UK to start talks on quick EU equivalence deal for financial services

first_img This has forced major UK-based banks to move assets and jobs to EU financial capitals to avoid disruption. They will also begin dialogue with the EU to forge a “memorandum of understanding” about future financial services access. The UK government will next week begin urgent talks to try and reach an agreement by March on the future of the UK’s access to EU financial markets. Before the Open newsletter: Start your day with the City View podcast and key market data Also Read: Brexit: UK to start talks on quick EU financial services agreement City minister John Glen and senior Treasury civil servant Katharine Braddick will lead the talks for the UK. Stefan Boscia whatsapp Accounting firm EY estimates that more than £1 trillion of assets have been moved from London to the EU since 2016 as a result of Brexit. Brexit: UK to start talks on quick EU financial services agreement Also Read: Brexit: UK to start talks on quick EU financial services agreement The Mail on Sunday reports that Braddick and Glen will meet with financial services lobby groups such as the The CityUK and UK Finance this week as it tries to secure better access to the EU. The trade deal outlined plans to set up a dialogue between the UK and EU to discuss future financial services arrangements, with March set as a rough deadline. Sunday 3 January 2021 2:45 pmcenter_img This is a classification that will only be given if Brussels deems that the UK will stay roughly within the EU’s regulatory orbit for financial services. The City of London exported £25bn of services to the EU in 2019, which is almost half the total amount of financial services exported by the UK that year. More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comAstounding Fossil Discovery in California After Man Looks Boris Johnson’s Brexit trade deal does not include an EU-wide arrangement for financial services, with UK firms instead having to negotiate a patchwork of individual EU nations’ regulations. “It would have been, but sadly it has not been achieved. We have a deal in trade which benefits the EU, but not a deal in services that would have benefited the UK. Show Comments ▼ Former Prime Minister Theresa May expressed her disappointment earlier this week that Johnson’s deal included no financial services arrangement. “In 2018 in Mansion house, I said that we wanted to work to get a financial services deal in the future treaty arrangement and that it would be truly groundbreaking,” she said. Share The only way the UK financial services industry can maintain its pre-Brexit access to the EU is if Brussels grants regulatory equivalence. “The arrangement treaty is clear that future negotiation on these points is possible and I hope the government will go to the negotiations with alacrity and vigour, particularly on financial services.” whatsapp Tags: Brexitlast_img read more

State report details potential health impacts of climate change

first_imgAlaska’s Energy Desk | Climate ChangeState report details potential health impacts of climate changeJanuary 8, 2018 by Rachel Waldholz, Alaska’s Energy Desk Share:The village of Newtok can lose ten or twenty feet at a time to erosion. It had to switch drinking water sources, as the river threatens to drain the existing source. (Photo by Rachel Waldholz/Alaska’s Energy Desk)How will climate change affect health in Alaska? Dangerous travel conditions could cause more accidents, warmer temperatures could spread new diseases and the topsy-turvy weather could worsen mental health.Those are some conclusions from a new state report, released Monday.Audio Player Up/Down Arrow keys to increase or decrease volume.The report, from the Alaska Division of Public Health, tries to predict the health impacts if current climate change forecasts hold true. (It’s based on the predictions for Alaska in the 2014 National Climate Assessment.)Sarah Yoder is the lead author. She said she was a little taken aback by what they found.“The surprise was just how broad, exactly, all these potential health impacts are,” Yoder said.Those impacts range from infrastructure damage to the spread of new diseases. The report notes that thawing permafrost can disrupt water and sewer lines, undermine health clinics, and damage roads, making access to healthcare and basic sanitation more difficult. Extreme weather events could increase floods, mudslides, and avalanches. Thinner sea and river ice can make travel and subsistence hunting more dangerous. More wildfires can worsen air quality. Warmer temperatures could allow the spread of insects carrying Lyme disease or the West Nile Virus.These are all predictions for the future. But state epidemiologist Joe McLaughlin said the future may already be here.“We may in fact be already seeing some impacts of climate change here in Alaska, but the challenge is that many of these potential impacts have not been well-studied and definitively linked to climate change,” McLaughlin said.Then there are the impacts on mental health, including “solastalgia.”If that word doesn’t ring a bell, you’re not alone. McLaughlin hadn’t heard the term before the research for this report. But he said, when he did stumble across it, he found it kind of perfect.“When I describe to people in my community, people that I know, I help them put a word to what they’re feeling,” McLaughlin said. “They say, ‘Ah yeah, that’s it, that’s what I feel.’”The report describes solastalgia as the “sense of loss” people experience because of “unwanted environmental changes” to their homes – disorienting shifts that can lead to anxiety and depression.“Just talk to some of your friends and neighbors here in Anchorage,” McLaughlin said. “Just ask them, how do they feel about the last several winters?”That’s solastalgia. On the more severe end, it can define the stress for an entire community facing relocation.Ultimately, McLaughlin said, climate change is a different kind of public health challenge than something like a mumps outbreak.“This is going to be a marathon,” he said. “Not a sprint.”McLaughlin said the impacts of climate change will unfold over decades – but the time to start planning is now.Share this story:last_img read more

