New HBS approach to increase transparency – Clifford Chance

first_imgHe said the industry group questioned “what had driven EIOPA to come up with new proposals”, lacking a formal request from the European Commission.Kloosterboer also noted that the period for the industry to comment on EIOPA’s recommendations, as well as the amount of time the supervisory authority would have to flesh out technical specifications, would be very short – particularly “given its intention to introduce new regulation in early 2015”.But Clifford Chance’s Van Meerten claimed the suggested frameworks were of “sloping strictness”, varying from a “Solvency II-ish” regime to an alternative in which the HBS could by deployed as a risk-management tool.“The introduction of the last and least strict model doesn’t even require new European legislation for capital requirements,” he said.“In the last model, the HBS is part of the governance and risk-management of pension funds.”Van Meerten acknowledged that EIOPA’s six frameworks were not appropriate for purely defined contribution schemes, including the Dutch pensions vehicle PPI, and said the advisory body would come up with additional proposals for this category.The legal expert also argued that the fact EIOPA wants assets and liabilities to be discounted against market rates, rather than just liabilities, is a positive.“Such a balanced approach seems much more logical,” he said.“As a result, Dutch funds might no longer be allowed to calculate their contributions against expected returns.”He also noted that the higher buffer requirements in the initial HBS proposals – previously criticised by the Dutch pensions sector – had now been forced on pension funds through national legislation, including the new financial assessment framework (FTK) in the Netherlands.He said the delegated competence for the European Commission to issue additional rules might have been removed from the revised IORP proposals, but he added that the debate over the issue was not over.“The important European Principal Treaties grant the EC the competence to issue detailed rules, which could also apply to prudence requirements for pension funds,” he said. EIOPA’s new principles-based approach to the proposed holistic balance sheet (HBS) is a positive development, as its central thrust is to increase “clarity” for pension funds’ participants, according to Hans van Meerten, an expert in European pensions at law firm Clifford Chance.He argued that all six of EIOPA’s suggested frameworks for the HBS focused on providing clarity on the composition of pension assets, when and how rights cuts are permitted, and how the principle of solidarity is shaped.The Dutch Pensions Federation, however, was sceptical.Its spokesman, Gert Kloosterboer, said: “We are not yet convinced of the benefit or the necessity of an HBS approach combined with quantitative rules.”last_img read more

COVID-19: Immigration department ends amnesty for foreigners

first_imgThe Department of Immigration Services has lifted amnesty on stay beyond the stipulated six (6) months that was caused by COVID-19 international travel restrictions. All affected visitors have 14 days to comply as at Monday, 14th September 2020. Among the raft of measures taken was to extend visitor passes and permits as the Imigration services automated the service assessible through the Foreign Nationals Services Portals.Get breaking news on your Mobile as-it-happens. SMS ‘NEWS’ to 20153 The DG through a statement however noted that all foreigners who had applied for the extension of their pass/permits would be required to produce it upon exit of the country.Also Read  Kenya marks World Alzheimer’s day amid renewed hopeKenya’s Jomo Kenyatta International Airport resumed operations under tight COVID-19 regulations after a 4-month shutdown.Opening Kenya’s airspace came after months of airlines preparing to conform to the World Health Organisation and International Air Transport Association’s health guidelines for operating passenger planes.Also Read  KNCCI training to help special group SMEs cope during COVID-19Kenya had already allowed local passenger services to begin on July 15 with authorities saying it was a test of the country’s preparedness before resumption of international passenger flights.The Kenya Airports Authority to conform to WHO health guidelines noted that it was a mandatory requirement for all passengers arriving in Kenya to fill in the COVID-19 Travelers Health Surveillance Form.Passengers are also required to display the received QR codes to port health officials for them to be allowed to proceed to arrival immigration.Also Read  President Kenyatta hails peace progress in S.SudanKAA in addition noted that all arriving passengers on international flights with a COVID-19 Negative certificate whose body temperature is NOT above 37.5° C (99.5°F), do NOT have a persistent cough, difficulty in breathing or other flu-like symptoms, have negative tests carried out within 96 hours before travel and are from countries considered low to medium risk COVID–19 transmission areas, shall be exempted from quarantine.“For passengers traveling out of the country, they will be required to abide by the particular travel, health and COVID-19 related requirements of the destination country,” KAA concluded in a statement. On April 8th, the Government of Kenya through the Ministry of Health outlined measures to curb further transmission of COVID-19 in the country. Director-General of Immigration Services Alexender Muteshi in a statement on Monday said the foreigners affected have two weeks to exit the country or apply for residency to regularise their stay.last_img read more

