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Updated: July 23, 2012 (Initial publication: July 17, 2012)

Breaking news

The case of the Libor shows that from 2008 the Bank of England was alerted and would not have reacted. The July 9, 2012, Vice Governor denies formally.

The case of the Libor is already designated as case which will constitute a turning point in the banking regulation. Indeed, even beyond the astronomical amounts of fines, penalties and damages that were intended to be pronounced, it’ s the declarative system, that is to say the part of self-regulation, the system which is in question. All banks are implicated. Further investigation for agreement is also open. More importantly, it would appear that the Bank of England, Central Bank, knew as early as 2008, has not reacted, or has covered, or even may have been complicit in banks. Therefore, the terrible question appears: "who rely?".

Updated: July 23, 2012 (Initial publication: July 15, 2012)

Breaking news

By judgment of 12 July 2012, the Belgian Constitutional Court confirms the jurisdiction of the regulator of energy to provide the rate of injection into the electricity transmission network

In Belgium, in December 2008, the Flemish Region issued a decree tariffing the injection into the electricity in the distribution network. The Belgian Energy regulator, the "Commission de Regulation de l’Electricité et du Gaz" (CREG – Belgian Regulatory Commission for Electricity and Gas), which has federal jurisdiction, challenged this Decree in the Constitutional Court; the regulator considered that the Region has no jurisdiction to establish such a tariff. By the decision of July 12, 2012, the Court gives reason to the regulator and cancels the order adopted by the Region, stating the need for a federal jurisdiction to adopt such tariff, in this case the jurisdiction of the regulator.

Updated: July 12, 2012 (Initial publication: July 12, 2012)

Doctrine

Global Environmental Governance reconsidered

Global Environmental Governance reconsidered

Updated: July 12, 2012 (Initial publication: July 13, 2012)

Breaking news

Release work : MAGGETTI, Martino, Regulation in practice. The de facto independence of regulatory agencies

Updated: July 9, 2012 (Initial publication: July 1, 2012)

Breaking news

On 19 June 2012, the European Parliament loosened the project designed by the European Commission on credit rating agencies.

On June 19, 2012, the European Parliament adopted an extensively modified version of the draft text prepared by the European Commission on credit rating agencies. It does not address the issue of the concentration of the rating market, believing that this is a matter of competition and not of regulation. It reduces the scope of the rotation rule in three years and only for structured products. It requires agencies to issue a schedule of two or three dates in the year where they can change their sovereign debt notes. Next to these devices of ex ante regulation, Parliament adopts an ex post system, civil liability of agencies, in which it will be for them to demonstrate to investors that they have complied with the rules in force.

July 4, 2012

02. European Union

REGULATION (EU) No 648/2012 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 4 July 2012 on OTC derivatives, central counterparties and trade repositories

Read the Regulation

Updated: July 2, 2012 (Initial publication: June 23, 2012)

Breaking news

On 20 June 2021, on the occasion of the event organized by the "Confederadion Empresarios del Juego - COFAR" (the Spanish Confederation of the Game), most of the national regulators of the online games in Europe pointed out the difficulties caused by national differences of regulation.

The "Confederadion Empresarios del Juego COFAR" (the Spanish Confederation of the Game) have organized a symposium on 20 June in Barcelona, in which European regulators expressed including the France, the Spain, the Italy and the Portugal. The chairmen of the national regulatory authorities first emphasized their concern for common standards to a European market of a market of online games, including in what could become a domain identified name to refer to European players. In addition, the conference showed their desire for a stronger opening of a European market of online games. This fact also achieved through domain names.

Updated: June 25, 2012 (Initial publication: June 15, 2012)

Breaking news

In Morocco, the Bill creating the "Autorité de Contrôle des Assurances et de la Prévoyance Sociale - ACAPS" (Supervisory Authority of Insurance and Social Welfare) was submitted to the Council of Ministers.

In Morocco, after months of adjustments to bring together stakeholders, a draft law has been prepared and introduced in the Council of Ministers the end of May 2012. The Département des assurances du ministère (Insurance Department) will then give way to an independent regulator, the Autorité de Contrôle des Assurances et de la Prévoyance Sociale - ACAPS (Supervisory Authority of Insurance and Social Welfare). Independent of the Executive, the regulator is financed by a tax on insurers and the administrative fines which it imposes. It is composed of two bodies. The first determines the general policy of the Authority, fixes the financial contribution due from insurers, approves staff plan, grants licences to insurers. The second, sets up by the President, draws up the annual budget, and adopts the agenda of the meetings and the decisions of sanctions. The Board of discipline certainly presided by a magistrate of the Cour de cassation (Civil Supreme Court), only provides an advisory opinion to the President of the Authority on proposed sanctions.

Updated: June 25, 2012 (Initial publication: June 20, 2012)

Breaking news

The Internet Corporation for Assigned Names and Numbers- ICANN revealed on June 13, 2012, the list of the first applications for generic Top - Level Domain.

The Internet Corporation for Assigned Names and Numbers - ICANN, private regulator of Internet domain names, had a few months ago, embowed its depleted alphabet to letters with accents to closer to natural language domain names. A jump is crossed. On 13 June, 2012, the ICANN has published the list of the first private applications for the allocation of new generic extensions, does not corresponding to countries (.fr for France) or a typology (edu for Education), but to specific entities, including institutions or companies. The filing cost $ 185,000. 1930 claims have already been filed. Thus, some of the names are closely contested: for example "app", which evokes both "apple" and "application", was immediately requested by several companies.

Updated: June 11, 2012 (Initial publication: May 30, 2012)

Breaking news

Release work : Les services d'intérêt économique général et le marché intérieur : régimes nationaux et cadres juridiques européens (English translation : Services of general economic interest and the internal market: national regimes and legal European framework)

The "Société de Législation comparée" (Society of Comparative Legislation) publishes the acts of a symposium. The notion of "service of general economic interest" was developed by the European Commission and the European Court of Justice, before the Treaty, including the Lisbon Treaty and its Protocol 26, give it its place. Thus, member States, as demonstrated by the collective work, must take into consideration, this European doctrine, that balances competition and public service, and no longer develop national concept of utilities ignorant of legal developments in Law of the European Union.
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