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Mr. Little also highlighted how traders have significant leeway to value their bets in the market for financial contracts known as derivatives, which led to the losses for JPMorgan.
Congress would have to specifically repeal the mandate, they say, even if the administration has significant leeway over how aggressively it enforces it". Coverage for millions of kids could be at risk.
The state's 2006 landmark climate law, AB 32, set a target for reducing emissions but gave significant leeway to regulators in figuring out how to get there. .
Another criticism of the rule, Mr. Scharfstein said, is that while it purports to provide investors with a true market value for a fund's holdings, it offers significant leeway in determining those valuations.
For example, an expatriate assignment may be essential for some high potentials, but you are sure to lose valuable talent if you don't allow significant leeway in when they can go, what they can do and for how long they can be gone.
If the cases against Mr. Martin-Artajo and Mr. Grout do proceed to trial, lawyers for both men are likely to argue that traders have significant leeway to value their positions.
The criminal charges also detailed how the traders received significant leeway to value their bets.
Traders are given significant leeway to price financial instruments like the complex credit derivatives at the center of the bet.
Another involves the fairly significant leeway that financial firms have in valuing the securities they trade and hold.
The company's American managers have had significant leeway in tailoring their products to the local market.
While presidents should have significant leeway to decide what is an emergency, that discretion must not be unlimited.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com