ESMA backs clearing exemption for 16 UK pension providers

first_imgThe European Securities and Markets Authority (ESMA) has backed granting 16 UK pension providers – from buyout schemes to pooled funds – transitional exemptions from central clearing obligations.The exemptions themselves have to be granted by the UK Financial Conduct Authority (FCA), which has to seek the opinion of ESMA before making its decision.The exemptions the EU supervisory body has come out in favour of are in relation to the obligation to centrally clear OTC derivative contracts under the European Market Infrastructure Regulation (EMIR).Some pension scheme arrangements or entities get an automatic temporary exemption from that obligation, whereas others need prior authorisation. The 16 pension schemes are not named but include a range of occupational schemes such as authorised and contractually based pooled funds, buyout schemes and life insurance providers, as well as defined contribution personal pension schemes.In each case, ESMA backs the FCA’s view that the pension providers would have difficulties meeting variation margin requirements – a cash payment made on a daily or intra-day basis for profits or losses – for centrally cleared transactions.This is because the schemes have limited cash holdings, and because of high costs in the form of lower investment returns or transaction costs, as well as “the risk of inefficiencies as a result of converting assets into cash”, according to ESMA.last_img read more

Minister: No Solution to Gulf Crisis until Bans Are Lifted

first_imgThe Foreign Minister of Qatar Sheikh Mohammed bin Abdulrahman Al-Thani said that the Gulf crisis cannot be resolved unless the “siege” is lifted.Speaking at a press conference on Monday, June 19, the Minister said that there can be no dialogue as countries that imposed restrictions on Qatar never gave specific expectations from the country that would lead to the resolving of the ongoing dispute.“We can not expect an end to the crisis, solutions are not yet developed and the countries besieged Qatar have not provided any clear reasons for the steps they have taken,” Al-Thani added.“We do not know these grounds why the three Gulf countries boycotted their relations with Qatar. Therefore, there are no steps regarding the crisis and no party has taken any steps.”He stressed that the solution must be primarily diplomatic and through dialogue and not through the blockade, but clarified that dialogue also requires lifting of the embargo.According to the minister, the countries that imposed restrictions are asking Qatar to meet demands that they did not put forward and did not present them directly to the Qatari side.Regarding the Kuwaiti mediation to resolve the crisis, Al-Thani said that these efforts had started since the beginning of the crisis, adding that the Emir of Kuwait has not received any kind of response from the countries that imposed the embargo on Qatar so far on the matter.To remind, the UAE, Saudi Arabia, Bahrain and Egypt cut diplomatic ties with Qatar on Monday, June 5. As a result, regional ports started shunning Qatari vessels, including those destined or originating from the country.Other difficulties that emerged from the dispute include hampering of the purchase of Qatari crude and condensate, hindering of bunkering operations at major bunkering ports such as Fujairah and transshipment at local ports, along with difficulties related to crew.last_img read more

