Tougher emerging market bank supervision needed: Fitch

Keywords Banking industry,  Emerging markets Share this article and your comments with peers on social media James Langton TD getting new head of private wealth, financial planning Regulatory supervision of fast-growing banks in emerging markets has improved significantly over the past 20 years, but oversight must get stronger still says Fitch Ratings in a new report. The rating agency reports that, over the last 20 years, emerging market banking regulation has improved, largely in an effort to avoid a repeat of past financial crises that jeopardized economic growth, and the health of the banks. Fed plays limited role in assessing climate risks for banks It notes that more conservative capital rules have been established across most emerging market banking systems, and that “compliance and accounting-oriented supervision techniques are giving way to risk-based frameworks that more closely mirror developed market regulatory approaches.” Most emerging market regulators are pushing banks’ average Tier 1 capital ratios above 10%, it says. Additionally, foreign currency regulations have been tightened, and related-party transactions are becoming less frequent as disclosure improves, it notes. Moreover, domestic regulators have been given more legal authority to carry out bank supervision, it says. That said, Fitch stresses that not all emerging market bank regulatory frameworks are equally robust, and it says the need for tougher supervision is growing, “as banks’ retail exposure expands, introducing new risk management problems.” And, as emerging market banks continue to expand internationally, Fitch says that the need for enhanced regulatory harmonization within regions will increase. “Banking regulators must quickly attempt to reduce regulatory asymmetries in order to cope with the already significant and growing regionalization of emerging market banks,” it says. Moreover, Fitch stresses that, while the banks generally have healthy capital positions, there is no room for complacency. “We believe banks should strive jointly with regulators to preserve and enhance such capital in order to properly fund expected expansion while maintaining enough capital to cover unexpected losses,” it says. Related news Canadian banks to focus on growth, spending and buybacks after strong second quarter Facebook LinkedIn Twitter read more

ILPA announces two key senior hires

first_img TD getting new head of private wealth, financial planning Share this article and your comments with peers on social media The Institutional Limited Partners Association (ILPA) Tuesday announced the appointment of two key senior hires to the association; Jennifer Choi to managing director, industry affairs, and Nicole Caty to managing director, membership & events. Choi joins ILPA after eight years as vice president, industry and external affairs, at the Emerging Markets Private Equity Association (EMPEA), where she managed the association’s member and industry engagement initiatives. PenderFund names new SVP for investments IE Staff CI GAM names its first-ever head of investment managementcenter_img Related news Keywords AppointmentsCompanies Institutional Limited Partners Association Caty joins ILPA after 18 years in progressive roles within the banking industry, most recently at HSBC as an investment banker focused on M&A transactions. Based in Toronto, ILPA has over 300 institutional member organizations that collectively manage over $1 trillion of private equity assets. Facebook LinkedIn Twitterlast_img read more

Stakeholders in the Pesticides Industry to Participate in One-Day Consultation

first_imgRelatedStakeholders in the Pesticides Industry to Participate in One-Day Consultation Stakeholders in the Pesticides Industry to Participate in One-Day Consultation UncategorizedMay 25, 2006 RelatedStakeholders in the Pesticides Industry to Participate in One-Day Consultation Advertisementscenter_img RelatedStakeholders in the Pesticides Industry to Participate in One-Day Consultation FacebookTwitterWhatsAppEmail Some 40 stakeholders in the pesticides industry are expected to converge on the Knutsford Court Hotel in Kingston on May 31 to participate in a National Consultation on the Rotterdam Convention on the Prior Informed Consent Procedure on Certain Hazardous Chemicals and Pesticides in International Trade.These stakeholders will include representatives from the Ministries of Agriculture and Land, Local Government and Environment, Health and Labour and Social Security, Jamaica Customs, the pesticide industry, Petrojam, the United Nations Environmental Programme (UNEP), the bauxite industry and non-governmental organizations (NGOs).Organized by the Pesticides Control Authority (PCA), which is the designated national authority on the convention, the consultation will provide an opportunity to build public awareness among stakeholders as well to as encourage their involvement in the decision-making process in Jamaica.“The PCA responds to the Secretariat for the Rotterdam Convention on behalf of Jamaica, but we are trying to get everybody involved and knowledgeable about what we are doing as far as the Convention is concerned,” Registrar of the PCA, Hyacinth Chin Sue Walters, told JIS News in an interview.As a party to the Convention and a developing country, Jamaica gains access to assistance for risk assessment and to information on chemicals that have been banned and severely restricted in other countries.The Convention aims to promote shared responsibility and cooperative efforts among countries in the international trade of certain hazardous chemicals in order to protect human health and the environment.Elaborating further on the consultation, the Registrar said it would go a long way in helping stakeholders to discern what sections of the Convention would impact on their activities and how they could possibly make a contribution to its implementation.“We also expect that persons will see why it is important to be aware of some of the dangers posed by chemicals and the importance for them to practice safety measures to ensure they do not expose themselves,” she told JIS News.“Once persons are aware, then those who are exposing themselves to chemicals will not only be on the lookout, but they will be more willing to wear the recommended protective gear among other suggested responses,” she continued. Speaking of other outcomes from the consultation, Mrs. Chin Sue Walters said that she expected that the participants would inform the PCA about any problems they might be having with particular chemicals. “They need to report it so that we can take decisions whether or not to use that chemical in Jamaica,” she noted. The consultation will coincide with Poison Prevention Week, which is being observed from May 28 to June 3. The Registrar told JIS News that the observance was to support the efforts of the Caribbean Poison Information Network (CARPIN), which is a key stakeholder in chemical management, in that it monitors cases of poisoning, among other things.The proceedings will get underway at 9:00 a.m. For those persons who are interested in attending, Ms. Chin Sue Walters said that they should contact the PCA at 967-1101/3. “We will definitely try to accommodate persons who express an interest,” she said.last_img read more

