(c) The international space institutions and related activities, regulatory acts and policies, European space institutions

European and international supervision of nuclear material is made by the EU Commission and the IAEA (Euratom Treaty, INFCIRC 193).

Convergence of national regulations should be accelerated, and closer cooperation between national authorities should become a priority. Otherwise, national authorities will be unable to respond properly to cross border developments.

Role of regulatory and institutional frameworks in meeting the challenges of globalization Mr. Paolo Garonna, Officer in Charge of the Economic Commission for Europe (ECE)

The Unit and the Council have exchanged information about various NHRIs within Europe.

Central bankers in Europe have always resented the narrow monetary policy mandate given to the ECB under the Maastricht Treaty. Banking supervision was not included among the ECB s objectives, though one article of the treaty gives the system of European central banks as a whole the task of contributing to effective supervision.

However, the European example was exceptional since the supervisory bodies of the European Convention were vested with judicial and quasi judicial competencies, which was not the case with other bodies established by treaties.

Should Europe Regulate Sovereign Wealth Funds?

(b) European Meeting of National Institutions

The agency appointed by securities regulatory agency under the State Council should perform supervision and administration roles and responsibilities within the scope of authorization from the securities regulatory agency under the State Council.

The OSCE is the lead election monitoring body in Europe, and its reports are seen as an important quality control stamp.

There needs to be effective communication and coordination between international bodies, not only United Nations bodies, such as WHO, and non governmental organizations, but also the European Union, the Council of Europe and the European Monitoring Centre for Drugs and Drug Addiction (EMCDDA).

The eurozone needs a banking union a European deposit insurance scheme in order to stem capital flight, a European source for financing bank recapitalization, and eurozone wide supervision and regulation. The heavily indebted countries need relief on their financing costs.

A European banking agency would break up the incestuous relationship between banks and regulators that was at the root of the excesses that fueled the current crisis. And it would interfere much less with national sovereignty than would the subordination of fiscal policies to an EU or eurozone wide authority.

Here, the European System of Central Banks could serve as a model. Centralized financial supervision would avoid the need for banks to duplicate reports to different authorities, allow financial rules and supervisory practices to be harmonized, and eliminate distortions to competition.

Name of launching authority European Space Agency

In relation to the largely congruent provision of article 6, paragraph 1, of the European Convention, the European Commission has decided that disputes concerning the judiciary, despite their independence from the executive branch, fall outside the scope of article 6. The European Court, since Pellegrin v.

Pacific Coast Districts

The first step was taken recently when the European Financial Stability Facility was authorized to rescue banks as well as governments. This needs to be followed by other steps.

SAICM PrepCom3 (September 2005)

Article 7 The securities regulatory agency under the State Council, the People's Bank of China and other financial regulatory authorities under the State Council should establish information sharing mechanism of supervision and administration over securities firms.

In addition, when the offender is an employee of an institution of the European Union, the member State in which the institution is based also has jurisdiction over the case.

How might these laudable objectives be achieved? The European Commission has argued that a fully fledged banking union would need to rest on four pillars a single deposit protection scheme covering all EU (or eurozone) banks a common resolution authority and common resolution fund, at least for systemically important and cross border banks a single European supervisor for the same banks and a uniform rule book for prudential supervision of all banks in Europe.

Competence ratione temporis of the monitoring body (art.

But, like financial regulation, nuclear regulation in the EU, even with its Euratom treaty, is still essentially national. And, given the deep disparities in nuclear power s importance for European economies, consensus on regulatory harmonization is hard to reach.

It must ensure that national interests do not undermine the integrity of the cross border bank groups. Ultimately, we need a Europe wide deposit insurance and bank resolution authority that can take over and restructure failed banks.

Box 1 Inter institutional cooperation in action UN ECE ITC UNCTAD

Executives Profesionals Administrators Source SUNAT, Staff management.

The list of the designated commercial banks shall be determined and publicly announced by the securities regulatory agency under the State Council jointly with the banking supervision and management organs of the State Council.

(a) Council of Europe Round Table of National Human Rights Institutions

50. The European Institute has undertaken, in cooperation with the Department of Prison Administration of Finland and the Council of Europe, a project designed to explore factors affecting the size and structure of prison populations in the region.

The United Nations European Space Agency Sudan Regional Workshop on the Use of Space Technology for Natural Resource Management, Environmental Monitoring and Disaster Management was held in Khartoum in April 2004 and hosted by the Remote Sensing Authority of the Sudan.

In 1994 Bulgaria was elected to membership of the Pompidou Group within the Council of Europe, which deals with the prevention and control of drug traffic and the fight against drug addiction in Europe.

The Department of Financial Monitoring also collaborates with the competent bodies of foreign States.

The claim that a European Union body was supporting the project was totally misleading, as no European institution had formulated an approach to it.

Regulatory institutions such as bank supervisory agencies and bodies that oversee the telecommunications, food, and energy industries play a vital role by maintaining the always delicate balance between free markets and the actions of elected governments and legislatures. The central bank is perhaps the most important of these institutions, for it conducts monetary policy (and sometimes serves as the financial sector regulator).

In July 1998, the new facility, located within the European Gaza Hospital compound, was taken over by the Palestinian Authority and integrated into the Authority s health care system.

Though it is impossible to understand fully the implications of the Commission s new structure at this early stage, some of its institutional ramifications are already emerging. Beyond inciting a kind of tug of war with the European Council, the Commission s shift away from lawmaking will alter the European Parliament s role, which it has forged over the last five years on the back of the Commission s active legislative agenda.

The Authorized body performs a mandatory supervision over the process of information submission.

To coordinate joint steps in drawing practical support on behalf of international organizations, structures and institutions, in particular, the European Union, the Council of Europe, the Association of European Regions, the East West Institute.

The securities regulatory agency under the State Council can suggest the banking regulatory agencies of the State Council to give penalties to the person in charge and any other person directly responsible according to laws.

As a result, the big transnational institutions are lobbying hard for a pan European approach to banking supervision and regulation (and implicitly for fiscal bailouts should that supervision and regulation fail).

The Centre cooperates with European Union anti discrimination institutions.

The Special Rapporteur had obviously been guided by the principle of free consent in his assessment of the competence of human rights monitoring bodies in his view, the primary role of those bodies was to monitor compliance with a treaty, although they might be accorded jurisdictional powers (the European Court of Human Rights) or a purely consultative mandate.

ECSL maintains contacts with other institutions working for the promotion of space law in and outside Europe.