Tag

Regulatory Regime

All articles tagged with #regulatory regime

jurisprudence2 years ago

Panera's Controversial Lemonade: A Deadly Brew in America

Panera is facing two wrongful death lawsuits alleging that its Charged Lemonade, which contains an unusual amount of caffeine for lemonade, is linked to the deaths of two customers. The lawsuits claim that the product is defective and poses an unreasonable risk of bodily harm. However, the story highlights the shortcomings of the United States' regulatory regime, which relies on lawsuits rather than proactive safety measures. The FDA barely regulates caffeine, and the government does not require warning labels or disclose caffeine amounts on labels. The lawsuits raise questions about who should determine the safety standards for products like caffeinated lemonade and whether the current system of relying on lawsuits is the best approach.

finance2 years ago

US Government Proposes Stricter Oversight of Non-Bank Financial Companies

Financial regulators have proposed a new framework to identify and address threats to financial stability, including closer scrutiny of nonbank financial companies. The proposal reverses guidance issued in 2019 that made it more difficult for nonbank financial companies to be designated as systemically important institutions. The Financial Stability Oversight Council has the power to designate nonbank financial firms as systemically important institutions if their failures pose a threat to financial stability, which would place those firms under the supervision of the Federal Reserve.

finance2 years ago

Credit Suisse shares plummet as Saudi investor withdraws support.

Credit Suisse shares fell over 20% to a record low after the Saudi National Bank, its biggest backer, ruled out providing any more funding for the Swiss lender. The bank has been hit by a series of missteps and compliance failures over the past few years that have damaged its reputation with clients and investors, and cost several top executives their jobs. Customers withdrew $133bn from Credit Suisse last year, and the bank reported an annual net loss of $7.9bn, its biggest since the global financial crisis in 2008.