Tuesday 25 September 2018 12:42 pm Jessica Clark The move, which is effective immediately, will see current LCH Group chairman Lex Hoogduin step down after three years in the role. Read more: Activist Hohn reduces stake in London Stock Exchange GroupThe business has become central to debates about the impact Brexit will have on the finance industry, as LCH clears 90 per cent of Euro denominated contracts and some EU policymakers are keen for the unit to be moved into the single currency area. Bailey, who has 30 years of experience in the financial services sector, will also join the LSE group board as an independent non-executive director along with Citi head of regulatory and market strategy Ruth Wandhofer. London Stock Exchange Group chairman Donald Brydon said: “Marshall’s knowledge, gained from Board and management positions in the UK and around the world, will allow him to offer valuable commercial and regulatory insight to LCH Group and LSEG. whatsapp whatsapp “Ruth’s background in regulatory and technology change within complex businesses will be of great benefit to the Group as we continue to develop our global business.“I would like to thank Professor Lex Hoogduin for his commitment and significant contribution in his role as a Non-Executive Director of LSEG and as Chairman of LCH Group Limited over the past three years. I am pleased that the Group will continue to benefit from his experience as Chairman of LCH Ltd and LCH SA.”Read more: Insurer D&G weighs up return to London Stock Exchange LSE Group appoints financial services veteran Marshall Bailey as LCH Group chairman Share Tags: Brexit Company London Stock Exchange Group by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorymoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutBetterBe20 Stunning Female AthletesBetterBeZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldMedical MattersThis Picture Shows Who Prince Harry’s Father Really IsMedical MattersMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailGive It LoveThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayGive It LoveWTFactsHe Used To Be Handsome In 81s Now It’s Hard To Look At HimWTFacts London Stock Exchange Group has appointed financial services veteran Marshall Bailey as chairman of its clearing business LCH Group.
Share Today’s City Moves includes Investec, FSMB and Smiths Group. FMSB Friday 26 July 2019 12:25 am The FICC Markets Standards Board (FMSB) has announced the appointment of Martin Pluves as its new chief executive officer. Martin joins FMSB from LCH Group, where he was CEO since 2015. During his tenure there, the company has delivered record growth in revenues and volumes across its clearing services, including at Swapclear, the largest OTC rates liquidity pool. Martin’s responsibilities included operations in London as well as in Australia, Japan and North America. Before joining LCH, Martin spent 14 years at PA Consulting where he was elected a partner in the financial services practice and was a member of the management group. Investec Investec Corporate and Investment Banking has announced the appointment of Ajeeth Narayan as global head of Investec Aviation Finance. Mike Francis will be executive lead of the Aviation Finance franchise, and Celia Britt will become chief operating officer. Ajeeth and Mike were two of the four founders of the Investec Aviation Finance franchise in 2002, and have been with Investec ever since. Celia joined Investec in 2005, and most recently managed the aviation portfolio. Investec Aviation Finance has grown to $6bn (£4.8bn) of aircraft assets under management and in 2018 launched a new aircraft leasing equity fund. Investec has also pioneered the aviation debt fund product, attracting over $1.2bn of investment from third party financial institutions including pensions and insurance companies. whatsapp Pam Cheng has been appointed an independent non-executive director at Smiths Group, which will take effect from 1 March 2020. On joining the board, Pam will become a member of the nomination & governance, audit & risk, and remuneration committees. Pam joined Astrazeneca in June 2015 after having spent 18 years in global manufacturing, supply chain and commercial roles at Merck/MSD. Before that she was president of MSD China. She was the head of global supply chain management & logistics for Merck from 2006 to 2011 and led the transformation of Merck supply chains across the global supply network. Prior to joining Merck, she held various engineering and project management positions at Universal Oil Products, Union Carbide Corporation and GAF Chemicals. Pam is also an independent non-executive director of the US listed company Codexis. She holds bachelor’s and master’s degrees in chemical engineering from Stevens Institute of Technology in New Jersey and an MBA in marketing from Pace University in New York. More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgConnecticut man dies after crashing Harley into live bearnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comWhy people are finding dryer sheets in their mailboxesnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com City MovesSend your appointments to [email protected] City Moves for 26 July – Who’s switching jobs at Investec, FSMB and Smiths Group? Main image credit: Getty whatsapp Smiths Group
