If the CMA concludes the partnership is in fact a merger, it will start looking into whether this has reduced competition.
From Alaska to Alabama, corporations spend money to shape their local business environments, resources and regulations.
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Businesses can spend huge amounts of money to influence Congress. But sizable lobbyist and campaign donations also go to state campaigns and lawmakers to influence policymaking.
A policy decision to allow the Montreal, Maine & Atlantic Railway — a company with a poor safety record – to run its trains through a town in Québec with single person crews resulted the fourth deadliest railway disaster in Canadian history in 2013. Eight years later, Transport Canada is still suffering from safety issues.
THE CANADIAN PRESS/Graham Hughes
Industries have blocked or delayed new regulations and pushed to remove or dilute existing regulations by framing regulations as detrimental to creating jobs and wealth.
People often leave industry watchdogs to work for the very companies they were previously regulating.
South Africa’s energy regulator failed to assure a stable pricing path for electricity and is partly to blame for energy provider Eskom’s troubles.
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After a year of headlines and ousted CEOs, Congress has yet to pass a single piece of legislation on sexual harassment – let alone hold a hearing. That may change as lawmakers get to work in 2019.
Christie’s auctions off a Lehman Brothers sign in 2010.
Reuters/Andrew Winning
A review of Trump’s stated war on regulations doesn’t find many successful repeals. But it is hurting regulatory enforcement in quieter ways.
One of China’s biggest bitcoin exchanges recently stopped trading after regulators ordered all digital currency exchanges to close — demonstrating traditional institutions’ nervousness about distributed trust technologies. In this 2013 photo, a staff member at Bitcoin mining company Landminers in southwestern China checks a computer used for that purpose.
(Chinatopix via AP)
The development of distributed trust technologies is making traditional institutions like banks, corporations and governments nervous. Those who have power like to hold onto it. What’s next?
APRA chairman Wayne Byres says the inquiry will provide the CBA with change recommendations.
Mick Tsikas/AAP
The APRA inquiry puts the regulator in the tricky position of trying to be seen to be tough on bank scandals but juggling its close relationship with the government and the CBA.
What has been lost in stating the case for South Africa’s credit rating is a tangible plan for strengthening governance and regulation of its state owned enterprises.
A whirlwind of speculation about Deutsche Bank’s health has surrounded its headquarters in Munich.
AP Photo/Michael Probst
Is the financial system headed for another ‘Lehman moment’? Perhaps, but a bailout isn’t the solution. More capital is, something Trump should remember as he rewrites U.S. bank rules.
Mega companies have managed to make themselves the center of regulators’ world.
Alex Milan Tracy Sipa via AP
Richard Lachmann, University at Albany, State University of New York
AT&T’s planned merger would add to a growing list of mega deals that have not only harmed consumers and exacerbated inequality but also undermined our democracy.
Energy network owners are frequently using legal battles to draw out the regulatory process.
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A US judge has approved a US$1.2 billion settlement and accepted a guilty plea by hedge fund SAC Capital in what has been described as the largest insider trading settlement in the country’s history. Eight…