Mr. Bernanke strongly supports putting the Fed in charge of risk regulation, but he and Fed officials are resisting Mr. Obama's plan for a separate consumer regulatory agency.
And Congress created a self-contained consumer regulatory agency inside the Fed with no funding oversight from Congress or the Fed's board.
In the coming months, there will be renewed challenges to the Voting Rights Act, affirmative action, Housing discrimination, public-school funding, corporate abuses, environmental, and consumer regulatory issues.
Specifically, it is demonstrated that when consumers' regulatory orientations are promotion-focused, an increase in size of an alignable (non-alignable) assortment has a positive (negative) impact on their choice confidence levels and choice likelihood.
In contrast, when consumers' regulatory orientations are prevention-focused, an increase in assortment size can have positive impacts on choice confidence levels and choice likelihood irrespective of whether the assortment is alignable or non-alignable.
Expect to see an increasing number of companies announce price freezes – following in the footsteps of SSE - in order to retain customers and win consumer and regulatory trust.
A 2012 fungal meningitis outbreak linked to the New England Compounding Center left 64 patients dead and raised consumer and regulatory concerns.
What is clear, Mr. Durbin said, is that the consumer product regulatory system — which largely relies upon manufacturers, importers and retailers to police themselves and report hazardous products — has not worked well enough.
Companies as varied as Nike in clothing, GlaxoSmithKline in pharmaceuticals and Wal-Mart in retailing have had to change their ways quickly to avoid consumer or regulatory backlashes.And it is not just a question of fending off disaster.
The raised profile of climate change, helped by the Stern review, Al Gore, the IPCC, and UN biodiversity reports, coupled with the EU's 2020 goals have created technology, consumer and regulatory pressures on business, says Accenture's Peter Lacy, author of the report.
Would a machine suggest appealing formulas that a human might not think to try? Daub hired IBM to design a computer system that would pore over massive amounts of information the formulas of existing fragrances, consumer data, regulatory information, on and on and then suggest new formulations for particular markets.