Share Monday 26 January 2015 8:19 pm whatsapp whatsapp Show Comments ▼ More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com Express KCS Tinder and Betfair hook up with “Dave”, “Ed”, “Nick” and “Nige” profiles to lure “disengaged, tech-savvy voters” With now less than 100 days until the General Election, all eyes will be on the polls – but which survey should you trust? Well, if you’re not a political animal – and would rather base your vote on shared food choices and notches on the bedpost than actual policy decisions – Betfair may have the answer for you. Teaming up with matchmaking app Tinder, the online bookmaker created four mock profiles of party leaders “Dave”, “Ed”, “Nick” and “Nige”, complete with profiles from their university days. In the course of five days, bookies “swiped right” to show their appreciation for each man 100 times a day, to make sure the poll was proportionate. Betfair’s tongue-in-cheek descriptions of the four party political leaders drew an amused response from Tinder users Judging by these results, David Cameron and the Bullingdon Club credentials described in his profile are on a path to victory. While Cameron, whose bio reads that he “prefers watching TV rather than being on it”, secured 257 matches; his coalition partner Nick Clegg, who is “currently in a difficult relationship on the verge of break up” won 172 matches. Ed Miliband, a “lover of bacon sandwiches”, scored an impressive 223 matches while Ukip’s “Nige” Farage could only rack up 112, possibly because he “doesn’t like European food”. Though Betfair described Tinder users as “an audience of potentially disengaged, tech-savvy voters”, some clearly wanted to delve deeper than the leaders’ youthful appearances. While one of “Dave’s” matches asked: “Have you got a long term economic plan for how hardworking our relationship will be?”, a potential Farage partner quipped: “I’m not a local though – will that be a problem?”. Tags: General Election 2015 Paddy Power Betfair Tinder
STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. [email protected] By Sharon Begley Aug. 31, 2018 Reprints First CRISPR clinical trial backed by U.S. companies launches What is it? What’s included? Molecular structure of hemoglobin. Adobe About the Author Reprints GET STARTED Log In | Learn More Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr. The first clinical trial of CRISPR-Cas9 sponsored by U.S. companies has launched, testing the genome-editing technique in patients with the blood disorder beta thalassemia, according to an announcement posted Friday on the U.S. clinical trials website.The Phase 1/2 clinical trial, co-sponsored by Vertex Pharmaceuticals and using an experimental treatment from CRISPR Therapeutics, will be conducted at a single hospital in Regensburg, Germany, and aims to recruit up to 12 adults with the inherited disease. Although it was only a matter of time before the start of the first company-sponsored CRISPR clinical trial, Editas Medicine’s experimental treatment for a rare form of blindness was widely expected to be the first in the clinic. Unlock this article — plus daily coverage and analysis of the biotech sector — by subscribing to STAT+. First 30 days free. GET STARTED Tags biotechnologyCRISPR Sharon Begley Senior Writer, Science and Discovery (1956-2021) Sharon covered science and discovery. @sxbegle Biotech
News News North Korea Market Price Update: June 8, 2021 (Rice and USD Exchange Rate Only) NewsEconomy Choi Song Min RELATED ARTICLESMORE FROM AUTHOR SHARE Facebook Twitter News By Choi Song Min – 2016.02.03 4:23pm Fragile habitats devastated by fisheries push There are signs that North Korea is running into serious difficulties with its corn harvest Following Kim Jong Un’s calls for thenation to glean all it can from what the young leader dubbed an “ocean of abundance,” the subsequent and sustained pursuit by North Korea’s fisheries legs to scour the surrounding seas has caused widespread damage to its marine resources.