Britain and the US make big firms publish CEO pay ratios
UK firms with over 250 staff set CEO pay against workers at the 25th, 50th and 75th percentiles. US public firms divide it by the median worker's pay.
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#regulation.
Every story tagged #regulation.
Belgium's loot box ban: strict on paper, unenforced
In 2018 Belgium ruled loot boxes in FIFA 18, Overwatch and CS:GO were illegal gambling. Its regulator has struggled to enforce that, but firms still comply.
Carbon capture buries a sliver of the CO2 the world emits
Carbon capture and storage takes about 45 million tonnes of CO2 a year, the BBC reports, against emissions above 40 billion. Britain regulates the pipes.
A lawyer wrote the rules budget airlines still fly by
Herb Kelleher's Southwest Airlines flew one plane type, skipped seat numbers and turned jets round fast. Ryanair and easyJet copied the model.
Every household in Germany pays for ARD and ZDF, TV or not
Germany's Rundfunkbeitrag charges each household a flat monthly fee, whatever devices it owns, and that money pays for most of ARD and ZDF.
The account a UK customer described, against the one they ran
UK banks must check transactions against what they know of a customer. Santander flagged a mismatch in 2014, acted in 2015, and was fined £107.7m.
Leaning on credit ratings may have deepened the crisis
Bank of England economists say mechanical reliance on ratings lay beneath the financial crisis. Standard & Poor's calls a rating one input to a decision.
Canadian airlines owe delay compensation if the fault is theirs
Canada's Air Passenger Protection Regulations let you claim when a delay the airline caused makes you arrive 3 hours late. You have 1 year to claim.
New York rewrote factory fire safety after the Triangle fire
A locked stairwell door trapped ninth-floor workers in New York's 1911 Triangle fire, and the state answered with 38 new safety laws.
Nepal's Everest permits have no cap, only a price and a test
Nepal's government decides who may attempt Everest from the south. It sets fees and experience rules but has not fixed a limit on the number of permits.
The EU's GDPR replaced a law from when 1% of Europe was online
The EU's GDPR replaced the 1995 Data Protection Directive. It kept most of the old principles, added accountability, and set fines of up to 4% of revenue.
New York traded taller towers for public plazas
Since 1961, New York has let developers add floor space in return for plazas open to all, but a 2000 study found 41% of them had no real public use.
A Tinder romance crypto scam took a UK chef's house deposit
Alexandr Gutu put £40,000 of his £42,000 deposit into a fake crypto account. A match who moves the chat off the dating app is the first warning sign.
UK press regulator IPSO decides where a correction must run
IPSO, the UK press regulator, sets how prominent a newspaper's correction must be, in print and online. Rulings on The Sun and the Press & Journal show how.
Grenfell's fire forced a rewrite of England's cladding rules
The Grenfell Tower fire exposed a cladding product that failed fire tests for 12 years. The Building Safety Act followed in 2022.
The 1903 Chicago theatre fire that killed over 500 people
The Iroquois Theatre fire of December 30, 1903 killed hundreds behind locked gates and inward doors. The outrage pushed US cities to rewrite fire codes.