Nome, Iditarod officials postpone end-of-race festivities

first_imgCoronavirus | Health | Iditarod | Local Government | Sports | WesternNome, Iditarod officials postpone end-of-race festivitiesMarch 13, 2020 by Emily Hofstaedter, KNOM – Nome Share:Aliy Zirkle and her team arrive in Nome at the end of the 1,000-mile Iditarod Trail Sled Dog Race on Wednesday, March 13, 2019. (Photo by Zachariah Hughes/Alaska Public Media)Iditarod mushers will still be finishing on Front Street in Nome next week, but the city of Nome will not be hosting any festivities.After meetings with state medical officials, the Iditarod Trail Committee announced Thursday that they are postponing the Iditarod Finishers’ Banquet and Musher Meet and Greet.The Nome Common Council voted to follow suit and postpone all Nome Iditarod events, including the famous annual Lonnie O’Connor Iditarod Basketball Classic, an event that attracts visitors from the across the state and hosts crowds of between 500-800 people in the Nome Recreational Center.After listening to recommendations from public health officials and hearing testimony from the community, the Nome Common Council reasoned that the precautions were necessary to restrict any potential spread of the coronavirus — not only just within the city, but also especially for rural communities outside of Nome, where Elders may have more limited access to medical care.Before the Iditarod started, race officials said they planned to step up sanitation this year and distribute information about best practices to avoid getting sick, including washing hands.The Iditarod confirmed Thursday that there are no plans to call off the race.Alaska Public Media’s Tegan Hanlon contributed to this report. Alaska Folk Festival cancelled for first time in 46-year historyShare this story:last_img read more