Same sex marriage – Impossible

first_imgRobin Johnson June 2012To change the ‘Marriage Act’ to allow same sex marriage serves no good purpose for the Australian community as a whole. Marriage, between a man and woman, has served mankind well since the beginning of time. There is no reasonable argument or need to use the title marriage to include same sex partners. The same sex marriage campaign is an attempt to legitimise behaviour that is unnatural and give it the legal status of marriage. To do so will undermine long held values of our society.There is a great deal of confusion, misinformation and deceptive rhetoric with regard to same sex marriage. As with every one of the different social issues and challenges, people with strong and differing opinions are at its centre. The debate can become very emotional with strong feelings for and against. We cannot make decisions based on emotional rhetoric that might sound nice but be completely wrong. The use of language, or should I say the misuse and manipulative use of words, also leads to the confusion.I have heard media personalities, who are promoting same sex marriage, say things like, “In this day and age….” Their inference is that now we live in a more enlightened time, therefore we should be open to such changes. Sound moral values don’t change with the passing of time. Where they do change, the moral fibre of society deteriorates.Throughout history mankind has endorsed marriage as the union of a man and a woman from which children are derived, family is established and nurture is provided by a mother and father.Beware the ‘Hollywood’ influence, along with numerous TV programs with their attempts to portray the normalisation of same sex relationships. It is all very ‘feel the love’ and devoid of any moral absolutes.It has also been said that the argument is a human rights issue. It is not! Again the issue is clouded with words that sound appropriate, but when considered properly, they are not. Many laws already exist, that restrict people’s choices and behaviour for the good of the general public and the wellbeing of others. E.G. Polygamy is not legal. A few argue that it is a human right to have more than one wife. A practice the majority of us neither, adhere to or choose or would want legalised in Australia.While we cannot ignore the human face of this issue and genuinely endeavour to be respectful with our words, neither can we neglect declaring what is right, just because someone may take offence. We might also be accused of being unkind and lacking in compassion. When one makes a stand for what is right, speaks against any attempt to legitimise wrong behaviour, often, we are accused of being unkind and lacking compassion. The opposite is true; because we do care, we speak out.Though this article is not meant to be offensive to any individual, nevertheless there will be some who will be personally offended. Let me make this clear, though not personal, this is about people. It is about the welfare of people now and future generations, because as already stated, every social challenge has people at its centre, and it is people who are hurt when things are done wrong. Nevertheless, we must speak out and stand for what is ‘right’ even though it might appear to be unpopular.When we remain silent, we give consent by default to the ‘evil’ proposed and allow it to run its course unhindered. Knowing that we are on the side of right, gives us the courage to do good for the sake of the silent majority who would otherwise be adversely affected, if not for our voiced position and actionSame sex relationships have existed throughout history and will continue to exist. This debate though is about the attempt to change the law that defines the term marriage. However, it is not possible to separate the sexual choices of individuals, who wish to have their relationship titled marriage, from the discussion.READMORE read more

A local magistrate wants laws to protect older people from discriminiation based on age

first_img Sharing is caring! Share Tweet Share LocalNews A local magistrate wants laws to protect older people from discriminiation based on age by: – May 30, 2011center_img 22 Views   no discussions Share Photo credit: superstock.comChief Magistrate Evelina Baptiste says consideration must be given to the adoption of laws to protect older persons from discrimination based on age.Baptiste told the 16th Annual General Meeting of the Dominica Council on Aging that several other Caribbean countries have already made the necessary adjustments.She said other countries have also specified the areas while other has passed legislations to deal with the abuse, care and access to health.“There are acts which prohibits a person over the age of 60 from serving as a juror. I have often found that very difficult because normally at 6o you are retired and you have much more time to come to court…you attention span is much better…” she said.Baptiste said there is also no legislation protecting the rights of older persons and no treaty on convention on the life of older persons.Dominica Vibes Newslast_img read more

Area Girls Basketball Scores (11-18)

first_imgArea Girls Basketball Scores.Saturday  (11-18)Batesville  50     South Dearborn  27Batesville JV won 40-34Batesville C team lost to SW Shelby 26-14East Central  44     Mt. Vernon  26Franklin County  61     Switz. County  37Greensburg  69     Jennings County  38North Decatur  62     South Decatur  39Rising Sun  40     Waldron  38Plainfield  53     Rushville  30Anderson  75     Connersville  36New Washington  75     Shawe Memorial  42Salem  51     Madison  44last_img read more

Former England captains criticise Rabada ban

first_img(REUTERS)-Three former England captains united on Saturday to condemn the one-match ban given to South African paceman Kagiso Rabada.He will miss the second Test starting on Friday after receiving a fourth demerit point in 24 months for what the International Cricket Council called “inappropriate language” towards batsman Ben Stokes in the first test at Lord’s on Friday.The three previous points were all for “deliberate physical contact” against Sri Lanka’s Niroshan Dickwella in February.“It seems a nonsense to me that those two things combined have resulted in a test match ban,” Michael Atherton told Sky Sports viewers after watching film of both incidents.“Three demerit points for that slight bit of contact with Dickwella and then yesterday when it’s hardly directed at Ben Stokes.”“For me it’s ridiculous,” said one of Atherton’s predecessors Ian Botham.“It’s a physical game and you’re talking about heat-of-the-moment exchanges. That’s just a nudge.”A third former captain, David Gower, agreed.“It’s highlighted by the fact that those points from a previous offence mean he’s not going to be playing in the next test match of the series. It is a very, very harsh punishment.”South Africa are already missing paceman Dale Steyn for the whole series with a shoulder injury and on Saturday fellow seamer Vernon Philander was taken to hospital for an x-ray after being hit on the hand during his innings of 52. The x-ray showed no bones were broken.He was last man out as South Africa were dismissed for 361, 97 behind on first innings.last_img read more

