Changes for credit rating agencies would align rules with global standards

first_imgJames Langton Canadian securities regulators are proposing a series of rule changes that would bring their oversight of credit rating agencies in line with the requirements adopted by global regulators. The Canadian Securities Administrators (CSA) published on Thursday a set of proposed rule changes, with comments due by Oct. 4. The proposals are intended to align the Canadian regime with the latest version of the code of conduct issued by the International Organization of Securities Commissions (IOSCO), and new European Union (EU) requirements. “If the proposed amendments relating to EU equivalency and the IOSCO code revision are enacted, investors may benefit from the additional safeguards … that [regulated rating agencies] will be required to follow,” the CSA says in its notice setting out the proposed changes. In particular, the CSA highlights additional measures to protect the integrity of the rating process, ensure that investors and issuers are treated fairly, and safeguard confidential material information provided by issuers. “We believe it is important that Canadian rules reflect the high standards of the IOSCO code,” said Louis Morisset, chair of the CSA and president and CEO of the Autorité des marchés financiers (AMF). The CSA is also seeking revisions to its rules to bring its requirements in line with the EU rules. The goal is to ensure that the EU continues to recognize the Canadian regime as “equivalent”, which would allow Canadian ratings to continue to be used in Europe after the new EU requirements come into effect on June 1, 2018. “Continued EU equivalency is important for Canadian issuers that pay for such a credit rating and sell their rated securities to EU investors, investment dealers that structure cross-border transactions involving rated securities of Canadian issuers on the basis of EU equivalency, and institutional investors that use such a credit rating for regulatory purposes in the EU,” it says. The CSA notes that certain rating agencies have already revised their policies and procedures to comply with the latest edition of the IOSCO code, and the EU rules. At the same time, the CSA is also proposing amendments to certain rules designed to recognize the credit ratings of Kroll Bond Rating Agency, Inc. for issuers of asset-backed securities. “At this time, CSA staff do not anticipate proposing that Kroll be designated as a [regulated rating agency] for purposes of other credit rating provisions in securities rules and policies,” it says. Keywords Credit ratingsCompanies Canadian Securities Administrators ESG ratings need regulation: ESMA Related newscenter_img Facebook LinkedIn Twitter Premature retraction of government supports poses risks Share this article and your comments with peers on social media ESMA sanctions Moody’s for conflict violationslast_img read more

National Approach To Stevedore Infrastructure Charges

first_imgNational Approach To Stevedore Infrastructure Charges VIC PremierThe Victorian and New South Wales Governments have welcomed an agreement between the states and territories to develop voluntary national guidelines for stevedore infrastructure and access charges.Infrastructure and access charges have been implemented and charged by stevedores to transport carriers for the pickup and drop off of import and export containers.Australia’s Infrastructure and Transport Ministers endorsed a plan for the National Transport Commission to develop voluntary national guidelines for applying stevedore infrastructure and access charges at Australia’s container ports.Taking a national approach will support consistency between Australian ports.The development of these guidelines will provide greater certainty for both stevedores and landside transport operators and provide greater understanding of the benefits of investment in terminal facilities.The National Transport Commission, as the national land transport reform agency, will lead this work and will engage with industry and jurisdictions on developing the guidelines.This work will include consideration of Victoria’s Voluntary Performance Model at the Port of Melbourne.Draft guidelines will be provided to the Infrastructure and Transport Ministers for endorsement in 2021.Industry will continue to be updated and consulted as details on the project development timeframe become available.As stated by Victoria’s Minister for Ports and Freight Melissa Horne“Victoria’s commitment to fair pricing and transparency at our ports led to the development of a landmark voluntary port pricing model.”“The adoption of a similar, national model at ports around Australia will deliver consistency for the rest of the country’s producers, too.”As stated by NSW Minister for Transport and Roads Andrew Constance“We are pleased to have negotiated a national approach to developing voluntary guidelines as it will provide consistency and transparency for the transport industry.“The ultimate aim of the guidelines is to help improve efficiency and consistency for everyone who relies on our ports for the movement of freight.” /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:agreement, AusPol, Australia, Australian, Commission, efficiency, Government, industry, infrastructure, Investment, Melbourne, Minister, New South Wales, NSW, project, reform, Transport, Victorialast_img read more

Maths and science bursaries up for grabs

first_imgSOUTH AFRICA – Johannesburg Stock pictures, Sasol .Pictures by Simphiwe Mbokazi/African News Agency/ANA Sasol invites high-performing mathematics and science pupils currently in Grade 12 to apply for all-inclusive bursaries to study engineering, science and accounting degrees at approved public universities and universities of technology.The Sasol bursary covers costs such as tuition fees, accommodation, meals, textbooks and pocket money. Bursars also receive allowances for study tools such as laptops and calculators.Sasol is looking for pupils who want to study towards a B Eng or B Sc Eng in various engineering disciplines, BSc in Chemistry and Accounting (CA route) or pupils interested in studying instrumentation, mining survey and mechanical or electrical engineering at a university of technology.To apply, students must register online at www.sasolbursaries.com. Answer a few questions regarding your field and level of study.Applicants must log on and fill out the online application. Visit www.sasolbursaries.com for more information.Applications close on Tuesday April 30.last_img read more