FCHD releases latest COVID-19 information

first_imgBrookville, IN — The Franklin County Health Department (FCHD) announces there have been 257 positive cases of COVID-19 in the county since mid-March. Health Officials also announced that 200 of those cases have recovered from the Coronavirus while there are currently 35 cases are being actively monitored, including 10 that are hospitalized.The total of COVID-19 related deaths in Franklin County is 22.last_img

Bale expected to train with Wales

first_img His club manager Andre Villas-Boas said the Welshman is unlikely to be fit for their Premier League opener against Crystal Palace, but he is currently part of Coleman’s plans for Wednesday’s friendly meeting with the Republic of Ireland. A Football Association of Wales spokesman confirmed to Press Association Sport that Bale reported to the team hotel ahead of a training session in Newport on Monday afternoon. But it is understood Bale is concerned about risking his fitness against the Republic with a potential big-money move on the horizon. Aside from deciding to what extent Bale can be involved in his plans this week, Coleman also has injury concerns over Arsenal midfielder Aaron Ramsey (ankle) and West Ham defender James Collins (knee). Press Association The Tottenham winger’s future remains in the balance as Real Madrid attempt to complete a world-record deal to take the 24-year-old to the Bernabeu, while reports have suggested Manchester United are set to enter the race. Bale has not played for Spurs in nearly a month and is currently nursing a foot injury. center_img Gareth Bale looks set to take some part in training with Wales on Monday afternoon after reporting for duty with Chris Coleman’s squad.last_img read more

Hughton angered by racist abuse

first_imgNorwich manager Chris Hughton is “disappointed, sad and angry” he and others still have to face up to racism in the modern game. UEFA, meanwhile, has on Thursday afternoon charged CSKA Moscow with “racist behaviour of their fans” after Manchester City’s Yaya Toure complained of monkey chants against him during the Champions League match in Moscow. The Russian club have denied any racist abuse took place during Wednesday night’s match, but will face a disciplinary hearing next week. Hughton, who is the only black manager in the Barclays Premier League, admitted the continuing instances were uncomfortable. “Regards my own situation I am disappointed, sad and angry, it is all of those emotions,” Hughton said at a press conference ahead of Saturday’s match against Cardiff. “It is not something that I should have to deal with, but it is something I am having to deal with. “It is in the hands of the appropriate authorities and I am quite sure the correct action will be taken.” Hughton believes the football authorities should take stronger action to deter such instances, particularly within the wider European game. “What they need to do is put themselves in a position as the ones who are being targeted and it is not a nice situation not to be in, let me tell you,” said Hughton, a former defender for Tottenham and the Republic of Ireland. “I think most of the penalties these days seem to be fines. Fines are easily paid by the bigger clubs. Do we need harsher penalties? Yes, we do, absolutely. The Norfolk club has vowed to ban for life any fan found guilty of racism after Hughton was the target of online abuse for the second time this season when supporters reported an offensive comment on an unofficial Facebook page. Police are currently investigating the matter, which follows a similar incident when a comment was left on a social networking forum, which has been treated as a hate crime. “The only way you will see an about turn and improvement is when you have harsher penalties. “It was a big Champions League game so UEFA have a real opportunity to do something. I think the punishments have to be a lot sterner, something that hurts a little bit more.” Hughton does not feel players walking off the field in protest is the answer. “I think it is very unfair to put it down to individuals. They face the brunt of the abuse,” he said. “Everybody reacts in different ways but it shouldn’t be their responsibility. “It should be the authorities, particularly when it is as vocal as it has been like on Wednesday night. “There was no question about that and it shouldn’t be left to anyone but the authorities.” Norwich head into Saturday’s home clash against Cardiff in the bottom three following the 4-1 defeat at leaders Arsenal, which was a fifth defeat in eight league games. Striker Rickie van Wolfswinkel is “touch and go” for a return from a foot problem, but Sweden international Johan Elmander should be available after his thigh injury from international duty. Hughton accepts Norwich have to start converting positive displays into points on the board. “We all know it is a results business, but if we keep playing as we are, we will be OK,” he said. Press Associationlast_img read more

