Housing minister Margaret Burgess said placing statutory obligations on local authorities would not resolve the issue.

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Again unlike its American and British counterparts, its statutory obligations relate only to the maintenance of price stability.

ECONOMIST: Breathing space? | The

The first worry is that provincial and municipal administrations might soon be knocking at the door of central government, demanding funds to meet their statutory obligations.

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And it also - the legislation also suspends the Cherokee Nation's right to conduct gaming operations until it complies with all of its treaties and its statutory obligations.

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"Illinois failed to disclose that its statutory plan significantly underfunded the state's pension obligations and increased the risk to its overall financial condition, " the SEC said in a statement.

BBC: SEC logo

Third, bureaucratic incentives make it difficult for agencies to engage in the review of existing rules when they are focused on meeting obligations for new rules, often under statutory or court deadlines.

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It is not clear what the legal priority is among the Treasury's obligations, whether contractual such as bond debt or statutory such as social security.

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The provision of citizenship as a distinct, statutory subject helps to ensure that the UK is compliant with its obligations under the UN Convention on the Rights of the Child.

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For my purposes today, I want to construe "financial infrastructure" very broadly, to include not only the "hardware" components of that infrastructure--the physical systems on which market participants rely for the quick and accurate execution, clearing, and settlement of transactions--but also the associated "software, " including the statutory, regulatory, and contractual frameworks and the business practices that govern the actions and obligations of market participants on both sides of each transaction.

FORBES: Reducing Systemic Risk