Courtwood native Kinsella set to be reappointed as Laois U-20 manager for 2021

first_img WhatsApp Laois GAA have confirmed that Kinsella, who was Courtwood for three seasons and won the intermediate title with them in 2018, has retained the services of his backroom team.Former Laois player Padraig McMahon from Ballyroan-Abbey, Portlaoise’s Seamus Lalor and Tom Byrne will act as selectors while an extra one will also be added.Laois’s Strength and Conditioning coach Tom Hargroves will also assist the team.Laois GAA will seek the ratification of Kinsella as manager when the County Committee meets next.SEE ALSO – Coronavirus in Laois: Updated map shows detailed figures of Covid-19 infections WhatsApp Eddie Kinsella is set to be reappointed as Laois U-20 football manager for 2021.The Courtwood native, and former All-Ireland final referee, has been chosen by the executive of Laois County Board to continue in the role that he filled this year.Kinsella took over from Arles’ Billy O’Loughlin and led Laois to a second successive U-20 final where unfortunately, they came unstuck against Dublin. Twitter Laois Councillor ‘amazed’ at Electric Picnic decision to apply for later date for 2021 festival News RELATED ARTICLESMORE FROM AUTHOR Laois got a bye through the first round but the Storm Ciara meant their quarter final clash with Westmeath in February was postponed by two days.That game went all the way to extra time and then penalties where Damon Larkin converted the winning kick to seal passage to the next round. And the next round came about very quickly for Laois as they faced Kildare four days later in the semi final.Here, Laois were always on top as they ran out 1-7 to 0-4 winners to knock Kildare out of this competition for the second year running.The final in March in Netwatch Cullen Park against Dublin was one of the last games to be played before the Coronavirus shut down action across the country. Electric Picnic Twitter Electric Picnic TAGSEddie KinsellaLaois U-20 footballers Facebook Courtwood native Kinsella set to be reappointed as Laois U-20 manager for 2021 Previous articleLaois ladies football season to restart next week with busy schedule of gamesNext articleDirect Provision Centre residents ‘very nervous’ as period of self isolation comes to an end Alan HartnettStradbally native Alan Hartnett is a graduate of Knockbeg College who has worked in the local and national media since 2008. Alan has a BA in Economics, Politics and Law and an MA in Journalism from DCU. His happiest moment was when Jody Dillon scored THAT goal in the Laois senior football final in 2016. By Alan Hartnett – 20th August 2020 Pinterest Facebook Pinterest Bizarre situation as Ben Brennan breaks up Fianna Fáil-Fine Gael arrangement to take Graiguecullen-Portarlington vice-chair role Home Sport GAA Courtwood native Kinsella set to be reappointed as Laois U-20 manager for… SportGAAGaelic FootballLaois U-20 footballers Electric Picnic organisers release statement following confirmation of new festival datelast_img read more

Fidelity shuffles portfolio managers following departures

first_img Share this article and your comments with peers on social media Toronto-based Fidelity Investments Canada ULC is shuffling its portfolio management team following the exit of two portfolio managers, the firm announced on Friday. NEO, Invesco launch four index PTFs nonwarit/123RF Related news Facebook LinkedIn Twitter Franklin Templeton renames funds with new managers Keywords Fund managersCompanies Fidelity Investments Canada ULC Fiona Collie Change to Counsel Global Small Cap Fund Effective on Friday, portfolio managers Adam Kramer and Ford O’Neil will co-manage Fidelity Strategic Income Fund. Kramer replaces Joanna Bewick, who is leaving Fidelity to pursue other opportunities. In light of Bewick’s departure, Geoff Stein will step in as co-portfolio manager of Fidelity Balanced Managed Risk Portfolio, Fidelity Conservative Managed Risk Portfolio, Fidelity Conservative Income Fund and Fidelity Conservative Income Private Pool alongside David Wolf. Chris Sharpe, a portfolio manager, will also be leaving Fidelity. As a result of his departure, Stein and Wolf will assume management responsibilities for Fidelity NorthStar Balanced Fund and the Fidelity Tactical Strategies Fund. “We thank Joanna and Chris for their years of hard work and we wish them the best in their future endeavors,” says Rob Strickland, president, Fidelity Investments Canada, in a statement. “We are fortunate to have skilled individuals like Adam, Ford, Geoff and David ready to assume these new responsibilities.” The investment objectives and strategies of the funds mentioned above remain unchanged. Photo copyright: nonwarit/123RF last_img read more

