abstract:Regulatory taking is a situation in which a government regulates a property to such a degree that the regulation effectively amounts to an exercise of the government's eminent domain power without actually divesting the property's owner of title to the property.
The legislation will seek to limit risk-taking at firms and would raise regulatory requirements to ensure that banks have enough money on hand to weather an economic downturn.
VOA: standard.2009.03.25
Maybe it's time (once in a blue moon) for a high-level bipartisan commission--televised and transparent--to review the science, the costs and the regulatory processes, taking into account the national interest.
Part of that transformation was outlined by Thain, who explained that while plans are in their infancy, the NYSE could envisage a joint venture with the NASD on regulatory matters, taking turns with the NASD on examining member firms each year, or splitting the list of firms more evenly.
The FSA is advising consumers who feel they were mis-sold to complain to the firm responsible adding: "Our work now will focus on identifying and taking appropriate regulatory action against anyone found responsible for failing to meet regulatory standards" .