Economic Regulation Issues June 2010

The Debate on Regulation
The Financial Express, June 21, 2010

UK’s new chancellor of the exchequer, George Osborne, has announced a major overhaul of the financial regulatory apparatus. Significantly, the body responsible for regulation of the financial sector, Financial Services Authority is to be abolished with most of its powers transferred to the Bank of England. <<More>>

UK Shakes Up Its Bank Regulation
The Wall Street Journal, June 17, 2010

The UK government has unveiled a shake-up of its regulatory system that will consolidate power within the Bank of England and eliminate the Financial Services Authority. <<More>>

Convergence in Telecommunications
Global Anti-trust Weekly, June 14, 2010

The Autorité (France’s competition watchdog) has issued an Opinion on certain issues raised by convergence developments in telecommunications that have led a number of operators to offer customers “triple play” bundles—fixed telephony, internet and television —or “quadruple play” bundles, which include mobile telephony. <<More>>

Canada Must Rethink Phone Regulation
Bloomberg Business Week, June 08, 2010

Canada has to reconsider how it regulates broadcasting and telecommunications as the two converge, the country’s main regulator of those industries said. <<More>>

Financial Regulator tightens Requirements on Remuneration Policies
International Law Office, June 04, 2010

EU Recommendation 2009/384/EC, which was published on April 30, 2009, addresses the issue of remuneration policies in the financial sector and responds to systemic problems in banks and investment firms.  <<More>>

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