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EFAMA, ICMA: ‘no systemic risk’ from leverage in EU-based funds

first_imgLevels of leverage have remained constant in recent years and there has been no systemic risk related to the use of leverage in EU-domiciled funds, according to the associations.The Financial Stability Board has been investigating whether the asset management sector could pose a danger to financial stability, with leverage forming part of its concern about systemic risk in investment funds.Earlier this year it set out policy recommendations for tackling “structural vulnerabilities” of asset managers, with leverage one of the risks covered. The International Organization of Securities Commissions (IOSCO) has been charged with evaluating the recommendations and considering next steps.Peter de Proft, EFAMA director general, said European regulation was “a cutting-edge framework at global level and [we] hope that IOSCO and the FSB use it as the benchmark and starting point for their work”.“This will allow them to deliver their mandate and propose a consistent matrix of different measures that can capture the broad universe of fund vehicles and investment strategies,” he said.Martin Scheck, chief executive of ICMA, said there was an “advanced technical framework already in place in Europe”.“We believe this work should help the ongoing debate on systemic risk in investment funds and should promote sensible solutions based on existing rules and practices,” he said.The associations recommended that existing EU regulatory standards should be the basis for developing a “matrix” of different measures of leverage and risk.“No single measure can capture all the risk in nature, size and characteristics associated with a fund’s underlying assets and strategies,” the associations argued.EFAMA and ICMA added: “Not all funds are relevant from a systemic point of view. In fact, very few of them present characteristics that need a more detailed scrutiny… Second, we should not forget that – at least in Europe – the risk that investment funds represent for their counterparts is already addressed by reporting requirements to national regulators. In addition, such risk is also addressed by prudential requirements in other existing regulatory frameworks that apply in combination with the regulation on leverage.”They also recommended that the existing EU framework guide any further streamlining of global calculation methodologies for leverage and risk.The paper can be found here. Global regulators’ work on leverage and systemic risk in investment funds should use the existing European regulatory framework when addressing these issues, according to two European industry associations.In a joint report, the European Fund and Asset Management Association (EFAMA) and the asset management and investors council of the International Capital Market Association (ICMA) argued that the European legislative regime “offers a robust framework” to address risks related to leverage in investment funds.The associations said EU rules for alternative investment fund managers and UCITS funds had “allowed regulators to ascertain that leverage levels remained relatively low and constant over time and that wider regulatory framework governing European investment funds has not led to potential systemic risk occurring in EU-domiciled investment funds since the crisis”.Citing rules and legislation for UCITS, alternative investment funds, and derivatives, EFAMA and ICMA said European regulators were already able to assess levels of leverage in funds and “take appropriate supervisory actions”.last_img read more

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Dominican students named among the most active in the Caribbean

first_img Share Sharing is caring! 38 Views   no discussions Share LocalNews Dominican students named among the most active in the Caribbean by: – November 30, 2011center_img Food Policy Analyst of the Caribbean Food and Nutrition Institute, Mrs. Beverly LawrenceA survey has shown that Dominican students are among the most active in the Caribbean.Food Policy Analyst at the Caribbean Food and Nutrition Institute Mrs. Beverly Lawrence says while this may be so, less than 25% percent are participating in moderate activities.Mrs Lawrence was addressing a one day consultation geared at drafting an evaluation plan for school feeding programs.“The statistics show that Dominican students are more active than most of the others in the Caribbean but that still don’t mean they are doing enough exercise. There is a need to incorporate sports in schools at a very early age and maintain it throughout the school life,” she advised.Meantime Lawrence says there are three broad areas that school feeding programs should be set within. “Even if a school does not have a school feeding program, snacks available at the school should always be healthy. School based nutrition education should be a part of that program, the provision of a supportive environment within the home and community is also important,” she said.According to the Food Policy Analyst, while efforts are being made to develop nutrition standards within the schools system, some countries are still behind.Dominica Vibes News Tweet Sharelast_img read more

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Post your FREE Garage Sale ads here

