Economic Regulation Issues November 2009

Telkom Loses Jurisdiction Case
Bloomberg.com, November 30, 2009

South Africa’s Supreme Court of Appeal has ruled that the Competition Commission (CC) has jurisdiction over Telkom, after a long-running dispute which commenced in 2002 when the CC attempted to impose a fine of approx. US$490.16m on the telecommunications giant. <<More>>

Commission Welcomes Reduced MTRs
Europa Press Releases, November 30, 2009

The European Commission welcomed the proposal of the Lithuanian regulatory authority for telecommunications, Ryšių reguliavimo tarnyba (RRT), to decrease mobile termination rates (MTRs) in Lithuania by around 60 percent in the coming two years.  <<More>>

Same Price Regulation
Europa Press Releases, November 27, 2009

The European Commission has asked the Polish telecoms regulator, Urząd Komunikacji Elektronicznej, not to unnecessarily prolong asymmetric termination rates in favour of P4, the latest entrant in the Polish mobile telephone market.  <<More>>

Reallocation of Mobile Radio Frequencies
International Law Office, November 25, 2009

The Federal Communication Commission has instructed the Federal Communication Office to prepare for the allocation of mobile radio frequencies, which are currently free or will soon become free. <<More>>

Stronger Action on Fixed Termination Rates
Europa Press Release, November 24, 2009

Competition Commissioner Neelie Kroes said "Effective access regulation and price control for all Lithuanian communication providers should ensure lower termination rates and a level playing field for all phone operators to the benefit of competition and consumers in Lithuania". <<More>>

Sound System Needs Good Supervision
Morningstar.com, November 18, 2009

Focusing on new regulations for the financial sector is "an inadequate approach" to forestalling another credit crisis, Canada's banking regulator said. Regulatory authorities who are creating new rules to govern international financial institutions should also look at successful supervisory regimes to see what works best. <<More>>

Need for Better Regulation
Channelnewsasia.com, November 16, 2009

Better regulation is needed to curb excesses among large financial institutions, according to French Finance Minister Christine Lagarde. As global markets rebounded, some top global financial firms which had received massive government bailouts are handing out large bonuses to staff. <<More>>

The Buck does not Stop with RBI
Livemint.com, November 16, 2009

Are winds of change blowing through the hallowed portals of India’s central bank, which turned 75 in year 2009? Recently it took quite a few baby steps towards financial sector liberalisation. <<More>>

Enhanced Mobile Competition
Commerce Commission, November 12, 2009

The New Zealand Commerce Commission has released its report on telecommunications markets in New Zealand covering the first six months of 2009. The report also provides some more recent information about mobile prices in New Zealand following the launch of the 2degrees network in August 2009. <<More>>

Need for Firm Regulation
The Peninsula, November 06, 2009

The fast-growing Islamic financial sector needs strong regulation to ensure it never faces the damage caused by the financial crisis, said Prime Minister, Malaysia. It was “imperative for the industry to draw upon the lessons learnt to ensure that we avoid any such financial instability in the future”.  <<More>>

Revision in Method
Europa Press Releases, November 05, 2009

The European Commission has requested that the Dutch telecom regulator to align its cost accounting method for calculating fixed termination rates with the approach recommended by EU guidelines. The Commission stresses that rates should be set on the basis of the traffic-related costs of an efficient operator employing efficient technology.   <<More>>

New Rules for Financial Institutions
International Law Office, November 06, 2009

On September 30, 2009 the Canadian government published the final versions of the new Credit Business Practices Regulations and the Regulations Amending the Cost of Borrowing Regulations.  <<More>>

Increasing Competition
Europa Press Releases, November 04, 2009

The European Commission is inviting comments from interested parties on commitments offered by the French energy company EDF which seeks to address the Commission's concerns that EDF may be abusing its dominant position in France and therefore infringing Article 82 of the EC Treaty.<<More>>

Rail Liberalisation
Autorite de la concurrence, November 04, 2009

The Autorité has issued an Opinion ahead of the liberalisation of international rail passenger traffic from January 01, 2010 at the latest, as envisaged by European Directive 2007/58/CE. It considers that train stations occupy a key role in the transport chain.   <<More>>

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