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.
On May 12, 2011, the Autorité de la Concurrence (French Competition Authority) took protective measures to suspend a planned partnership between La Poste (The French postal service) and Mondial Relay, an alternative parcel delivery company. The Autorité de la Concurrence strongly suspects that this agreement would reinforce La Poste’s dominant market position and hinder the development of competition on the market for parcel delivery.
PORTUGUESE
Informe temático (Correios): A autoridade francesa de concorrência adota medidas protetivas para suspender una parceria entre La Poste e Mondial Relay.
Em 12 de maio de 2011, a Autorité de la concurrence (Autoridade francesa de concorrência) adotou medidas protetivas de suspensão de uma parceria planejada entre La Poste (o serviço postal francês) e Mondial Relay, uma empresa de envio alternativo de pacotes. A Autorité de la concurrence tem fortes suspeitas de que este acordo reforçaria a posição dominante de mercado de La Poste e afetaria o desenvolvimento da concorrência no mercado de envio de pacotes.
ITALIAN
Relazione tematica (Poste): L’autorità garante della concorrenza francese ha adottato dei provvedimenti di protezione per impedire il partenariato tra La Poste e Mondial Relay
Il 12 maggio 2011, l’Autorité de la Concurrence (l’autorità garante della concorrenza) ha adottato dei proveddimenti per sospendere un progetto di partenariato che sarebbe stato concluso tra La Poste (la società che gestisce i servizi postali francesi) e Mondial relay, un’altra società di consegna pacchi. L’Autorité de la Concurrence ha emesso forti sospetti che tale accordo puntasse a rinforzare la posizione dominante de La Poste e ad ostacolare la normale concorrenza nel mercato della consegna pacchi.
In the United States, a trial opposes Oracle, applicant, Google, defendant. Indeed, Google has developed its computer system Android from elements of Java. Oracle holds a series of patents on Java and considers that, in doing so; Google infringed it's right to intellectual property. The financial stake of the trial is considerable. The issue of principle also, since it is a question of whether mathematical algorithm of departure was patentable, or at the very least protected by copyright law. Third rank of attack, as presented to the jury, Oracle argued that, even if one were to consider that it was not "owner", Google infringed the general rule of "fair use", leading to the beginning of the general field of the responsibility. In the first instance, the judgment of 9 June 2012 dismissed all, believing that technique debated was not quite original but a technique allowing two computer languages pre-existing dialogue, which is not copyrightable, and that a third party may use. This case is exemplary of the innovation place, as the case law to be inserted into the markets and industries. Oracle will appeal.
The U.S. District Court in Newark, New Jersey, dismissed a class action suit brought against drug manufacturer, Schering Plough, alleging that payments it made to two generic drug manufacturers in order to delay the introduction of generic forms of one of its products, violated antitrust law.
A simple question: be regulator, is it a profession?
As soon as one asks the question, it should be down. Indeed, the time has passed when the regulator was a natural person. Today, in most cases, the regulator takes the form of a Regulatory Authority, that is to say an entity with or without legal personality, incorporated in the State or professional.
Individuals appear as a member of the Authority, even if it is true that the President of the Regulatory Authority often has a very importan role!footnote-17.
The choice of Commissioners is crucial to the independence and effectiveness of the regulatory authority. It is appropriate that the person has "authority" over the area, must be respected and participates effectively in the collective action of the College.
Let us try to recall the two sets of criteria to determine how one thinks the "good regulator" before taking such case the appointment of Mr. Yann Padova as a new member of the College of the Commission de Régulation de l'Énergie (French Energy Regulatory Commission).
The nature of virtual currency remains uncertain. In any case, the object is very attractive, in particular because its nature, presented as "new", implies that its handling is not regulated.
This allows, in particular for individuals or start up, to issue "tokens" to offer them in exchange of funds, by the "initial coin offerings (ICOs)" technic, tokens acquired by investors, without being banking institutions, or borrowing money , nor issuing capital securities.
Operators demand that this behavior be recognized in its novelty and be recognized as being governed only by the contract and the general principles of loyalty, commitment and information, because what it is not prohibited is permitted while what is not regulated is freely organized by the parties who consent to it.