Piacentini ties all-time Syracuse record with 8th consecutive game with point

first_img Facebook Twitter Google+ After weeks of anchoring Syracuse’s offense, forward Melissa Piacentini soared into the Orange record books this weekend against rival Mercyhurst. With her team facing a two-goal deficit late in the second period on Saturday afternoon, she fought to position herself well in Laker territory. Nicole Renault quickly fired a pass over to Piacentini, who didn’t hesitate when getting the puck in her hands.Piacentini didn’t attempt to show off her ability to score at will. Instead, she sent the puck over to Margot Scharfe, who executed on the open lane en route to a goal.“Melissa kind of chipped the puck so it ran on my stick,” Scharfe said. “And I tried to have a little patience to put it in.”Piacentini’s assist extended her point streak to eight consecutive games. That ties the longest streak in the program’s history, which was first set by Isabel Menard in 2009-10.AdvertisementThis is placeholder textWhen asked about the new milestone, Piacentini was satisfied with the streak. But with Syracuse (14-11-2, 6-6-2 College Hockey America) losing the weekend series against Mercyhurst (17-7-3, 10-3-1 CHA) — 3-2 on Friday and 2-1 on Saturday — her recent success was put on the back burner. “It’s great, but I have to put it away when it really matters, like at the end of the game today,” Piacentini said.Piacentini also capped off a new program record when scoring a goal on Friday night, extending her streak to seven consecutive games with a goal scored. With the Orange trailing 2-0 in the second period, Piacentini’s style of play matched the toughness provided by the Mercyhurst defense. She found an open spot near Lakers’ goalie Amanda Makela, which put her in an ideal position to receive the oncoming puck from Allie LaCombe.That provided her with the chance to launch the puck past Makela and provide the Orange with the opportunity to compete down the stretch. While Piacentini’s goal streak ended on Saturday, head coach Paul Flanagan was pleased with her taking the record.“She’s been pretty consistent,” Flanagan said. “For her, that gives you confidence to feel you can go out and not only get one every night, but now you can get hungry and go out and get a couple (goals).”This record-tying streak by Piacentini is a product of her consistent effort. She has emerged as the most consistent offensive threat during the past month for the Orange.Scharfe said that Piacentini deserves all of the accolades as a result of her hard work.“It’s great. I’m really happy for Tini,’” Scharfe said. “Every game she works hard and she deserves the recognition.”As Piacentini earned the two different records over the weekend, her personality on and off the ice did not change at any point of either game. But individual performance does not trump the overall success of the team in her mind, especially with a month remaining in the regular season.Julie Knerr wasn’t aware of the program records that Piacentini matched over the weekend, based on her teammate’s calm attitude about the recent success. Knerr is hopeful that Piacentini will carry over the recent momentum into the last few weeks of the year.“It’s awesome for her, and it doesn’t even faze her at all,” Knerr said. “She doesn’t even show that she has that streak. We’re pumped for her and want her to keep it going. “It’s pretty cool for one of our teammates to do it that way.” Comments Published on February 3, 2014 at 2:50 amlast_img read more

