After setting a record mission rate of seven flights in 2009, launch attempts in the early months of this year experienced a series of frustrating postponements as engineers grappled with a faulty pressure regulator on the rocket's propellant system.

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But Mr Tucker signalled clearly in his speech that the Bank (presumably in conjunction with the Treasury) wanted to do more to ease credit, and certainly wanted to make sure that regulator pressure wasn't forcing banks to be too conservative.

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Second, News Corp probably doesn't want to spark the inevitable furore of protest from its critics - and the increased pressure on the regulator Ofcom to determine whether it is a fit-and-proper owner of BSkyB - that would follow if its stake in BSkyB were to go above 40%.

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The Tories who argued for no press law of any sort now appear to have conceded the need for a legal clause designed to give parliament the assurance that the new press regulator cannot be amended by a minister under pressure from the press without the agreement of MPs.

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The case follows a March ruling by the Fair Trade Commission of Japan, in which the Japanese regulator warned Intel against using its market dominance to pressure computer makers to accept its chips.

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The worry about the regulator's approach is that if business decides the pressure is excessive it can and will advance that date with the undertaker.

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Meanwhile, his gambit may serve only to put more pressure on others named by the Banking Commission, and on the new regulator, the Financial Conduct Authority, to respond to the calls for individuals to take responsibility.

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One of their contentions is that disputes involving the state in its role as regulator should be dealt with on the narrow, technical facts, free from political pressure.

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With their finances under pressure, they have asked the City watchdog, the FSA, to impose a deadline on complaints, but the regulator has not agreed to one.

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At the time Ofqual's chief regulator Glenys Stacey said that it was understandable that teachers were too generous with their marking because of the pressure on schools to achieve good grades.

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