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"And threatening to take away our market-based rate authority is inappropriate".
But in an interview tonight, Ms. Brownell said she expected that the four companies would most likely provide satisfactory explanations and ultimately avert a formal order revoking their rate authority.
And threatening to take away our market-based rate authority is inappropriate," Hobbs said in a statement.
He therefore thinks that this negative interest rate authority is a valuable tool, albeit one the Fed should use only in times of severe recession or depression.
To ensure against Enron-like fallouthethe Federal Energy Regulatory Commission has merger approval, market and rate authority over energy and public utility deals in the U.S. Yet, just as the merchant energy firms have dropped out of the trading game, the trading desks of investment banks, whether or not they own and operate assets, have stepped in to proprietary power trading.
"I can think of no better example of why we need health insurance reform," she said of the rate-hike news, "and this kind of behavior is a stark reminder of why any reform plan should establish a rate authority to keep insurance rates affordable".
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HONG KONG — As regulators around the world investigate whether big banks manipulated a crucial global interest rate, authorities in Asia are looking into whether local benchmarks could also be influenced.
Efficient markets question rating agency authority: Ratings are a judgment business.
§ 217.41 Requests for priority rating authority.
§ 33.41 Requests for priority rating authority.
After all, no national rating authority in the world, including China's National Tourism Administration, gives any hotel more than five stars.
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