Fund managers searching for an edge in Twitter traffic and online chatter

first_img Asset managers are making greater use of “alternative” data sources, ranging from social media sentiment to crowd-sourced data, according to research from Greenwich Associates.In a new report commissioned by IHS Markit, Greenwich said that half of the investment managers it surveyed are currently using some form of alternative data, and another 25% are planning to start using it in the next 12 months. Businessman check seriously analyzes a finance report investor colleagues discussing new plan financial graph data. bank managers task. Concept business and finance ,Account analyzes planing 123RF Facebook LinkedIn Twitter James Langton Pushing big techs to share data could shape the future of financials: Fitch Digitalization a credit positive for financial firms: Fitch Analytics replacing instincts as most important trader talent, Greenwich says Share this article and your comments with peers on social media Keywords Big data The most common types of alternative data that managers are using includes web-scraped data, search trends and social media sentiment, Greenwich noted.Additionally, 74% of firms say that alternative data is starting to have a big impact on institutional investing, and 71% believe it can give them an investing edge over their competition.Moreover, almost 30% of quantitative funds believe that at least 20% of their alpha can be attributed to their use of alternative data, the study found.The study also noted that 42% believe the advantage of using alternative data lasts for at least four years.“Even more revealing than the high level of value asset managers attribute to alternative data, is that they also believe using it helps them achieve long lasting competitive advantage,” Adam Kansler, president of financial services at IHS Markit, said in a statement.“The high degree of industry confidence in alternative data confirms that we are in the early stages of a profound shift toward incorporating more and more diverse datasets into the investment process,” he added.The report predicted that, as more firms adopt alternative data, the investing advantage will diminish — leading firms to look for new, less-popular sources of data.“Despite the rapid growth in the market recently, we believe we are still in the early innings when it comes to alternative data adoption,” the report said.“We expect budgets to continue to increase significantly over the coming years, as more firms come into the market and usage among current users increases. By the time we reach the final innings, alternative data won’t be alternative any more … it will just be data,” it concluded. Related newslast_img read more

Poor Relief Services Allocated $27.3 Million

first_imgRelatedPoor Relief Services Allocated $27.3 Million Poor Relief Services Allocated $27.3 Million UncategorizedApril 2, 2008 FacebookTwitterWhatsAppEmail A sum of $27.3 million has been allocated to Poor Relief Services in the 2008/09 financial year, up from the $18.984 million it received in the 2007/08 budget, according to the Estimates of Expenditure, now before the House of Representatives.The new allocation includes $15.962 million for the Board of Supervision and $11.3 million for the Homeless (Street People) Programme. At the end of last year, 14,751 Jamaicans were on the roll of the Outdoor Registered Poor Roll. These are people in need, who receive aid from the State by virtue of their condition and who have registered with Poor Relief, which is administered by the Board of Supervision. This number is comprised of 11,442 heads of households and 3,273 children who are dependents of household heads.At the same time, there are 1,538 persons at the Vineyard Town Golden Age Home and other infirmaries islandwide.Speaking with JIS News, Head of the Board of Supervision Carol Anthony said the Poor Relief Department is evolving. Formerly, this body had the reputation of preventing starvation by feeding people, who were perceived by the system as being ‘lazy’.Now, it focuses on breaking the cycle of poverty by targeting the children and focusing on their education and putting adults in safer environments, such as the provision of night shelter for some of Kingston’s street people at Bellevue Hospital, under a pilot project.The Department is also treating some street people where they live, since experience has shown that removing them from their situation and placing them in a home often does not work.“What happens is that many such persons simply go back on to the streets in a few days,” Mrs. Anthony said. “However, when we treat them in their locations, they often request to be put in a home after a while,” she added.She noted that the Board is taking a new look at the profile of the persons in the infirmaries, as people come in for different reasons. Some persons who live on the streets in the days, and would otherwise be classified as ‘homeless,’ actually go home to sleep at nights. She also noted that in some cases, the infirmaries are used by relatives of inmates for security reasons.“Some people have had to put their relatives in infirmaries, because they have nowhere else to leave them in the days and have no one else to take care of them. They have no choice,” she added.“We are looking at the possibility of having people come in during the days and get picked up at nights, just like in a nursery,” Mrs. Anthony explained. The functions of the Board of Supervision are regulated by the Poor Relief Act (Section 9), as supervisory, advisory, regulatory, auditory, training appellate and inquiry. In 2000, the Board was mandated to provide oversight for the homeless in Jamaica. It supervises and monitors the delivery of Poor Relief by the Parish Councils and the Kingston and St. Andrew Corporation. RelatedPoor Relief Services Allocated $27.3 Millioncenter_img RelatedPoor Relief Services Allocated $27.3 Million Advertisementslast_img read more