first_imgBy Tracy McCue, Sumner Newscow — It is a garage sale weekend. And the world needs to know you are having one. Go ahead and post your garage sale in the “comment” section below. We will remind the shopping troops on Friday about your sale.Happy bargain selling and hunting!Follow us on Twitter. Close Forgot password? Please put in your email: Send me my password! Close message Login This blog post All blog posts Subscribe to this blog post’s comments through… RSS Feed Subscribe via email Subscribe Subscribe to this blog’s comments through… RSS Feed Subscribe via email Subscribe Follow the discussion Comments (13) Logging you in… Close Login to IntenseDebate Or create an account Username or Email: Password: Forgot login? Cancel Login Close WordPress.com Username or Email: Password: Lost your password? Cancel Login Dashboard | Edit profile | Logout Logged in as Admin Options Disable comments for this page Save Settings Sort by: Date Rating Last Activity Loading comments… You are about to flag this comment as being inappropriate. Please explain why you are flagging this comment in the text box below and submit your report. The blog admin will be notified. Thank you for your input. +1 Vote up Vote down CueballSumnernewscow 94p · 317 weeks ago OK, gang, this is all you have to do. Write up your garage sale and submit it as a comment. Write as much as you like and you won’t pay one cent! Example: Joe Blow at 100 North New York Avenue is having a garage sale for the Wellington Citywide. We will start the sale at 6 a.m. and run through noon Saturday. We will be offering a variety of stuff including clothes, furniture and a beautiful hand-woven rug. We will also be giving out free lemonade. Call us at 888-888-8888 if your have any questions. Hope to see you there! Report Reply 0 replies · active 317 weeks ago 0 Vote up Vote down SUSAN TREFT · 317 weeks ago PHASE 2 OF THE METZEN/TREFT SALE–THURSDAY JULY 17TH FROM 5-8:00, 107 N. WASHINGTON. LOTS OF EVERYTHING!!!!! ANTIQUES, FURNITURE, HOME & CHRISTMAS DECOR AND MUCH MUCH MORE!!!!!! CASH SALES ONLY PLEASE. Report Reply 0 replies · active 317 weeks ago 0 Vote up Vote down Woodring · 317 weeks ago Garage Sale Fri-Sat July 18th & 19th 8:00am till 3:00pm at 14 Crestway. Vintage Dishes, Sewing Machine, Bass Boat, Electric & Gas Welders, Tools, Coleman Campiong Stove, Lanterns, Heaters, Lots of Fishing Gear, Hunting Jacket & Vest, 57 Chevy Parts & more. Report Reply 0 replies · active 317 weeks ago 0 Vote up Vote down Kathy Riggs · 317 weeks ago Wheat Country Mini Storage Garage Sale – Unit No. 5 Pickup tool boxes, entertainment center, book shelf, baby items, changing table, bumbo, women’s clothing, large medicine cabinet, lots of scrubs, electric push mower, safari decor, jewelry, indian decor & LOTS OF MISCELLANEOUS. Don’t miss this sale. Saturday, July 19th from 8 to noon. Cash sales only. Report Reply 0 replies · active 317 weeks ago -1 Vote up Vote down Cornejo · 317 weeks ago Garage Sale 1221 Highland Ct. Friday July 18th 5 – 7 pm and Saturday July 19th 8 am – 12 pm. Girls clothes size 2T – 6X, Boys clothes size 2T – 8 years, Men’s and Women’s clothing, lots of toys, shoes and miscellaneous. Report Reply 1 reply · active 317 weeks ago 0 Vote up Vote down Floyd Kabureck · 317 weeks ago Billie Kabureck estate sale Porcelain dolls , old magazines, books, tools and lots of misc, 1217 N.Jefferson Friday July 18th, 6p.m. to dark , Sat July 19th, 8a.m. to ? every need to go Report Reply 0 replies · active 317 weeks ago 0 Vote up Vote down rs rogers · 316 weeks ago Garage sale inside:715 n Woodlawn: big screen tv, rear projection, furniture Report Reply 0 replies · active 316 weeks ago 0 Vote up Vote down Chris Kenemore · 316 weeks ago Big sale, 1923 Adams st. Friday July 25, Sat July 26 8am till ? both days. lotsa housewares, furniture, collectables. Tons of misc. few apliances. Report Reply 0 replies · active 316 weeks ago 0 Vote up Vote down Hubert Sawyer · 316 weeks ago Garage Sale on the alley: 812 W. 8th, Saturday July 26th, 8am until Noon. DO NOT PARK IN OR BLOCK THE ALLEY! PARK ON POPLAR! (2) 4 drawer file cabinets, (2) 2 drawer file cabinets, office supplies, HO scale trains and accessories, Toro mini rototiller and other miscellaneous. Report Reply 0 replies · active 316 weeks ago 0 Vote up Vote down Rhe · 316 weeks ago Garage Sale- 664 10th Ave N. Across from Wal-Mart. Friday July 25th 3-7 pm & Saturday July 26th 8-11 a.m. Kids clothing, toys, double stroller, housewares, desks and much more Report Reply 0 replies · active 316 weeks ago 12Next » Post a new comment Enter text right here! Comment as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Submit Comment Subscribe to None Replies All new comments Comments by IntenseDebate Enter text right here! Reply as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Cancel Submit Comment Subscribe to None Replies All new commentslast_img read more

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