Late Vees Comeback Falls Smoke Eaters In Overtime

first_imgWith just a minute remaining in overtime, David Silye banked a pass of the right-wing boards and was skated on to by Ryan Sandelin, who cut into the net on a breakaway and went to his backhand to lift the puck over a sprawled Marcoux to give the Vees a 4-3 overtime victory. Adam Marcoux turned aside 20 of the 24 shots he faced in the game in his 10th loss of the season while Derek Krall stopped 19 of the 22 shots thrown his way for his 3rd victory of the season. FINAL SCORE: 4-3 VeesSHOTS ON GOAL: 24-22 VeesSMOKE EATERS PP: 1/5SMOKE EATERS PK: 4/53 STARS:1) Ryan Sandelin (1-0-1)2) James Miller (1-2-3)3) Spencer McLean (1-0-1)Fortis Energy Player of the Game: Peter Muzyka (0-0-0)ATTENDANCE: 3,149The Smoke Eaters (8-10-4-2) return home to begin a three-game week with a midweek matchup against the Vernon Vipers (8-7-6-2) at the Trail Memorial Centre. It’s the first “Welcome Wednesday” of the season with tickets available for purchase at the Smoke Eaters front office as well as at the door ahead of the opening face-off, scheduled for 7 p.m.. The Trail Smoke Eaters got a late shorthanded goal from Spencer McLean but fell once again in overtime, dropping a 4-3 decision to the Penticton Vees on Saturday night at the South Okanagan Events Centre. The first period only had 10 shots to show on the score clock with offensive chances few and far between but it was the Vees who opened the scoring in the game at the 10:46 mark of the opening frame coming courtesy of David Silye. Luke Loheit had his shot from the right face-off circle stopped by Smoke Eaters netminder Adam Marcoux with the rebound being batted out of the air and past his glove side to give the Vees a 1-0 lead. Trail had an opportunity late in the period to try and even the score heading into the intermission as they earned a five-on-three-man advantage for the last 50 seconds of the frame, throwing a pair of shots on the Vees goal but goaltender Derek Krall turned those aside to keep the Vees ahead by a 1-0 margin.Although the Smoke Eaters were unable to score on the two-man power play, Trevor Zins got the game tied moments later just 22 seconds into the 2nd period. Zins took a wrist shot from the left-wing point that found its way through traffic and past Krall for his 6th goal of the season on the power play to get the score even at 1-1. It was another power play which changed the score of the game in the 2nd period as Penticton regained their lead with an extra man on the ice. James Miller crept down the left-wing side and threw the puck at the net before it was tipped through the legs of Marcoux from Eric Linell at the 5:00 mark to give the Vees a 2-1 advantage.Trail was able to get the game evened up once more at the 6:00 mark of the final regulation period as Michael Hodge walked down the right side and took a shot that got caught up in the air and batted in by Owen Ozar, who collected his 4th goal of the season and was able to get the game knotted up at 2-2.A Vees power play midway through the 3rd period helped the Smoke Eaters take their first lead of the game at the 10:28 mark with a shorthanded marker. James Miller had his point shot blocked and kick-started an odd man rush the other way with Spencer McLean dishing from the right wing to Jeremy Smith in the middle as he differed to go back to McLean as he beat Krall on the blocker side from the right face-off circle and his first goal of the season gave Trail a 3-2 lead with 9:32 remaining in regulation.Penticton got another power play late in the 3rd period which had some pressure and resulted in the score being tied just as the man advantage expired at the 18:21 mark of the 3rd frame with James Miller blasted a shot from the left side past Marcoux on the glove hand to even the game at 3-3 and force overtime.The Smoke Eaters had their best chance of the extra frame come at the 2:32 mark as Jeremy Smith was hooked from behind on a breakaway that resulted in a penalty shot. Smith tried to beat Krall with a backhand attempt but the Vees netminder kept the game alive. last_img read more

Telkom speeds up South Africa’s ADSL

first_img7 November 2013Telkom, South Africa’s main fixed line operator, is doubling broadband ADSL connection speeds for existing consumer and business customers, following its recently announced ADSL speed increases for the country’s internet service providers.The increased speeds will allow for improved video streaming, online gaming and video conferencing by reducing buffering and delays.Manelisa Mavuso, Telkom’s managing director of consumer services and retail, said in a statement announcing the latest speed increase last week: “Effectively, we are doubling the entry-level DSL speeds in the market.“This follows the evolution of capped services to SoftCap [access only to essential internet-based services after the customer’s cap has been reached], promotions on social media, gaming and movie packages, and differentiation of business and home usage products,” Mavuso said. “Customers currently on the SoftCap package will benefit from a double speed upgrade at no extra cost.“Telkom Internet is revising its data usage offers, especially on its uncapped products, to be in line with the improved DSL portfolio,” Mavuso added.“The improved quality does come with nominal fee adjustments for uncapped users, and depending on the customer’s specific package, that could mean either an increase or decrease in the overall monthly fee. Where there is an increase, it is important to note that this increase is far less than the actual value that customers are getting.”SAinfo reporterlast_img read more