“Recently, the Cabinet’s Ministry of Landand Environment Protection published a report on the ocean ecosystem andpreservation of marine habitats,” a source from North Hamgyong Province toldDaily NK on January 27. “According to the report, fish populations had been returningto healthier levels in the West Sea [Yellow Sea] but these destructive practices exercised by thefisheries offices are rapidly reversing that progress.” Two additional sources in South HamgyongProvince corroborated this news. The fisheries units have been conducting excessive fishing without any consideration of scientific methods aimed at conservation and mitigating repercussions on the environment. “This allcomes on the back of Kim Jong Un’s orders to produce a wealth of supply forfisheries,” he said. “Accordingly, military-affiliated fisheries arms have utilizeddestructive, indiscriminate methods like bottom trawling and either destroyedor diminished a number of prominent fish species’ habitats.”Moreover, Kim Jong Un has already touredmilitary fisheries operations and awarded those who have performed well at theKorean Workers’ Party [KWP] Central Committee building on two separateoccasions, further encouraging proactive fishing work by others hoping tomeasure up and gain recognition. “Our former General [Kim Jong Il] conductedendless ocean patrolling and crackdowns through surveillance agencies in thename of protecting marine resources,” the source asserted, stating that theformer leader even issued a mandate from the National Defense Commissionbanning bottom trawling, and for other spells, banned fishing boats from goingout to sea. Where these measures did extend some degreeof protection to marine ecosystems, the lack of safeguards further inlandquickly saw the mountains go bare. Conversely, he noted, rather than seeking amore balanced approach, “Kim Jong Un has slapped restrictions on landcultivation for reforestation efforts but encouraged reckless pillaging of theocean.” US dollar and Chinese reminbi plummet against North Korean won once again
Share this article and your comments with peers on social media OSFI previews new capital rules for seg fund risk Keywords Asia, Insurance regulations Related news “When direct purchase products are introduced in early 2015, they will provide consumers who do not require advice with cheaper access to selected life insurance products. Consumers will benefit from the greater price competition that will be introduced between the direct and commission-based channels,” said Lee Boon Ngiap, assistant managing director for capital markets at the MAS. The regulator also set a $400,000 coverage maximum for direct purchase products (Singaporean dollars), with a $200,000 sub-limit for whole life products, on a ‘per person per insurer’ basis. Fitch Ratings says that the move to launch a commission-free life insurance sales regime will be credit positive for the life insurance sector in Singapore. “The decision is likely to boost the overall penetration rate of the life sector while also prompting a re-evaluation of strategies on distribution channels, which may enhance productivity,” it says. “The new regulation will increase the accessibility of life insurance to low- and middle-income segments by eliminating commission costs and reducing the price of direct-sale products. This in turn should boost the overall penetration rate of the life sector in Singapore, which trails that of other high-income Asian economies,” the rating agency says. Fitch says that it expects competition in the new direct segment to be intense, given that all insurers will be required to sell commission-free products. “As such, there could be an impact on profitability associated with a drop in premium rates,” it says. “The potential impact on profitability will vary from company to company, and is likely to depend on the extent to which individual insurers choose to target a build-out of market share in the new direct sales segment.” Beyond the positive headline revenue impact, the new direct-sales channel will likely also prompt insurers to review their distribution channel strategies, Fitch adds. “This may prompt companies to refocus their clientele base and shift the agent-channel toward more complex products and larger assured sums – and away from segments which are likely to only utilise the commission-free products,” it says. FSRA reviews 57 life agent reporting forms Facebook LinkedIn Twitter James Langton Insurance regulators consult on conduct principles In a bid to enhance insurance coverage, regulators in Singapore are introducing reforms that will require insurers to sell basic products directly to consumers without charging commissions. Following a review that focused on ways to enhance financial industry fairness, the Monetary Authority of Singapore (MAS) announced a new regime to require direct sales of certain basic life insurance products. The MAS will require all insurance companies that serve the retail market to offer several products for direct purchase: term life and whole life products with disability coverage, and optional critical illness (CI) coverage. The MAS says that the features of these products will be largely standardized to make them easier for consumers to understand and purchase without advice.
