)

Breaking news

The European Commission published on April 11, 2012, a follow-up and summary report of on the application of the third directive "Anti-Money Laundering " which gives a community value to on international standards adopted by the Financial Action Task Force (FATF). This is to protect the financial system against the money laundering. The report assesses the effectiveness of the application of the directive and points out the need for change. The Commission requests that the standards for the detection of risk of money laundering are better targeted and oriented in the gambling sector. It also suggests that tax offences be regarded as offences of money laundering. As individuals, the report requires to banks and other professionals to increase their due diligences requirements. It also covers the "persons politically exposed", that is - to say those may be corrupt. The report finally requests a special assessment on the application of the Directive to independent legal professionals, including lawyers, subject to the legal obligation to report .

Updated: March 24, 2011 (Initial publication: June 29, 2010)

Others

Operational impact, issues or actions from the buy-side to the surveillance platform of supervisors. Organised by the European Institute of Financial Regulation (EIFR) Tuesday, June 29, 2010, 8:30 am to 2:00 pm | Palais Brogniart |Place de la Bourse, 75002 Paris

Updated: July 21, 2010 (Initial publication: Feb. 16, 2010)

Books

Comparison of various models of risk regulation in order to understand how those systems shape the relationship between law and science and how they attempt to overcome the public’s distrust of science-based decision making in the EU.

Updated: April 4, 2012 (Initial publication: Feb. 23, 2012)

Sectorial Analysis

Main information

On February 1st, 2012, the European Commission rejected proposed merger between the NYSE-Euronext and Deutsche Boerse. The Commission did it, considering that, on the relevant market of financial derivatives, the concentration would give the new firm almost monopoly and that the proposed remedies, notably the access for competitors to the clearing house, are Insufficient.

Updated: July 2, 2012 (Initial publication: June 22, 2012)

Breaking news

In the United States, the Federal Communications Commission had sanctioned for "indecency" two non-cabled television channels ABC and Fox, to have shown a woman entering back in the shower and let a singer say a rude word in a live broadcast. On appeal, the sanction was set aside by the federal judge. The regulator applies to the Supreme Court of the United States, which declared the case admissible and proceeds with the case, in a judgment of June 21, 2012. It dismisses the appeal of the regulator.It considers indeed that the regulator cannot punish channels in application of too-vague criteria of "indecency", as chains should know to what they expose themselves to the point where they act; otherwise punishment is contrary to the Constitution. This is a transposition of the legality of offences and penalties. The Court prefers to put the analysis on this field, repressive, and not the addressed by it, of the freedom of expression.

Updated: May 9, 2012 (Initial publication: April 19, 2012)

Breaking news

The French Rail Regulator entrusts a public undertaking, RFF ("Réseau Ferré de France"), the management of the railway infrastructure. It must therefore enter into contracts with the railway undertakings to have rail transportation. European laws provide that these contracts must follow on the one hand, the specific legal provisions, and on the other hand the "network statement ". In addition, framework agreements determine the distribution of the allocation of capacity of the infrastructure between transport undertakings, schedules and prices. The regulator must give a reasoned opinion on these agreements. The notice is only optional, binding neither the State nor the parties. RFF ("Réseau Ferré de France") has developed a project of framework agreement and transmitted it to the autorité française de régulation des activités ferroviaires (ARAF) – (French Rail Regulator). It has chosen to open on 17 April a public consultation, with on its website the project of framework agreement, allowing any stakeholders to express themselves on the duration, pricing, transparency and confidentiality, and also the contractual balance of such an agreement. The consultation will be closed on 4 June and the autorité française de régulation des activités ferroviaires (ARAF) – (French Rail Regulator) will then deliver its opinion.