Android vs. iOS From a Developers’ Perspective

first_imgAre you an iOS developer thinking about dipping your toe into the Android pool? If so, you should read developer Nick Farina’s post about his experience developing on Android after developing on iOS.Farina compares the development environment (he writes that you’ll hate Eclipse at first, but once you get used to it “you’ll enjoy some seriously amazing, productivity-boosting code completion, refactoring, and automatic fixing.”), provides slick side-by-side code comparisons (spoiler: Java and Objective-C look a lot alike) and addresses the fragmentation issue.Farina writes:Not that fragmentation is unique to Android; it’s just exaggerated a lot in the media. We need quite a few iOS devices in our lab too. One tiny unexpected OS or device difference can bring your app crashing down, on any platform.It seems that, once you get used to Eclipse the two platforms are pretty similar. The big differences are testing environments (though both end up requiring physical devices to do real testing) and the UI libraries. Android’s XML-based UI tools make for much easier development, even though it’s just one more thing to learn. But Apple’s GPU support makes for much smoother animation. klint finley Tags:#hack#tips 7 Types of Video that will Make a Massive Impac… Related Posts center_img Why You Love Online Quizzes Growing Phone Scams: 5 Tips To Avoid How to Write a Welcome Email to New Employees?last_img read more

Viadeo Launches Developer Contest With $20,000 Prize

first_img7 Types of Video that will Make a Massive Impac… We’ve written before about Viadeo, a business-oriented social network. Today they announced opening up their API and to get folks interested, they are starting a contest for the best app developed on their platform. The contest will run until October 14, and the top winner will receive 10 large plus a year of free service on their site.“By tapping into Viadeo’s social graph, third party developers can create more compelling applications–opening up new markets and delivering enhanced business capabilities. Some examples of applications that can be socially enhanced are collaborative workspace tools, CRM, email clients and social aggregators to name a few,” according to the announcement. There are lots of examples on Viadeo’s developer site.Submissions will be reviewed by the judging panel from October 15-20 with the winners announced on October 24. david strom How to Write a Welcome Email to New Employees? Why You Love Online Quizzescenter_img Related Posts Growing Phone Scams: 5 Tips To Avoid Tags:#hack#Hack of the Day#news last_img read more

Secure patches via Intel vPro

first_imgAt ManageFusion Orlando and in The Hague, we did a hands-on lab which combined Intel vPro System Defense capabilities, customized network filter from Altiris, and Altiris Software Delivery to securely update a client(summary available at http://juice.altiris.com/node/5721)One of the attendees pointed out the following real-world challenge: They are migrating from one security solution to another. This will temporarily expose their client systems to attacks. With the capability to do secure updates – as noted in the lab – they are much better positioned to do to the migration for vPro\AMT enabled systems.If you’re unsure what 5 minutes “in the open” can do to unsecure client – read the following news article entitled “Malicious ‘botnets’ turn PCs into ‘zombie’ slaves” – http://www.oregonlive.com/business/oregonian/index.ssf?/base/business/1224564910237820.xml&coll=7 Another attendee provided more reference to how they could use this. A classic “chicken/egg” problem – if a client is out of compliance or infected, it must be patched. The patch solution is on the production network, yet corporate policy states systems out of compliance are placed on an isolated or remediated network. So – how do you patch a client to which the production software delivery server cannot connect? Sneaker-net shouldn’t be the answer… especially when the target client system is far outside the building you’re in.The key to remember about this use case – the System Defense filters must allow communications on the software delivery network ports. The Altiris Juice article above provides references on this is done in a Symantec\Altiris environmentlast_img read more

HubSpot Launches Free Marketing Event Directory

first_img subscribe to this blog Marketing Hubs Free Download: Inbound Marketing Kit or and our Learn more about inbound marketing and how to combine blogging, SEO and social media for results. marketing events directory form Inbound Marketing LinkedIn Group , Inbound Marketing University Learning and networking are two important components to being a great inbound marketer.  Both of these aspects of marketing can happen both online and offline. At HubSpot we have invested some of our time helping marketers learn better online through efforts that include . . Today we are announcing a new effort to help marketers learn and network offline. Starting today event organizers for marketing related events will be able to . for free to the HubSpot Inbound Marketing Events Calendar Don’t forget to share this post! AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to Email AppEmail AppShare to LinkedInLinkedInShare to MessengerMessengerShare to SlackSlack Marketers looking to find interesting events to attend can simply visit the To have your event included on the calendar and the monthly blog post, please submit your event on our Download our Inbound Marketing inbound marketing kit . Each month we will publish a blog post highlighting awesome marketing events that are listed on our . The HubSpot team will organize event submissions by each month and also include any available discount codes available for use by HubSpot readers. Internet Marketing Blog , , Ebooks, Inbound Marketing Events Calendar Webinars Facebook Page submit marketing events Topics: Originally published Nov 3, 2010 3:00:00 PM, updated March 21 2013 . events calendar ,last_img read more