Gov’t Urged to Make Allocation in the Budget to Address Women’s Issues

first_imgGov’t Urged to Make Allocation in the Budget to Address Women’s Issues Gender AffairsMarch 10, 2010 Resident Coordinator of the United Nations (UN) Country Team in Jamaica, Mr. Minh Pham, has proposed that the Government begin making special allocations in the national budget to deal with women’s issues.Mr. Pham made the recommendation at a discussion forum put on by the UN Country Team and the Bureau of Women’s Affairs on March 8, at the Jamaica Conference Centre in Kingston. The forum was part of activities to mark International Women’s Day, which was observed under the theme: ‘Equal Rights, Equal Opportunities: Progress for All’.He extended commendations to Jamaica on behalf of the UN, saying the Jamaican Government had taken several significant steps towards achieving gender equality. He noted that Jamaica’s national development plan, Vision 2030, includes a Gender Sector Plan and that the National Gender Policy, when enacted, will further promote gender equality and women’s empowerment.However, he said there are still many hurdles faced by women and that the global food, fuel, and economic crises have worsened the condition of life for women, especially, threatening the achievement of the Millennium Development Goals.“Overall, we strongly believe that public policies have a significant impact on gender regardless of the level of overall economic development. As such, I’m proposing that as part of each annual budget debate, a review and analysis of expenditure, specifically allocated to women’s issues be undertaken. This, with the clear aim to inform the country’s budget deliberations and allocation for the subsequent year,” he suggested. FacebookTwitterWhatsAppEmail RelatedGov’t Urged to Make Allocation in the Budget to Address Women’s Issues RelatedGov’t Urged to Make Allocation in the Budget to Address Women’s Issuescenter_img RelatedGov’t Urged to Make Allocation in the Budget to Address Women’s Issues Story HighlightsResident Coordinator of the United Nations (UN) Country Team in Jamaica, Mr. Minh Pham, has proposed that the Government begin making special allocations in the national budget to deal with women’s issues.Mr. Pham made the recommendation at a discussion forum put on by the UN Country Team and the Bureau of Women’s Affairs on March 8, at the Jamaica Conference Centre in Kingston. The forum was part of activities to mark International Women’s Day, which was observed under the theme: ‘Equal Rights, Equal Opportunities: Progress for All’.He extended commendations to Jamaica on behalf of the UN, saying the Jamaican Government had taken several significant steps towards achieving gender equality. He noted that Jamaica’s national development plan, Vision 2030, includes a Gender Sector Plan and that the National Gender Policy, when enacted, will further promote gender equality and women’s empowerment. Advertisementslast_img read more