Cricket News Young batsman Oliver Pope called up for Lord’s Test

first_img For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps. Birmingham: England have made two changes to their squad for the second Test against India, bringing in uncapped batsman Oliver Pope and pacer Chris Woakes.The second Test starts at the Lord’s on August 9. 20-year-old Surrey batsman Oliver Pope has been given his maiden Test call-up as Dawid Malan has been dropped. The latter scored only 8 and 20 in the first Test here and also dropped crucial catches at slip.ALSO READ | Ishant credits Sussex stint for success in EnglandPope has had a stellar domestic season as he scored 684 runs at average 85.50 and is the second-highest run-scorer in the County championship this summer. Additionally, he is also right-handed which is seen as a tactic to contend with Indian off-spinner Ravichandran Ashwin who picked up seven wickets at Edgbaston. Woakes replaced all-rounder Ben Stokes as well. The latter will be in Bristol starting on Monday, where his trial for affray charges begins. If the case is adjourned for a later date, Stokes will be added to the Test squad. “Ollie Pope has made an exceptional start to his first-class career. He has reached 1000 first-class runs in just 15 matches and is the first division’s stand-out batsman this season with 684 runs at 85,” said England national selector Ed Smith.ALSO READ | Be angry and challenge Kohli, Vaughan’s message to England”The selection panel believe that Ollie’s performances and character suggest he is well suited to international cricket.” Hosts England lead the five-match series 1-0 after their 31-run victory in the opener. last_img read more

Professor coined term inclusion rider

first_imgOscar winner Frances McDormand finished her acceptance speech for Best Actress in a Leading Role at Sunday’s Academy Awards by saying, “I would like to leave you with two words: inclusion rider.” The phrase “inclusion rider” was coined by Stacy Smith, director of the Annenberg Inclusion Initiative for the USC Annenberg School for Communication and Journalism. Smith created the term in 2014 after writing a guest column in The Hollywood Reporter about issues of inclusion in Hollywood. The term describes a demand actors and actresses can add to their contracts to ensure diversity among cast and crew.In an interview broadcasted by Annenberg Monday on Facebook Live, Smith told Annenberg Dean Willow Bay that the term inclusion rider was a “step toward countering bias in the interviewing or casting process.”In the interview, Smith said that when McDormand asked all the female nominees in the room to stand, she was surprised with the small number of women in the room. Inclusion rider is a term created years ago, which has experienced increased popularity  as a result of the Time’s Up movement, she said.Smith has conducted years of research on various topics relating to representation in Hollywood, such as patterns of screen representation, behind-the-camera employment and barriers facing women and underrepresented minorities in the media. In her research, she offers the inclusion rider as a solution to counter inequality in Hollywood and the media.A typical inclusion rider sets numerical goals for casting in entertainment to ensure the “world onscreen looks like the world in which we live,” Smith told The New York Times. “If 40 percent of the country is filled with individuals from underrepresented racial groups, 20 percent of the country is filled with individuals with disabilities, there is no reason why these individuals aren’t reflected in stories,” Smith told Bay in the interview.last_img read more