Beat writers expect Orange to fall short at No. 13 North Carolina

first_imgPhil D’Abbraccio (16-4): North Carolina 72, Syracuse 65Heels over headsThe downward slide continues. Syracuse is rebounding well, but the physicality of North Carolina’s big men means the thin SU rotation will really be tested in how it handles foul trouble. Competing with the Atlantic Coast Conference’s top rebounding team will be a challenge in itself, and keeping the Orange’s vital players on the floor and not on the bench will be even more difficult. And we saw how Syracuse shot free throws with a home-crowd advantage on Saturday. Shooting from the line in a raucous Dean E. Smith Center environment — plus being drained, physically — doesn’t bode much better for SU.Jesse Dougherty (16-4): North Carolina 71, Syracuse 62Home sickSyracuse may have fallen to Miami on Saturday, but there’s no doubting that the 30,000-plus Carrier Dome crowd had something to do with the Orange keeping it close. Now SU travels to Chapel Hill, North Carolina where Roy Williams’ Tar Heels have lost just twice this season — once in conference play to then-No. 13 Notre Dame — and it promises to be one of the hardest tests of Syracuse’s season. The Orange was sluggish in road conference wins over Georgia Tech and Virginia Tech in early January, and playing No. 13 North Carolina in the Dean E. Smith Center is a whole different beast. Beasts haven’t been too kind to short-handed SU this season, and expect that trend to continue.Jacob Klinger (17-3): North Carolina 75, Syracuse 63Oh, Tar-tar sauceThis is Syracuse’s best chance to knock off one of the ACC’s elite teams. The Tar Heels don’t shoot especially well, which is the easiest way to beat the zone. But they do get to the basket like nobody’s business. The Orange struggled to keep Miami out of the lane on Saturday and keeping the top of the defense tight has been a patchy area for SU all season. Marcus Paige doesn’t make it any easier. More importantly, this exposes Rakeem Christmas to foul trouble and Chinonso Obokoh to having to play. A team that’s dependent on big men for scoring shouldn’t be able to win with a center whose primary offensive responsibility is setting screens. Not against North Carolina at North Carolina, anyway. Comments Published on January 26, 2015 at 4:08 pm Facebook Twitter Google+last_img read more

Kempney looks to increase scoring role in upcoming season for Syracuse

first_img Published on February 2, 2015 at 12:10 am Contact Jon: | @jmettus Facebook Twitter Google+ Kailah Kempney walked onto the field and saw 585 fans in the Carrier Dome seats around her. She lined up inside the circle at midfield to take the draw.The first game of Kempney’s career started on her own stick.“It was pretty intimidating,” Kempney said of the draw, which she lost. “I mean my first game in college ever and you’re standing in center field.”Over the last three years, Kempney, a senior attack, has been one of Syracuse’s go-to players on the draw. Her 253 career draw controls are an SU record and put her at 15th in Division I history. But this year, the Orange will be without its second- and third-best goal scorers from last year, Alyssa Murray and Katie Webster. Kempney will be picking up a bigger scoring role than she’s had in the past to help fill the void.“We’re just looking for her to play offense,” SU head coach Gary Gait said. “When she gets the opportunities, put the ball in the back of the net and be a part of our system. We’re not asking her to be the leader, we’re asking her to be a dynamic scoring threat.”AdvertisementThis is placeholder textIn her senior year at Carthage (New York) High School, Kempney scored 118 goals and controlled 193 draws, but at Syracuse her focus has been draws.She led the team with 90 draw controls her freshman year at Syracuse and was fourth with 37 goals. In her sophomore season, she was second with 56 draw controls and third in goals again with 29. Her junior year, she led the team with 107 draw controls.As her goals and shots went down over the years, her assists went up.One of Kempney’s assets on offense is that she sees seams in the defense well, assistant coach Katie Rowan said. Now, the key for Kempney is to increase her 47.1 shooting percentage and the amount of quality shots she takes.“Maybe (she’ll) do a little more than she has the last couple years by maybe not just playing inside,” Gait said, “Maybe playing a little low, a little high, changing her position and I think it can pay off for us.”When Kempney does play inside, she needs to pick up rebounds and score in one shot, Rowan said.As Kempney is worked more into the offense, attack Kayla Treanor and midfielder Erica Bodt will be worked into the draw control team, Kempney said. Freshman attack Riley Donahue will be joining the mix too, Kempney added.Donahue excels at self-draws, Kempney said, something she didn’t learn until her senior year of high school. The two have been working together on offense as well, which Kempney said has helped her.Still, Kempney isn’t going to give up her reign in the draw circle just yet. She spent all summer practicing draw controls — her favorite part of the game — with her younger sister, Braelie, and has new tricks this season after Maryland’s Taylor Cummings dominated SU in the draw circle en route to a national championship win in May.Cummings, a midfielder, finished the year with 63 goals and 128 draw controls and won the Tewaaraton Award for best player — lacrosse’s equivalent to the Heisman Trophy. Kempney could match Cumming’s stats this year, Rowan said.In all likelihood, when Kempney steps on the field for the season opener against Denver on Saturday, it’ll be the last time Syracuse’s season starts with her. But her final season could be unlike any of her previous three in a Syracuse jersey.“If she’s given the green light, I really think you’ll see that happen,” said Roxanne Kempney, her mother. “ … I don’t think anyone’s seen what she’s capable of.” Commentslast_img read more