Mining Minister Focuses on Limestone

first_imgRelatedMining Minister Focuses on Limestone FacebookTwitterWhatsAppEmail Mining Minister Focuses on Limestone MiningMarch 27, 2012Written by: Allan Brooks Story HighlightsMinister of Science, Technology, Energy and Mining (STEM), Hon. Phillip Paulwell, while seeking to restore the bauxite and alumina industry to its pre-eminent position, has his eyes sharply focused on “unleashing the potential of Jamaica’s limestone.”During his recent introductory meeting with the newly installed Clarendon Alumina Productions Board at the offices of the Jamaica Bauxite Institute in Kingston, the Minister alluded to the Planning Institute of Jamaica’s (PIOJ) Sector Plan for Mining and Quarrying.The PIOJ has identified mining and quarrying as one of the strategic priority areas of the ‘Vision 2030 Jamaica – National Development Plan’. Minister of Science, Technology, Energy and Mining (STEM), Hon. Phillip Paulwell, while seeking to restore the bauxite and alumina industry to its pre-eminent position, has his eyes sharply focused on “unleashing the potential of Jamaica’s limestone.”During his recent introductory meeting with the newly installed Clarendon Alumina Productions Board at the offices of the Jamaica Bauxite Institute in Kingston, the Minister alluded to the Planning Institute of Jamaica’s (PIOJ) Sector Plan for Mining and Quarrying.The PIOJ has identified mining and quarrying as one of the strategic priority areas of the ‘Vision 2030 Jamaica – National Development Plan’.“Jamaica’s limestone resources are by far the largest mineral resources possessed by the country and the mineral is fast becoming the most commonly used substance with the most diverse end use structure of any industrial material,” Mr. Paulwell  said.Echoing the Minister’s sentiments, industry sources indicate that Jamaica, with its abundance of the mineral, can attract major companies which may be prepared to invest heavily in the Jamaican limestone industry on the basis that they have the market for US$1 billion worth of exports over the next five years.The studies indicate that Jamaica’s bauxite/alumina industry is in its mature stage, with recent problems of fluctuating demand and declining reserves. A year  ago, Mining Ministry sources indicate that at a mining rate of 15 million tonnes per year, known (accessible) reserves are expected to last for 40 years.By contrast, the Jamaican non-metallic minerals sub-sector is still in the early stages of its economic development and growth.Jamaica’s most abundant mineral is limestone, with a volume of approximately 50 to 60 billion tonnes. Limestone deposits in Jamaica account for 65 per cent  of the island by weight, and 85 per cent of its surface coverage. A high proportion of Jamaica’s limestone is considered“high purity grade.”Most of  the country’s  limestone output is used in the local construction industry as well as in the manufacture of calcined and hydrated lime for various applications, such as bauxite refinement, flocculants, fillers and agricultural purposes.The Mining and Quarrying Sector Plan provides for the “development of  a world-class minerals sector that: increases the value of the nation’s mineral resources by developing higher value production; is guided by responsible environmental stewardship with minimal harmful environmental impacts; contributes to the sustainable development of mining communities; and ensures the health and safety of workers.”center_img RelatedMining Minister Focuses on Limestone RelatedMining Minister Focuses on Limestone Advertisementslast_img read more

Most Read of 2018: Accidental acceleration leaves car suspended over 4th Street

first_imgTags :Santa Monicashare on Facebookshare on Twitteradd a commentMost Read of 2018: Shooting investigation at Cloverfield/I-10Most Read of 2018: Smoke and ash hit Santa MonicaYou Might Also LikeFeaturedNewsBobadilla rejects Santa Monica City Manager positionMatthew Hall9 hours agoNewsCouncil picks new City ManagerBrennon Dixson19 hours agoFeaturedNewsProtesting parents and Snapchat remain in disagreement over child protection policiesClara Harter19 hours agoFeaturedNewsDowntown grocery to become mixed use developmenteditor19 hours agoNewsBruised but unbowed, meme stock investors are back for moreAssociated Press19 hours agoNewsWedding boom is on in the US as vendors scramble to keep upAssociated Press19 hours ago HomeNewsMost Read of 2018: Accidental acceleration leaves car suspended over 4th Street Dec. 24, 2018 at 5:00 amNewsMost Read of 2018: Accidental acceleration leaves car suspended over 4th StreetAngel Carreras2 years agoSanta Monica Editor’s Note: This story originally ran Jun. 11. It is republished here as part of our year-end coverage.A car broke through part of the safety cables in Parking Structure 5 (1440 4th Street) Monday morning and was suspended over 4th Street for about an hour while firefighters worked to secure the vehicle.Lieutenant Saul Rodriguez of the Santa Monica Police Depart said the elderly driver inadvertently pressed the accelerator instead of the brakes sending the car over the edge. The driver was helped out of the vehicle by a bystander who witnessed the incident.Despite the danger, Rodriguez said the driver was doing fine, and not injured in any way.According to Captain Patrick Nulty, with the Santa Monica Fire Department (SMFD), firefighters received the call at about 10:30 a.m. and responded within 5 minutes 47 seconds. He said members of the Urban Search & Rescue Team found the late model Honda Civic extending out of the parking structure, held in place only by steel barrier cables.Two tow trucks were requested to help with the vehicle recovery. One used a winch to raise the front end of the car level with the parking structure floor while the other pulled the car horizontally back into the building. Firefighters had to break a window in the car to allow a chain to be passed through for the winch harness.The car was secured and the scene cleared at about 11:45 a.m.SMFD said 25 Firefighters responded with assistance from the Santa Monica Police Department and the Pacific Tow Company of Santa Monica.last_img read more

