He says that a new press regulatory body would only be independent if it was underpinned by a law - or statute and supervised by OFCOM - the current communications regulator.

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The current set-up is not all bad: one regulator may spot a problem that another misses.

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The report urged industry regulator Ofcom to ensure ITV keeps providing its current level of programmes specifically for audiences in Wales until at least digital switchover is completed in 2012.

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The steps include speeding up current plans to integrate Europe's airspace, creating a "single European regulator for a single European sky".

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It will be fascinating to see if the regulator agrees that it is in the best interests of Trinity Mirror's current and future pensioners for them to take on more risk to help its sponsoring company through these challenging times.

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In that sense, he suggests, the current bank cases are anomalous because of their unique magnitude and not necessarily indicative of an invigorated regulator.

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"FHFA's determination to direct each company to delist does not constitute any reflection on either's current performance or future direction, nor does delisting imply any other findings or determination on the part of FHFA as regulator or conservator, " said FHFA Acting Director Edward J.

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