TRANSLATED SUMMARIES ENGLISH “Acting in a neutral way” is an oxymoron. “Companies often require however that States use their powers in a neutral way (eg tax neutrality). In regulated sectors, some are right or even duty , of not being neutral. Firstly, it is the State, which requires the market for other purposes, other temporalities and other values. Secondly, they are also the “crucial operators”, which are sort of regulators of second degree, such as transmission system operators or companies capital markets firms. The difficulty increases when the systeme requires neutrality of regulators and judges, when first build economic policy and the second create jurisprudence. Their consistency, impartiality and rationality can create an objectifiable neutralitys FRENCH «Agir de façon neutre» est un oxymoron. «Les entreprises ont souvent besoin, cependant, que les États utilisent leurs pouvoirs de manière neutre (neutralité fiscale par exemple). Dans les secteurs réglementés, certains ont le droit ou même le devoir de ne pas être neutre. Tout d’abord, c’est l’État, qui insère le marché à d’autres fins, d’autres temporalités et d’autres valeurs. En second lieu, ils sont aussi les «opérateurs crucial», qui sont des sortes de régulateurs du second degré : par exemple les opérateurs de réseaux de transport ou de entreprises de marchés financiers. La difficulté augmente lorsque le systeme économique et politique exige la neutralité des autorités de régulation et des juges, alors que les premiers construisent la politique économique et les seconds construisent la jurisprudence. Le respect qu’ils doivent avoir de l’impartialité et d’une rationalité suffisamment objectivables pourra permettre cette objectivité requise.
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Competition lawCrucial operatorJudgeNeutralityMethodologyRegulatorPoliticsMarket failureExpertContractArbitraryStateProfitRationalitySovereigntyCARBONNIER, JeanImpartialityRousseauNet NeutralityFutureState AidMoneyChoiceEuropean Securities Markets Authority (ESMA)COASE, RonaldCommunity systems of regulationNeutral businessNeutral actionCrucial businessCapital neutralityPublic policiesSocial contractROUSSEAU, Jean-JacquesPassivityOxymoronDESCARTES, RenéDeclaration of the Rights of Man and of the Citizen
Full reference: Bon-Michel, B., La cartographie des risques : de la rationalisation du futur à l'apprentissage du risque. Cas de l'identification du risque opérationnel au sein d'un établissement de crédit (Risks Mapping: from Rationalization of the Future to Risk Learning. Case of the Identification of the Operational Risk in a Credit Establishment), Management & Avenir, vol. 48, no. 8, 2011, pp. 326-341.Sciences Po's students can read this article in the Sciences Po Drive in the folder MAFR – Regulation & Compliance
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Bank regulationRiskRationalityBankRegulatory lawFuturecreditrisk mappingCompliance Law
Translated SummariesIn The Journal of Regulation the summaries’ translation are done by the Editors and not by the authorsENGLISHArticle: What does it mean to be neutral ? Socrates in the land of regulatorsShould regulatory agencies, as we define them in today’s economic and cultural world, be obligated to be neutral in accomplishing their regulatory activities? What would the meaning of such an obligation be? ITALIANArticolo: Cosa vuol dire essere neutrale? Socrate nella terra dei regolatori Le autorità di regolazione, come sono denominate oggigiorno nel mondo economico e culturale, dovrebbero essere obbligate ad essere neutrali quando compiono le loro attività di regolazione? Quale sarebbe il significato di un tale obbligo? ………………… Other translations forthcoming.
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DefinitionLegitimacyNeutralityJudgmentRegulatorMarketCompetitionRationalityImpartialityNet NeutralityConflict of interestsTransportationEnforcementDisparityRegulaPreferenceRegulatory agencyChaosRuleFavoritismCompetition organization