Dino Babers on ACC coaches teleconference: ‘Lamar’s going to get his’

first_img Published on November 15, 2017 at 12:27 pm Contact Matthew: | @MatthewGut21 Babers said Jackson does “everything” better than WFU QB John Wolford, who racked up 502 total yards last week in SU’s 64-43 loss. Syracuse allowed a season-worst 64 points and 734 yards against. Wake Forest’s spread, no-huddle offense clicked via run-pass options, which Jackson has practically mastered at the college level. And Wednesday morning, Babers said that he thinks Jackson is having a better season than he did last year.“That’s not good for us,” Babers said. “We need to find a way to play team defense.”Louisville head coach Bobby Petrino said Wednesday that Jackson may not be able to exploit the SU defense the same way Wolford did. Petrino said most teams UofL has played this season draft up different defenses specifically for Jackson, who is averaging 418 total yards per game (393 in 2016). He is 11th in the country in passing yards, 25th in passing efficiency and fourth in points responsible for.“All year long people have come in with a different game plan for Lamar,” Petrino said. “Lamar’s been very good at adjusting, understanding the fronts, coverages, who they’re trying to get to … we’ll need to be aggressive early.”Other notes from Babers’ teleconference:Babers said he believes junior quarterback Eric Dungey is getting better and is hopeful he can play at Louisville. Dungey did not play against Wake Forest. On Monday, Babers said: “If he’s capable, I expect him to go.”On the WFU loss, during which Syracuse blew a 17-point lead: “I think they’re a little embarrassed. I think they’ve got a bad taste in their mouth.”On backup QB Zack Mahoney, who threw for nearly 300 yards in the first half against WFU but was picked off twice in the second: “When he’s on, we’re capable of scoring a lot of points with him. Hopefully we get first-half Zack and not second-half Zack.”Babers on personnel: “We have to play more people. We’ve got to get more people in there especially when you don’t have the depth that we have. With the amount of snaps offensively and defensively we have, you have to rotate those guys in there so they’re fresh at the end of the game.” Facebook Twitter Google+ Led by Heisman Trophy winner Lamar Jackson, Louisville scored three touchdowns last year against Syracuse — on its first five plays from scrimmage. Head coach Dino Babers addressed the performance on the Atlantic Coast Conference teleconference on Wednesday morning.Jackson, then a sophomore, was effective with his zone reads against SU’s Tampa-2 defense, racking up 199 yards on 21 carries for four touchdowns. That was just on the ground. He threw for another 411 yards and one TD, which came on the first play of the game.Against the Orange inside the Carrier Dome, Jackson became the second player in FBS history to record 400 passing yards and 150 rush yards in a game. He was one rushing yard short of becoming the first player in FBS history to run for 400 yards and pass for 200 yards in a single game. On Saturday at 3:30 p.m., Syracuse (4-6, 2-4 Atlantic Coast) will be tested again as Jackson plays what’s likely the final home game of his college career for Louisville (6-4, 3-4).“I don’t even know if you can control the guy,” Babers said. “It’s like the (Michael) Jordan Rules: Lamar’s going to get his … you try to stop everything else if you’re going to win against those guys. That guy is so dynamic, he’s so hard to stop by himself.“Last year he ran all over us and he threw all over us. He got both parts in last year … people were taking pictures (with him) out of the stadium after the game.”AdvertisementThis is placeholder text Commentslast_img read more