The European Commission proposes a package to enhance consumer protection and strengthen consumer confidence in financial services, comprising deposit guarantee schemes, investor compensation schemes, and insurance guarantee schemes. The proposals were sent to the European Parliament and the Council of Ministers for consideration.
The British Advertising Standards Authority (ASA) announced on September 1st, 2010 a revision to the Committee of Advertising Practice Code (the CAP Code), in order to handle consumer complaints and sanction non-compliant advertising on British websites. These new rules will be effective from March 1st 2011.
FRANCAIS
Le British Advertising Standards Authorithy (ASA — organisme britannique d'autorégulation de la publicité) a annoncé le 1er septembre 2010 une révision au Committee of Advertising Practice Code (The CAP Code — le Code des bonnes pratiques dans la publicité), afin de pouvoir répondre aux plaintes des consommateurs relatives aux publicités non-conformes sur les sites Internet britanniques, et de les sanctionner. Ces nouvelles règles entreront en vigueur le 1er mars 2011.
GERMAN
Die British Advertising Standards Authority (ASA - die britische Selbstregulierungsbehörde für die Werbebranche) hat am 1. September 2010 verkündigt, dass der Committee of Advertising Practice Code (the CAP Code - die Richtlinien für Qualitätsregeln in der Werbewirtschaft) so verändert wird, dass er für das Empfängnis und die Behandlung von Verbrauchersklagen gegen Internet-Werbungen zuständig wird. Diese Regel wird erst am 1. März 2011 im Kraft treten.
SPANISH
El British Advertising Standards Authority (la Autoridad británica de la autorregulación publicitaria) extiendo el CAP Code (el código des buenas prácticas publicitarias) para cubrir las publicidades que se encuentran en sitios de web británicos
El British Advertising Standards Authority (la Autoridad británica de la autorregulación publicitaria) anunció el 1 de septiembre 2010 una revisión al Committee of Advertising Practice Code (the CAP Code – el código des buenas prácticas publicitarias), para poder responder a las quejas y sanciones sobre las prácticas publicatarias no-conformes sobre los sitios de web británicos. Estas nuevas reglas entrarán en vigor el primero de marzo del 2011.
On November 4, 2010, the French telecommunications regulator obliged a fiber optic network operator to obey certain conditions for the access to civil engineering infrastructures that it had not accepted in its contracts with the civil engineering infrastructure operator. The Court of Appeals of Paris confirmed this ruling on June 23, 2011 on the grounds that the civil engineering operator required all fiber optic network operators to behave identically.
FRENCH
Par une décision du 4 novembre 2010, le régulateur français des télécommunications avait obligé un opérateur de réseau fibre, pourtant titulaire de contrats, à observer des contraintes contenues dans l’offre “accès au génie” qu’il n’avait pas acceptées. La décision est approuvée par la Cour d’appel de Paris le 23 juin 2011, car l’opérateur du génie civil a besoin de comportements homogènes de la part de tous les opérateurs de fibres optiques.
SPANISH
El principio de los estándares de la neutralidad (el ejemplo de estándares de contabilidad)
El tema de la neutralidad trae a luz un cierto número de ideas preliminares.
Para comenzar, la figura de Buda viene a mente, porque él sólo expresa la naturaleza interminable que es el tema de la neutralidad, ya que al pensar en el hecho de que él no piensa en absolutamente nada, Buda aún así piensa en algo. También me hace pensar el intento constante de la música contemporánea de alcanzar una forma de neutralidad: pero este objetivo permanece inalcanzable, porque es evidente que la búsqueda de lo neutral, en un sonido o un timbre, probablemente nunca se podrá encontrar.
The Royal Bank of Scotland (RBS) is a British Bank controlled to 80% by the State. It is said involved in the case of the Libor. On August 24, 2012, Reuters news agency reported links between the Royal Bank of Scotland (RBS) and the British and North American regulators to stop the intended prosecution through a settlement. The interest is not in the subject of the announcement, but in the formulation. Indeed, the Bank denies the existence of this mutual understanding. Less than a month ago, it claimed that it would face prosecution and a few weeks ago, it claimed that it could be actions of traders and not its own, taken as operators. Today, these are lawyers who reveal the strategy of negotiations with the regulator. Thus, what made the right hand of the Bank, the left hand of the Bank ignores it and can do something else; the essential was to reassure the market.