T-Mobile, UPC offer concessions on Austria deal

first_img Steve works across all of Mobile World Live’s channels and played a lead role in the launch and ongoing success of our apps and devices services. He has been a journalist…More Read more T-Mobile US hails nationwide home internet service Blog Home T-Mobile, UPC offer concessions on Austria deal Author Tags Steve Costello Relatedcenter_img The European Commission extended the review period for T-Mobile Austria’s acquisition of cable company UPC Austria – which was due to be completed this week – after the former offered concessions to get the deal a green light.T-Mobile announced its deal to acquire the cable company – a subsidiary of Liberty Global – in December 2017. It said it would create an integrated provider of mobile and fixed broadband and telephony, TV and entertainment services, and a “strong converged challenger and alternative” to market leader A1 Telekom Austria.It is not clear where the regulators are likely to look for concessions, due to the complementary mobile and fixed nature of the two companies, although UPC does have an MVNO business with around 73,000 customers and also has some wholesale deals in place.The deadline has now been extended to 9 July. T-Mobile US readies 5G FWA business move AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 26 JUN 2018 Previous ArticleT-Mobile extends parental controls beyond cellularNext ArticleTelecom Italia backs CEO after media storm Blog: Why Dish could break new ground for public cloud and open RAN AustriaT-Mobilelast_img read more

AT&T waives mobile customer data fees on HBO Max

first_img Tags AT&T defended a decision to include its new HBO Max video streaming service in a controversial zero-rating programme, allowing its mobile customers to view content without incurring data charges.An operator representative told Mobile World Live HBO Max is being offered as part of its Sponsored Data programme, a move it said will “save money for millions of consumers”. The streaming service launched on 27 May.In 2017, the Federal Communications Commission derided AT&T’s zero-rating programme and others like it for allegedly favouring operator-owned services.However, net neutrality protections against blocking, throttling and paid prioritisation were repealed in December 2017, leaving no legal impediment for future offers.The AT&T representative defended the Sponsored Data scheme, noting it offers the same terms to any company which wants to “sponsor data for their customers”.“We continue to support an open internet and have done so for more than a decade.”On its Q4 2019 earnings call, AT&T executives outlined plans to use HBO Max as a tool to drive tariff upgrades and higher revenue in its mobile division. Subscribe to our daily newsletter Back AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 02 JUN 2020 US chip funding tipped to top $150B HBO Max tops US video streaming uptake Diana is Mobile World Live’s US Editor, reporting on infrastructure and spectrum rollouts, regulatory issues, and other carrier news from the US market. Diana came to GSMA from her former role as Editor of Wireless Week and CED Magazine, digital-only… Read more Home AT&T waives mobile customer data fees on HBO Max Author Related Diana Goovaerts Previous ArticleFormer T-Mobile exec to lead Dish 5G chargeNext ArticleMalaysia skips 5G tender Amazon reels in MGM AT&THBOzero-ratinglast_img read more

Glenties Playground to receive much needed funding injection

first_imgAudioHomepage BannerNews WhatsApp By News Highland – November 18, 2019 Journey home will be easier – Paul Hegarty Harps come back to win in Waterford Google+ Google+ Twitter It has been confirmed that funding has been secured and issues of concern have been resolved for Glenties Playground.It follows challenges faced by the Glenties Playground Committee surrounding insurance costs and the running of the facilityThe playground was originally constructed through local funding, Leader & Lottery grants and the local authority was not in the position to cover insurance costs.The funding secured will be used to carry out repairs and a notice of motion to takeover the playground will be submitted to the Council.Deputy Pat the Cope Gallagher Leas Cheann Comhairle and local County Councillor Anthony Molloy are pleased to confirm the funding.Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2019/11/playgrhghgfhgfhfoundpat.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Previous article“Geraldine McLaughlin was a shoe-in for an All-Star”- Paddy HunterNext articleInnovative and imaginative ‘Atlas for a City Region’ project launched in Harvard News Highland Pinterest WhatsAppcenter_img Facebook FT Report: Derry City 2 St Pats 2 Consultation launched on proposal to limit HGV traffic in Clady Glenties Playground to receive much needed funding injection RELATED ARTICLESMORE FROM AUTHOR 45 new social homes to be built in Dungloe Facebook Twitter Derry draw with Pats: Higgins & Thomson Reaction Pinterestlast_img read more

Embattled Douglas D.A. Announces Retirement

first_imgAdd to My List In My List For Whom The Bell Rings Share Related Stories Douglas County District Attorney David McDade is retiring from office at the end of this month.McDade has recently been the subject of a probe by the Georgia Bureau of Investigation, an investigation McDade requested after allegations of improper spending of forfeited funds and employees’ use of county vehicles.The GBI says its probe is complete but has not announced the results. Legal Advocate Discusses Medical Abuse At Shut Down Georgia ICE Facility ‘It’s Fractured’: Georgia Lt. Gov. Geoff Duncan On Healing Republican Partylast_img read more