Dutch watchdog urges schemes to prepare for a hard Brexit

first_imgThe implementation of over-the-counter derivatives contracts, concluded with UK-based parties and extending beyond the Brexit date, could also become stuck, he warned.“These counterparties would possibly no longer have the required authorisation to offer investment services to EU counterparties, or conduct investment activities related to these derivatives contracts,” Hilbers said.Meanwhile, the UK’s Financial Conduct Authority (FCA) said it continued to prepare for a range of scenarios, including a hard Brexit.The FCA is to be tasked by the UK’s treasury department with amending and maintaining EU rules and technical standards after the UK’s membership ends on 29 March 2019. This is in line with the EU (Withdrawal) Act, recently passed by the parliament, which allows the transferral and conversion of EU law to UK law and gives ministers powers to make amendments as necessary.The FCA said its work would “sit underneath the EU regulations and directives and provide technical detail of how those requirements must be met”.Last March, the UK and the EU agreed on a transitional period from 29 March to December-end 2020.During this time, EU law would remain applicable to the UK, with firms, funds and trading venues continuing to benefit from passporting between the UK and EEA as they do today, according to the FCA.“Obligations derived from EU law would continue to apply, and firms must continue with implemention plans for EU legislation that is still to come into effect before the end of December 2020,” the FCA added. Dutch supervisor DNB has urged pension funds to prepare for a so-called ‘hard’ Brexit, as the preliminary agreement for a transition period after the UK leaves in March is not yet legally binding.On DNB’s website, Paul Hilbers, director for financial stability, said that if the UK and the EU failed to reach an agreement on their future relationship, the transitional arrangement could be cancelled.He warned that a hard Brexit could come without equivalence certificates for the UK, which are necessary for companies and financial institutions to access each other’s markets.DNB’s financial stability director explained that pension funds ran the concrete risk of loosing acces to infrastructure in the UK, such as central counterparty (CCP) clearing.last_img read more

MLB trade rumors: Phillies have been ‘in contact with every team that has pitching available’

first_img“Hard for us to make the judgment now that we’re one trade away from the World Series,” MacPhail told reporters last week, via MLB.com. “We don’t believe that. I don’t believe that. So, as a result, you’re going to have to be more judicious with your playing talent. It doesn’t mean you can’t make a different type of deal, doesn’t mean you can’t make a deal where a component is taking on somebody’s salary.”Blue Jays ace Marcus Stroman and Giants left-hander Madison Bumgarner are expected to be available while the Indians could consider moving Trevor Bauer. The Phillies, however, may not be willing to meet the asking price for any of those players.“Our ownership has been pretty clear, and they’ve demonstrated by their actions, that salary is not something that is going to be … it has to make some sense, but that’s not going to be something that’s going to hold us back,” MacPhail said. “I think from my standpoint, I’m going to be more judicious. Gabe Kapler says Jake Arrieta ‘at 85 percent’ is Phillies’ best option Todd Frazier: Jake Arrieta went ‘a little overboard’ with dented skull threat “We win seven in a row … I might feel differently. Given our current circumstances, I think I’m going to be a little judicious and careful about what talent’s walking out the door.”The Phillies are interested in Orioles reliever Mychal Givens, according to an earlier report from MASN. The Phillies apparently want to beef up their pitching staff before the July 31 trade deadline.Philadelphia general manager Matt Klentak has been “in contact with every team that has pitching available,” MLB insider Jim Bowden reported Tuesday during an appearance on CBS Sports HQ. Phillies All-Star J.T. Realmuto interested in signing extension, report says The Phillies came into the season with high expectations but have been inconsistent so far. They entered play Tuesday with a 48-46 record and have lost four of their last six games.While Philadelphia is tied for the second wild-card spot, president Andy MacPhail said the team might not be willing to trade top prospects for frontline players. Related Newslast_img read more

WHS Daily Bulletin – Friday, Nov. 7, 2014

first_img 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 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 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. There are no comments posted yet. Be the first one! 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 comments Guidance Office News:College visits during lunch:Tuesday, November 11- Pittsburg StateThursday, November 13- Fort Hays CollegeFollow us on Twitter. Submitted to Sumner Newscow — Today’s Wellington High School bulletin for Friday, November 7, 2014:Friday• All School Musical- 7 p.m.Saturday• All School Musical- 7 p.m.Sunday• All School Musical- 2 p.m.Friday’s lunch: Chicken Patty/Bun, oven fries, baked beans, mandarin orange, oatmeal cookie.Monday’s lunch: Spaghetti w/meat sauce, garden spinach salad, garlic bread stick, pears.Today’s News*Money for the play will be collected at the beginning of 6th hour. Students will be dismissed by intercom at 12:45 to attend the play.*Crusader Creators, your pastries will be delivered Monday morning. You need to bring a cooler large enough to hold what you sold. Bring it to Mrs. Groom before school starts on Monday. Monday after school you will take them with you and deliver them. Don’t Forget!*STUDENTS: If you are participating in a winter sport and do not have a physical or concussion form on file, you must do so before you will be allowed to practice. You can pick up the forms in the counselor’s office.*Anyone interested in playing Boys Basketball this year will need to meet for the team meeting on Monday at 3:10 in the Main Gym.*Reminder to Athletes November 10 – 16 is Fall Buffer Week. No activities in any school gyms during that week.*There is a sign-up sheet in the office for Special K Basketball. Please sign up by November 25th.*Seniors – If you did not attend the senior meeting on Monday, please stop in the counselor’s office to get the scholarship application handout and the Josten’s ordering packet.*Are you a Jr. or Sr. planning on pursuing a career in the art field?  If you are interested in going to a career fair next week devoted to art careers please see Mrs. Groom by fourth hour today!*Seniors: Please start turning in your needed pictures for the graduation video, along with your top 3 song choices to be in the video. You can turn them into Mrs. Vaughn in room 203, Leah Nelson or Shayna Templeton. Please turn them in ASAP.*SENIORS: Jostens will be here Tuesday, November 11th during lunch to collect your order and $60.00 deposit.*Upward Bound will be here Wed. Nov. 12th in the commons during lunch if you’d like to speak with them about signing up for a great program!*SENIORS! If you are interested in attending Cowley County Community College- don’t miss out on their Senior Day, November 12.  Visit Mrs. Brown in the counseling office for more details.last_img read more