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At WorldCom, Mr. Sidgmore sees the Bell companies' argument as a cynical ploy in support of their own long-running campaign for various forms of regulatory relief.
Cooler heads in Congress and the Obama administration should stop the optional federal charter — and all forms of regulatory shopping — in their tracks.
Banks may be tempted into new forms of regulatory arbitrage, by juggling assets between their trading book and their banking book.
ITV welcomed the move and said it would continue to campaign for other forms of regulatory relief, including reform of the rules that govern the way the network's advertising is sold.
Innovative forms of regulatory impact assessment, increasingly in vogue in the European Union, would need to become routine procedures, further strengthened by the involvement of citizens in assessing how laws and markets impact upon sustainable development objectives.
Depending on the actual combination of statutory regulation and self-regulation elements, co-regulation can take different forms of regulatory strategy (Rahim 2013).
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In other words, a different form of regulatory relief may arrive in time.
Community groups and others have argued that while the laws may need changing, the city must maintain some form of regulatory system.
"It's difficult to really know whether the purported cost savings are coming from a form of regulatory arbitrage as opposed to real technological advances and that's the big question," said Loretta M. Lynch, a member of the California Public Utilities Commission.
The direct cost of reimbursing customers may be merely a rounding error for a company of Tesco's size but the knock-on effects, in the form of regulatory intervention and criticism, could be severe.
He denies the accusation by some executives who say that in the process, he has engaged in a form of regulatory log-rolling -- bargaining to help them in one set of proceedings to gain their support in another.
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