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Updated: June 11, 2012 (Initial publication: June 13, 2012)

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Release Work : How Well Do Federal Regulations Actually Work? The Role of Retrospective Review

Complete reference : Randall LUTTER, How Well Do Federal Regulations Actually Work? The Role of Retrospective Review, Mercatus Center, Working Paper - April 2012, 26 p.

Updated: June 8, 2012 (Initial publication: June 1, 2012)

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The European Central Bank says on May 31, 2012, the need for a European unified banking supervision.

On 31 May, 2012 Mr Jörg Asmussen member of the Executive Board of the European Central Bank, said at a Conference behind closed doors in Frankfurt that the situation of Europe requires the establishment of an integrated supervisory banking in the euro area on the more systemic banks, which we can assess the number to 25. To do this, they should be supervised directly by a supranational regulatory authority and not by their national authority. Reuter was in favour of this statement. The European Central Bank spokesman confirmed the quote.

Updated: June 4, 2012 (Initial publication: May 27, 2012)

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The European Union regulation 19 April 2012 creates the European Observatory on Infringements of Intellectual Property Rights, established in May 2012.

In 2009, a European Observatory of counterfeiting and piracy was established. In May 2012, the European Observatory on Infringements of Intellectual Property Rights took its place, by the effect of a European Union regulation on 19 April 2012. This Observatory has the purpose to improve the understanding of the value of the rights of intellectual property, to measure their effectiveness and to promote the approximation of the laws of the Member States in this area. To do this, it organises meetings between administrations and the private sector and collects information about the laws and applicable case-law. States have to inform him.

Updated: May 29, 2012 (Initial publication: May 19, 2012)

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Release Work : Enforcement of Transnational Regulation. Ensuring Compliance in a Global Word

CAFAGGI, Fabrizio (ed.),Professor of Comparative Law, European University Institute, Italy. Elgar Publisher, 2012, 400 p. Globalization pushes the boundaries of markets. Alongside the greater “goods” of transnational economic activity come the “bads” of unregulated conduct. This important book looks to the new frontiers of legal intervention to make sure that global markets do not run riot over important public values. The signal contribution is not the search for ever higher levels of transnational authority – the superstates of a brave new world – but empowering numerous private actors to enforce legal norms in our fast-changing economic environment.

Updated: May 18, 2012 (Initial publication: May 13, 2012)

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Haiti is working on the adoption of a system of insurance regulation.

The Government of Haiti will refer to Parliament so that a regulation Act of the insurance industry could be adopted. So far, it was quite undeveloped. Such a law is expected to facilitate its development without risk. These prospects have been raised in a symposium held in Haiti on May 11, 2012.

Updated: May 14, 2012 (Initial publication: May 8, 2012)

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A new Director General of the Telecommunications Agency is appointed in Côte d'Ivoire to prepare for the creation of an independent administrative authority.

Economic regulation systems only work if regulators are independent, which implies in a minimal way that they are not corrupt. Few countries meet this basic requirement. Côte d'Ivoire has a telecommunications Agency, which is a State Corporation. By order of March 21, 2012, the Government creates the telecommunications regulatory authority. On May 4, 2012, the Board of Directors of the Agency of telecommunications convened to an extraordinary session and put an end to the mandate of its Director General, because of "serious shortcomings observed in the performance of his duties". He was immediately replaced by a telecommunication engineer, previously technical adviser to the Ministry. He was assigned the mission of preparing the transition of the system to an effectively independent, autonomous and impartial regulator.

Updated: May 9, 2012 (Initial publication: April 12, 2012)

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The Italian Ministry of Economic Development said the frequencies of terrestrial digital television will be auctioned

On April 10, 2012, the Italian Ministry of Economic Development, Mr Corrado Passera, declared that the frequencies of digital terrestrial television (DTT) have a significant economic value and that it is not fair that the State, which owns it, gives them for nothing. This is why Mr Corrado Passera will implement the policy decision announced by the Council President, Mario Monti, who want to organise auctions to sell these frequencies to the highest bidder. "The auctioning will be made by frequency packages". The model of auctioning will be the same as that followed for the 4th generation mobile phone frequencies. In France, the frequencies are sold in telephony, but not in audiovisual material.

Updated: May 9, 2012 (Initial publication: April 14, 2012)

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Bioethics versus Innovation: the European Court of Justice (ECJ) restricted the patentability of the uses of stem cells

The European Directive of 6 July 1998 on the legal protection of biotechnology inventions excludes the human embryo of the mechanism of the patent. A patent is filed in Germany on purified brain stem cells. German Federal Patent Court cancels the patent, because it would be on the human being. The one who filed the patent appeals, arguing that a text that refuses the patentability of the embryo is not about stem cells. Asked for a preliminary ruling by the National Court, the European Court of Justice (ECJ) delivers, in a Grand Chamber a judgment on October, 18 2011, asking that the Directive by designating the human embryo has designated the mechanisms of cell division. This extensive conception leaves a possible place for the stem cells. They can therefore be also excluded from patentability.

Updated: May 9, 2012 (Initial publication: April 17, 2012)

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The disproportion of the remuneration of the corporate officers in the United States raises doubts about the ability of the regulator to enforce the Dodd-Frank Act

The pay affected by the first hundred American companies to their best paid corporate officersrepresent more than 2 billion, notably because they include stock options. For the moment, the provision of the Dodd-Frank Act requiring companies to publish the ratio between the remuneration of the officers and the average remuneration of employees, whose the Securities Exchange Commission (SEC) must control effectiveness, is not currently observed.

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