Hester adds that the company could see regulatory action from Japan and Switzerland in the future.
The most important commissions are vested with regulatory powers and are known as regulatory agencies (see regulatory agency).
If any regulatory framework is harsh we will see regulatory arbitrage with a move away from traditional print to online news sources like MSN, Yahoo, Huffington Post at the expense of traditional print journalism.
"Investors no longer want to see regulatory filings from fossil fuel companies that fail to discuss how the low carbon transition might impact their business models," said Mark Campanale, founder of the London-based think tank.
Barney Frank, a Democrat in line to run the House Financial Services Committee in the new Congress, has said he does not want to rewrite the law but would be willing to see regulatory agencies adjust their rules so that it is not applied so stringently.
"If it reaches a stage where the market suddenly skews in favor of Vodafone and Telefonica, we may see regulatory action".
Paulson wants to see regulatory reform of government-sponsored entities Fannie Mae and Freddie Mac, as well as the enactment of proposed legislation that would allow states to issue tax-exempt bonds for refinancing.
