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Updated: May 29, 2012 (Initial publication: May 21, 2012)

Breaking news

The North American Senate approves the appointment by the President of the United States of two new members of the US Federal Bank, appointments that it blocked so far.

The Executive Board of Governors of the North America Federal Bank had only four governors on seven seats established. But two people, Jerome Powell (Banker), and Jeremy Stein (Economist) appointed by the President of the United States Barak Obama, could not take their function, because their appointment in December 2011, was not approved by the Senate. It was enough that two parties will disagree with each other, while Mr. Powell is Republican and Mr. Stein is democratic, to paralyse the whole because of the willingness of opposition of the Republican Senator David Vitter. The JP Morgan case led the two parties to an arrangement and the appointments were approved by the Senate on May 18, 2012.

United States of America

Federal Housing Finance Agency

The Housing and Economic Recovery Act of 2008 gave FHFA the authorities necessary to oversee vital components of USA’secondary mortgage markets – Fannie Mae, Freddie Mac, and the Federal Home Loan Banks. FHFA’s mission is to provide effective supervision, regulation and housing mission oversight of Fannie Mae, Freddie Mac and the Federal Home Loan Banks to promote their safety and soundness, support housing finance and affordable housing, and support a stable and liquid mortgage market.

Updated: Oct. 7, 2011 (Initial publication: March 24, 2011)

Authors

CUOCOLO, Lorenzo

Lorenzo Cuocolo is Professor of Comparative Public Law at Bocconi University in Milan. He holds a doctorate in Constitutional Law at the University of Genoa. He has been visiting research scholar at NYU Law School and Sciences Po Paris. (...)

Updated: Jan. 10, 2012 (Initial publication: Jan. 10, 2012)

Authors

FISHMAN, Todd

Todd is a litigation partner in Allen & Overy’s New York office, where he has represented financial institutions, companies, law firms and senior executives in a wide range of complex commercial, regulatory and criminal matters. (...)

Updated: Jan. 10, 2012 (Initial publication: Jan. 10, 2012)

Authors

DONA, Julie

Julie Dona is a law clerk at Allen & Overy’s New York office. She holds a juris doctor from the New York University School of Law and a master in public affairs from Princeton University. (...)

Updated: Sept. 17, 2012 (Initial publication: Sept. 9, 2012)

Breaking news

On 5 September 2012, the Cameroonian electricity regulator, estimated that the public operator fails to meet its obligations

In Cameroon, the electricity sector is organized around a public operator, the Aes-Sonel, which the State conceded the transmission and distribution of electricity. The “Agence de Régulation du Secteur de l’Energie – ARSEL ( Cameroons Regulatory Agency Electricity Sector ) is responsible for ensuring the proper functioning of the system, quality of service and consumer protection. As in other African countries for the moment the country suffers from a lack of electrification planning and a lack of access to electricity, a significant portion of the population. However, the regulator has commissioned a survey from June 4 to August 16, 2012. He was released on September 5 which he says the study shows that the operator doesn’t provide public service obligations correctly towards consumers. The operator responds by saying that on the one hand the study is not conclusive and that other conditions, external to him, do not bring electricity to everyone but it’s not its fault.

Updated: Sept. 17, 2012 (Initial publication: Sept. 13, 2012)

Breaking news

On 10 September 2012, Ofcom rejects complaint of Julian Assange, formed for invasion of privacy

The creator of Wikileads, Julian Assange, has been the subject of a documentary which was screened on British television Channel 4, in which he is seen dancing in a night club. Believing that there is a violation of his privacy, he seized the British media regulator, Ofcom. The latter, by a decision of 10 September 2010, rejected the complaint, based not so much on the argument that it is a public place and that the image has already been circulated but rather the plaintiff has been associated with the development of documentary and he could give additional facts or contradictory arguments to those gathered by the channel. Is measured here that could be the office of a controller wich supports both the regulation of content and container.

Updated: Sept. 25, 2012 (Initial publication: July 8, 2011)

Sectorial Analysis

II-5.8: The French Electricity Regulator can legitimately use its powers to organize Diffuse Effacement, but oversteps its mandate (ultra vires) when it mandates that intermediaries remunerate the energy supplier

Main information

The technique of “effacement diffus” [diffuse effacement] is when a number of electricity consumers agree beforehand to consume less electricity at certain times (effacement), which allows other consumers to use the network at peak hours. Corporate intermediaries arrange these diffuse effacements, thereby participating in the adjustment system vital to the security of the electricity distribution network. The Commission de Régulation de l’Energie (CRE – French energy regulator) organized the system of “diffuse seffacement” even though this measure was not contained in statute. The Conseil d'Etat (French Council of State)’s Voltalis ruling, handed down on May 3, 2011, recognizes the CRE’s right to organize this system. But, it also deems that the regulator exceeded its powers by mandating that the corporate intermediaries organizing diffuse effacement remunerate the electricity provider.

Updated: July 4, 2011 (Initial publication: Feb. 17, 2010)

I. Isolated Articles

I-1.5 : Regulating the gambling Market : Quality-based versus price-based competition

Updated: May 9, 2012 (Initial publication: May 3, 2012)

Breaking news

The UK telecommunications regulatory authority (Ofcom) intends to withdraw to BskyB its broadcasting licence due to the possible illegal phone tapping.

The press and television Murdoch group is sued for getting information in an illicit manner, by violating the privacy of personalities, having established connections within the police in order to be informed, etc. Concerning, the television media, activity can be practised because of the prior allocation of a broadcasting license by the regulator. However, the British regulator Ofcom, said April 24, 2012 that he was studying the question of whether the operator could maintain its license in view of the findings made during the parliamentary investigation establishing phone tapping fixed by it.
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