Football: Wisconsin prevails over Nebraska in matchup of ground-and-pound offenses

first_imgThe University of Wisconsin football team (8-2, 5-2 Big Ten) defeated the Nebraska Cornhuskers (4-6, 2-5) on their turf Saturday afternoon, maintaining hope for the Big Ten West title with just two games remaining in the regular season.The Badgers started off fairly slow, allowing Nebraska to jump out to a 7–0 lead after a Jonathan Taylor fumble off a one-handed catch gave the Huskers great field position.The Badgers quickly responded with a touchdown of their own on Aron Cruickshank’s 89-yard kickoff return for a touchdown. Nebraska then managed to pull out to a 14–10 lead early in the second quarter, but the Badgers took over from there.Wisconsin scored on three consecutive drives, including one touchdown off an interception by Jack Sanborn on a tipped pass by linebacker Chris Orr. With that, Wisconsin headed into the locker room with a 27–14 lead, a lead they wouldn’t relinquish in the second half.Football: Four takeaways from Badgers’ close win over IowaThe No. 15 Wisconsin Badgers (7-2, 4-2 Big Ten) bounced back from two straight losses with a 24–22 victory over Read…Running back Jonathan Taylor broke former Georgia running back Herschel Walker’s rushing record through a junior season behind a 204-yard performance on the ground, his 11th career game with 200+ rush yards. That total also puts Taylor second for all-time rushing yards by a Big Ten player, as he only trails former Badger Ron Dayne. Taylor also added two touchdowns to his season total.On the other side of the ball, Orr continued his strong senior season with a sack and the tipped pass for an interception, but Nebraska’s run game was dominant. Running back Dedrick Mills finished the day with 188 yards on the ground on just 17 carries, in addition to quarterback Adrian Martinez’ 89 yards on 16 carries. Head Coach Paul Chryst gave Nebraska credit for their run game.“They did a heck of a job of running the ball and making plays, especially on third down,” Chryst said in a post-game sideline interview.Nebraska quickly moved down the field early in the fourth quarter, but the Badger defense stopped them on fourth-and-four and gained possession at a crucial junction in the game. The Badgers proceeded to kick a field goal and extend their lead to 16 points, all but guaranteeing a win with just under ten minutes remaining in the fourth quarter.While Taylor was the story of the day, quarterback Jack Coan also had a nice game, finishing 13-for-21 for 162 yards and a touchdown. That touchdown came on a great 55-yard catch-and-run by senior receiver A.J. Taylor in the second quarter.Football: Badgers at disadvantage among other football programsTake a look at the ESPN 300 for the 2020 high school senior class of football players. Up and down Read…Kicker Collin Larsh also had his best game of the season, going 3-for-3 on field goals and 4-for-4 on extra points.In what ended up being a great all-around performance by the Badgers, Wisconsin prevailed, 37–21. Wisconsin’s win keeps them in contention for the Big Ten West title, as they trail Minnesota by one game after Minnesota’s loss to the Hawkeyes Saturday evening.With Minnesota’s loss, Wisconsin will need to win their last two games against Purdue and Minnesota to get into the Big Ten Championship Game in December.last_img read more