SRC Continues Collaboration with Various Institutions

first_imgSRC Continues Collaboration with Various Institutions UncategorizedMay 29, 2008 RelatedSRC Continues Collaboration with Various Institutions RelatedSRC Continues Collaboration with Various Institutions RelatedSRC Continues Collaboration with Various Institutionscenter_img FacebookTwitterWhatsAppEmail During the fiscal period 2007/08, the Scientific Research Council (SRC) continued the implementation of projects under co-operation agreements and Memoranda of Understanding with various institutions.These include the Bureau of Standards Jamaica (BSJ), University of the West Indies (UWI), University of Technology (UTech), and the Coconut Industry Board.According to a Ministry Paper that was tabled in the House of Representatives recently by Minister of Industry, Investment and Commerce, Karl Samuda, said the continued collaboration with the BSJ was to determine quality problems and assist clients.Against this background, 16 factories were inspected and reports submitted to the BSJ. In addition, seven members of staff were trained as ISO 9001: 2000 and ISO 14000: 2004 internal auditors and seven other members continued implementation of Hazard Analysis and Critical Control Points (HACCP) in assigned companies.The SRC began collaboration with the UWI’s Department of Life Sciences to validate the insecticidal activity of some selected Jamaican plants. Moreover, continued work was undertaken with UTech on the development of a nutraceutical supplement, while there was the continued implementation of a project to rehabilitate the micro-filtration plant at the Coconut Industry Board (CIB) and to determine achievable shelf life of coconut water.A three-month shelf life has been achieved so far for refrigerated micro-filtered samples of coconut water. The approach for shelf-stable water will be reviewed.Meanwhile, based on demand, the SRC supplied plantlets to the Hope Gardens Development Group. Also, a KRAFT extrusion workshop was held from June 11 to 22, 2007, while several formulations of snacks were extruded incorporating local flours and spices.The SRC also participated in an evaluation exercise by the Organization of American States (OAS) regarding the OAS-funded project titled: ‘Supporting the Development of a Nutraceutical Industry in Jamaica’. The Council received a favourable rating on execution of the project.Furthermore, monthly calendars of regional energy events were developed and posted on the Caribbean Energy Information Systems (CEIS) website and an annual CEIS regional programme of activities was successfully implemented. The SRC also prepared and submitted a proposal regarding an information platform consultancy project to the CARICOM/Caribbean Renewable Energy Development Programme (CREDP). Also, approximately 175 external and 20 internal requests for science and technology (S&T) information were handled. Advertisementslast_img read more

Regulation of Procurement Procedures Will Improve Enforcement

first_imgRelatedRegulation of Procurement Procedures Will Improve Enforcement FacebookTwitterWhatsAppEmail The Government’s move to promulgate regulations governing public sector procurement procedures, will set legally binding and uniformed rules for procurement in all public sector entities, so as to enhance the regulatory framework and improve enforcement.This is according to a Ministry Paper tabled by Minister of Finance and the Public Service, Audley Shaw in the House of Representatives yesterday (Dec. 9). “The regulations will provide policy rules to all personnel of the Government of Jamaica engaged in any aspect of procurement functions,” the document stated.The Ministry Paper informed that the absence of a legal regime governing procurement has made regulation of the area extremely weak. Over the years, the Auditor General’s report has consistently highlighted breaches of Government’s procurement procedures with little or no sanctions being applied against culpable individuals.“This has been iterated in reports done by the Contractor General and the Ministry of Finance and the Public Service audit teams. The Public Accounts Committee has also repeatedly called for punitive action to be taken against public officers who flout the procurement rules. However with the exception of administrative discipline at the Permanent Secretary’s discretion, no sanctions are available for such breaches,” the Ministry paper explained.As a result Government has considered it desirable to have enforceable provisions in the procurement of general services, goods and works so as to promote the objectives of: maximising economy and efficiency in public procurement; fostering and encouraging participation in public procurement proceedings; and to promote competition among suppliers and contractors for the supply of goods, services and works to be procured.Other objectives include: providing for the fair and equitable treatment of all suppliers and contractors; promoting integrity of, and fairness and public confidence in the public procurement process and to also achieve transparency in the procedures relating to procurement.A draft (Revised) Handbook of Public Sector Procurement Procedures was tabled in the Lower House on Tuesday, December 2. RelatedRegulation of Procurement Procedures Will Improve Enforcement RelatedRegulation of Procurement Procedures Will Improve Enforcementcenter_img Advertisements Regulation of Procurement Procedures Will Improve Enforcement UncategorizedDecember 11, 2008last_img read more