Shadow banks remain risky, DBRS says Hedge funds look to increase crypto exposure James Langton Facebook LinkedIn Twitter Fitch says that the FSB paper identifies size, substitutability, interconnectedness, complexity and cross-jurisdictional activities as potential drivers of systemic risk in the investment management space. “In our view, the two key drivers of systemic risk are the use of excessive leverage (and associated counterparty relationships) and ‘substitutability’, or a fund’s gross (leveraged) size relative to its investment sector,” says Fitch. “If one or more large, heavily leveraged funds come to represent ‘the market’, this could introduce illiquidity in times of stress. We believe the combination of these two factors, excessive leverage and a large market footprint, are most likely to create systemic risk in times of stress,” it adds. The rating agency concludes that in that context larger, leveraged private funds pose the most systemic risk in the investment management sector. “Private funds are lightly regulated, and leverage constraints are far looser, reflecting counterparty risk limits rather than regulatory limits,” it says. By contrast, regulated investment funds are restricted from taking on excessive leverage, it says, which “makes the transmission of systemic risk due to a forced deleveraging low in our view for regulated funds.” Although one potential caveat to this, Fitch says, is that “certain derivatives are used by regulated funds in the U.S., where the regulatory treatment may not fully capture the true ‘economic leverage’ that is incurred.” As for asset managers, Fitch says that this is generally not a balance sheet intensive business, and does not involve large amounts of leverage, maturity transformation, or financial complexity for the firms. “It is the funds themselves that take on leverage, to the degree allowed, utilize derivatives and have counterparty exposures,” it says. Smaller investors face down hedge funds as GameStop soars Related news Keywords Hedge funds Share this article and your comments with peers on social media An examination of the Financial Stability Board’s (FSB) latest methodology for assessing the systemic riskiness of investment industry firms finds that hedge funds would likely be considered as posing the greatest systemic risk under the FSB’s approach. A new report from Fitch Ratings finds that private funds, such as hedge funds, pose the greatest systemic risk based on key risk indicators set out by the FSB in a paper on identifying financial entities, other than banks or insurers, that may be considered systemically important.
Latest ESFA senior staff moves, December 2020 Eileen Milner, ESFA chief executive said:Following a competitive recruitment process, ESFA’s interim Director of Professional and Technical Education Sue Lovelock has been appointed to the post on a permanent basis. Sue has been acting Director since November 2019, following Jennifer Coupland becoming the chief executive of the Institute for Apprenticeships and Technical Education.Sue has been responsible for leading the Professional and Technical Education Directorate during the challenging period of COVID-19. This has included overseeing the successful launch of the very first T Level delivery in September 2020. Sue has a wealth of experience in delivering government programmes and will lead the work of the directorate through the challenging but critical next stages of continuing T Level rollout and complex qualifications reform.I know Sue is hugely committed to building on what has been achieved and I congratulate her on her appointment. /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:building, coronavirus, covid-19, education, Government, launch, reform, UK, UK Government
Extra transport for country Year 7 transition days All country primary schools will be supported to cover extra transport costs for transition days in 2021, as both Year 6 and 7 students get ready to start high school next year.The Marshall Government’s $75,000 investment will help alleviate the extra costs of transporting country students from their current primary school to their new area or high school on their transition day.Transition days are an important tool in preparing primary students for entry to secondary school, as students participate in activities to familiarise themselves with their new learning environments.The cost of transporting students from primary schools to area or high schools for transition days was identified as challenge by some primary schools during a broad regional community consultation process.Education Minister John Gardner said the move of Year 7 into high school was on track.“The national curriculum is designed to be taught in a high school setting, and the statewide move will bring South Australia in line with the rest of Australia, presenting new and exciting opportunities for our students,” said Minister Gardner.“Many regional families and communities are enthusiastic about the opportunities that will come from bringing Year 7 into high school next year, such as access to specialist teaching and facilities.“These transition days are valuable in helping primary students to prepare for the milestone of entering high school, providing them with the opportunity to familiarise themselves with a new environment and routines before they begin next year.“They help students develop a sense of belonging and positively adjust to their new school by forging new connections with peers and teachers.“We have listened to country communities and schools and are responding to their concerns by contributing to the costs of transporting a double cohort of students to their transition visits.“It is critical that we recognise and respond to the unique interests and concerns the unique interests and concerns of our regional communities as we prepare for the statewide move in 2022.”More information on the Year 7 to High School regional transition arrangements can be found on the Department for Education website /Public News. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. 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:AusPol, Australia, community, education, environment, Government, high schools, Investment, Minister, SA Government, school, secondary school, South Australia, students, Transport, website