The federal government has generally responded to the financial crisis by expanding the power of regulators, most of all the Federal Reserve.
[C7.] Concerns Over Feedlot Oversight The rapid growth of huge feedlots and slaughterhouses has outpaced the power of regulators to keep them operating safely and cleanly, leading to polluted rivers and lakes, meat recalls and injuries, the Sierra Club says.
And MCI dived into these local markets too quickly, placing too much trust in the power of regulators to police Ma Bell's unruly babies.With BT's shareholders baying for the merger to be renegotiated, MCI has used its setback as an opportunity to badger America's Federal Communications Commission into tougher action.
Also, the final version of the bill increases the power of regulators to mandate that clearinghouses accept swaps, and it eliminated a provision that would have exempted swaps from clearing if a clearinghouse rejected it.
In July, 2010, Congress passed the Dodd-Frank Act, which set up the Consumer Financial Protection Bureau and beefed up the powers of other regulators, including the Federal Reserve and the Treasury Department.
Labour said the timing of the inquiry announced yesterday by the energy regulator, Ofgem, would broadly dovetail with its own price freeze, and provide a Labour government with the detailed advice it needs to break up the big six energy firms, end vertical integration of the industry and also strengthen the future powers of the regulators.
And on the incentivization front, the new rules agreed yesterday update the powers of national regulators to act against dominant players — such as by being able to impose access to their network.
The PCC's weakness is that it doesn't have the powers of a regulator.
The deal, struck in the early hours of Monday morning, enshrines the powers of the regulator in a royal charter — the same document that sets out the rules and responsibilities of the British Broadcasting Corporation and the Bank of England.
