Search results (607 cards)

Advanced search

Laurent Vidal graduated from the Institut d'Etudes Politiques de Paris (Sciences Po Paris, section Economique et Financière), holds a diploma in private law, and a doctorate in public law. (...)

Christine Thin holds a degree in Law from Université Panthéon-Assas (Paris 2) and is a graduate of the Ecole nationale de la magistrature (ENM). From 1973 to 1975, she served as a special judge for minors at the Tribunal de Grande Instance (TGI) de Douai. (...)

David J. Dickinson is an Attorney-Advisor for the Office of Transportation and Air Quality within the Office of Air and Radiation of the United States Environmental Protection Agency in Washington, DC. He received his J.D from George Washington University, National Law Center in Washington, D.C., and his B.A. in History and Political Science from the University of California, San Diego.

Main information

A decision handed down by the French Court of Cassation (Cour de cassation) validates a right of first refusal contract whose purpose was to prevent financial speculation on the property being sold. This decision, political in nature, opens new possibilities for using the contract as an instrument for regulating real-estate prices.

The United Kingdom is probably country of "self-regulation", many academics devote studies, regulators praise its merits, the legislation puts it in place. This is in the area of the press. The electronic media are regulated by OFCOM, but the written press is still self-regulated. British tradition remains so.

La presse britannique, dont on connait la variété du niveau, du Daily Mirror à The Economist et à propos de laquelle les scandales sont nombreux à propos des violations de vie privée et des méthodes pour acquérir les informations, est "autorégulée".

C'est pourquoi un rapport a été publié en 2012, le rapport Leveson, lui-même continuant à recommander l'autorégulation. Sur cette recommandation, a été élaborée le Press Recognition Panel (PRP), entré dans le système juridique par une "Charte royale" le 30 octobre 2013, articulé avec un organe de supervision, le Independent Monitor for the Press (IMPRESS), créé quelques mois plus tard. On ne sait si cela avait bien fonctionné, mais le 8 septembre 2014 le premier organisme est absorbé par le second.

It quarrels on the best model of banking regulation, but the key is to determine the criteria against which we fight. However, two representatives of the Bank of England, during the global meeting of central bankers in Jackson Hole in the US, have appointed what they believe to be the relevant criterion: simplicity. In a short intervention, they stressed that the North American banking regulation would make about 30,000 pages and 60,000 pages for the European Union. Entitling their speech "Dog and Frisbee", they said that it is equivalent to require that a dog learns Newton's laws before catching the Frisbee. Under these conditions, many would would like to return to Glass-Steagall Act, the mere fact that this law was simple.

The Libor manipulations successively discovered, led the British Government to request to the Financial Services Authority (FSA) a report to reform the system. On August 10, 2012, a progress report is made public. It proposes not to end self-regulation, but to temper it. Firstly, the declaratory system, too subjective, must be tempered by objective data (real transactions and other reference rate). Secondly, the power of monitoring and sanction of public authorities must be increased. This growing power must be that of the courts... and the Financial Services Authority (FSA). Stakeholders have until September 7, 2012 to respond. The British Government has entrusted in late July 2012 the Financial Services Authority (FSA) a report on the reform that is appropriate to operate concerning the system of Libor. It must be submitted at the end of September. Subsequent events show the method followed.