Jamaica had Good Showing at London Food and Drink Show

first_imgJamaica had Good Showing at London Food and Drink Show CommerceMarch 21, 2009 FacebookTwitterWhatsAppEmail Jamaica had a successful showing at the just concluded International Food and Drink Event (IFE) in London, with manufacturers and exporters meeting and booking orders with European distributors.“All the exporters (from Jamaica) had meetings with potential distributors and in some cases have had orders. There has been a positive response from consumers. All the exporters have had good meetings,” said Export Promotion Manager at Jamaica Trade and Invest (JTI), Berletta Forrester.The four-day event, held from March 15 to 18, attracted more then 1,200 exhibitors from more than 40 countries across the world. The ‘Flavours of Jamaica’ booth, mounted by JTI, featured an array of Jamaican foods, drinks, teas, and condiments, including jerk sauces, jams, jellies and spreads; canned products and juices, breads, buns, and Blue Mountain Coffee.The exhibitors were: Taste of the Caribbean; Honeybun; West Best Foods Limited; Central Food Packers Limited; Seprod Limited; Suntrax Corporation; and Dalgety Foods.Jamaica’s stand, which featured live cooking demonstrations by Chef Colin Brown, and offered a wide array of food samples, was very popular with show goers and other exhibitors.Held every two years, the IFE is one of the largest international food and drink trade shows in Europe.According to Ms. Forrester, exporters have always found the show to be beneficial. “This year, in particular, we think it is even more critical that we have a good showing in Europe, within the context of the Economic Partnership Agreement (EPA), because it will be opening up new opportunities to bring more products and service into (Europe) duty free. So we are aiming to make good use of and take advantage of promotional activities like the IFE,” she told JIS News.She said the aim was to get the attention of the buyers, importers, and distributors, as well as consumers.“We are looking for the buyer, the importer, the distributor, the retailers, who are looking for a new product, looking to see what else Jamaica has to offer. Then we are looking for the consumers, who come in, primarily, to taste and then to ask ‘where can we buy the products’. So we are trying to get the buyer, who will ultimately sign a supply contract with our exporters and also trying to get the consumer, who will create the demand for the product,” she outlined.Managing Director of Taste of the Caribbean, Sanya Dunstan, told JIS News that participation at this year’s IFE allowed her to observe market trends and make contacts, which could translate into orders.“I was there because I wanted the exposure, and I wanted to know what the trends were in the market and establish myself as an exporter. There was a lot of interest and it has been useful, especially to see what the competition is like, and how we need to focus ourselves,” she stated.Managing Director of West Best Foods Limited, Andrew Morales, who was attending the IFE for the third time, said that the event was a good place to get new ideas and see what new technology was available to the sector.“We are here not so much for new customers but to have our presence felt, and at the same time, see how we can get new ideas to take back home. My focus is on export, and if you are going that route, you have to keep abreast of all the new ways of doing things,” he told JIS News.In the meantime, Simone Smith of Honey Bun Limited, said there was a lot of interest in the company’s spiced Easter buns. “It’s been very good coming to the show and promoting our products. We have had a lot of interest from people to distribute it and wanting to buy it. It’s been really good for us,” she stated. RelatedJamaica had Good Showing at London Food and Drink Show RelatedJamaica had Good Showing at London Food and Drink Showcenter_img RelatedJamaica had Good Showing at London Food and Drink Show Advertisementslast_img read more