European Union Turns Down Plan For 'Super' Regulator - InformationWeek
IoT
IoT
Healthcare // Analytics
News
10/27/2008
06:25 PM
50%
50%
RELATED EVENTS
[Dark Reading Crash Course] Finding & Fixing Application Security Vulnerabilitie
Sep 14, 2017
Hear from a top applications security expert as he discusses key practices for scanning and securi ...Read More>>

European Union Turns Down Plan For 'Super' Regulator

Telecoms commissioner Viviane Reding noted that giving individual countries and their respective telecom companies too much power over policy would be a mistake.

The European Union won't get a single "super" telecommunications regulator like the FCC in the U.S., according to current EU telecoms commissioner Viviane Reding.

In statements made on Monday, Reding said she believes the EU is making a mistake to continue to give individual countries and their respective telecom companies too much power over telecommunications' policies.

Reding agreed to drop her original proposal to give the European Commission veto power over national regulators, going along with recommendations from the EU parliament. Many of her proposals had been opposed by established telecommunications companies, according to European media sources.

Maintaining that the current worldwide financial crisis demonstrates that closer regulation can help the telecommunications industry, Reding told a meeting of the European Telecommunications Network Operators' Association that "over-regulation" did not cause the financial crisis.

"I firmly believe that regulation taking care of competition always has a positive effect on the economy," she said. "Times of economic difficulties are thus not a reason to suspend the principles of competition law."

In her remarks to telecom company executives, she added: "You and your lobbyists should be aware that the times when one could say 'no regulation' to have policy makers and public opinion on your side that these times are over now."

While the network operators have complained that regulatory restrictions tend to drive down prices thereby withdrawing valuable capital investment, Reding said past experience has shown that regulatory measures have pushed down prices, which has increased volume thereby sustaining revenues.

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
How Enterprises Are Attacking the IT Security Enterprise
How Enterprises Are Attacking the IT Security Enterprise
To learn more about what organizations are doing to tackle attacks and threats we surveyed a group of 300 IT and infosec professionals to find out what their biggest IT security challenges are and what they're doing to defend against today's threats. Download the report to see what they're saying.
Register for InformationWeek Newsletters
White Papers
Current Issue
2017 State of IT Report
In today's technology-driven world, "innovation" has become a basic expectation. IT leaders are tasked with making technical magic, improving customer experience, and boosting the bottom line -- yet often without any increase to the IT budget. How are organizations striking the balance between new initiatives and cost control? Download our report to learn about the biggest challenges and how savvy IT executives are overcoming them.
Video
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Flash Poll