
Publication
Calming the storm after the SVB collapse: Prudential policy the key to stability
The collapse of Silicon Valley Bank, Signature Bank and Silvergate Bank in the last week has caused turmoil in global financial market.
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Global | Publication | August 7, 2018
On August 3, 2018, the Mexican Regulatory Energy Commission (CRE) authorized three new permits for Electric Supply in the modality of Basic Supply (i.e., the supply to customers with a demand below 1 MW) to the companies BH Energy Supply, S.A.P.I. de C.V., Enlace y Representación Gubernamental T&M, S.A. de C.V. and Suministro Básico del Centro SUBACE, S.A. de C.V. (a supplier incorporated by the Mexican Union of Electricians).
Prior to the 2013 Energy Reform, the Federal Electricity Commission (Comisión Federal de Electricidad or CFE) held the monopoly over the electric supply to final users. After the reform, basic suppliers were introduced in the Electricity Industry Law, allowing private companies to participate in such activity. Prior to the issuance of these new permits, the only Basic Services Supplier in the Mexican Electricity Market was CFE Suministrador de Servicios Básicos, a subsidiary of CFE.
At this point, not a lot of information is available as the relevant supply permits are in the process of being published in CRE’s website. We will supplement this note accordingly.
Publication
The collapse of Silicon Valley Bank, Signature Bank and Silvergate Bank in the last week has caused turmoil in global financial market.
Publication
The European Union’s Foreign Subsidies Regulation (the FSR) entered into force on 12 January 2023 and creates a new regime aimed at combating distortions of competition on the EU internal market caused by foreign subsidies. It imposes mandatory notification and approval requirements for acquisitions of significant EU businesses and large EU public tenders, and gives the European Commission (EC) extensive powers to launch ex officio investigations. The notification requirements go live on 12 October 2023.
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