WWE Raw 2019: Braun Strowman v Seth Rollins; Sasha Banks v Becky Lynch

first_img WE RECOMMEND First Published: 11th September, 2019 15:06 IST Shreshtha Chaudhury 1 year ago Ric Flair-less, loses followers after crossing Becky Lynch’s path WATCH US LIVE Last Updated: 11th September, 2019 20:02 IST WWE Raw 2019: Braun Strowman V Seth Rollins; Sasha Banks V Becky Lynch WWE Raw 2019 will see some high octane action which will smash all the ratings. Braun Strowman and Seth Rollins will face each other in the anticipated match. LIVE TV FOLLOW US 1 year ago Ric Flair gets a befitting reply from Becky Lynch over trademark claim 11 months ago WWE RAW: Rey Mysterio vs Gran Metalik Match Overview Written By SUBSCRIBE TO US Also Read: Seth Rollins Slays ‘The Beast’ Again, Fans Jubilant As He Wins His Second WWE Universal ChampionshipThings To Get Heated Up Between Sasha Banks and Becky LynchThe breaking point between these two is expected to fetch the maximum ratings in the tournament. Sasha made Lynch her prime target, setting the pace for the whole showdown. But we can surely trust these two female champions to level up the game, this season. Like them, it is Charlotte Flair and Bayley. Fans are eager to see what will be the outcome of this clash between these two Race champions. Then there will also be a much-anticipated encounter between Eric Rowan and Roman Reigns at the WWE Raw 2019. There was a nasty scuffle between the two at the final Smackdown where Eric chose a piece of camera equipment to hit Roman. Despite all this, excitement is in the air for the WWE Raw 2019 this year.Also Read: John Cena Has A Special Message For The WWE Family Ahead Of Summerslam 2019. Here’s What He Said The fans of the WWE Clash Of Champions surely missed the highly anticipated event last year. But this year, again it is back with a bang with the hysteria increasing rapidly. The latest tournament will witness the clash between the mightiest of the champions and one of them will be crowned as the King of the Ring tournament victor. This event will take place for the first time in four years. The WWE ratings are expected to topple the charts. The match will start airing at the WWE network from 7 pm.Also Read: WWE RAW: Rey Mysterio Vs Gran Metalik Match OverviewWWE Raw 2019: The Latest Showdown Is All Set To Raise The Frenzy Amongst The FansAlso Read: Batista Snubbed: WWE Leaves Him Out Of Smackdown Tribute VideoThe Clash Between Braun Strowman and Seth RollinsThe match will see the two Raw tag team champions clashing on the ring. All eyes are on Braun Strowman who has been eyeing this title for a long time. It will be interesting to see who emerges victorious in the match. Another part of the match which all are excited about the clash between Randy Orton and Kofi Kingston. The two champions have been each other’s arch-nemesis since the Summer Slam. The two have been on their best forms whenever they faced each earlier in the earlier matches. Now, they both are all geared up for their showdown at the Clash of the Champions. COMMENT 1 year ago Batista snubbed: WWE leaves him out of Smackdown tribute video 1 year ago CM Punk recalls John Cena rivalry, says ‘enjoyed working with him’last_img read more

SBTech confirms ComeOn partnership renewal

first_img Submit StumbleUpon Alexey Khobot, Fonbet: The importance of live streaming for Russia’s betting market July 1, 2020 Share Kambi and DraftKings agree on final closure terms July 24, 2020 Kambi takes control of Churchill Downs BetAmerica sportsbook August 28, 2020 Share Related Articles Sports betting technology and platform provider SBTech has confirmed that it will be renewing its long-standing partnership with ComeOn which has helped expand ComeOn’s brand exposure across newly regulated markets.The extension to the partnership marks the fifth time this contract between the duo has been renewed, and is hoped to help deliver “differentiated user experiences to players, both in established and in new territories”, which will largely be done via SBTech’s sportsbook technology.Richard Carter, CEO of SBTech, said: “Our decade-long relationship with ComeOn continues to go from strength-to-strength with our innovative technology and new features enabling it to power new brands, broaden its footprint into new markets and offer its customers the ultimate, personalized online and mobile sports betting experience.“This is the fifth renewal between both companies and I’m extremely confident we will continue to help ComeOn to reach new heights as it expands and breaks new ground.”SBTech said stated that the strengthened partnership will help ComeOn fulfil their current growth strategy in existing jurisdictions such as Sweden, where SBTech has powered the operator’s snabbare.com and hajper.com brands following re-regulation of the market in January.Alongside this, ComeOn will be granted full control of its operations from one central location, offering comprehensive localisation capabilities, a powerful bonus engine and extensive responsible gaming tools.SBTech supplies ComeOn and its brands with a complete suite of sports betting solutions including access to its fully responsive front-end solution, live betting, live streaming, horse racing, greyhounds, IMG tennis data and streaming, live score, live match tracker and live statistics.Lahcene Merzoug, CEO at ComeOn, added: “At ComeOn we always strive to give our players an awesome experience. With many successful brands across different markets we are committed to offer the best products to our players. “Therefore, we are very excited to continue our successful partnership with SBTech and we are confident that together we will be able to find new great opportunities and keep offering our players a great sportsbook experience.”ComeOn’s most recent approach has seen it integrate SBTech’s API-driven differentiation technology, enabling the operator to personalise and customise its offering. This includes a wide selection of navigation styles, bet slip and front-end layouts, mobile configurations, widgets, and designs and trading strategies benefiting ComeOn with further differentiation, low upfront costs and speed to market.last_img read more