Pension funds worried about EIOPA power, oversight under EC plan

first_img“The proposals would entail new powers for EIOPA to set the policy priorities of national supervisory authorities, to review their supervisory activities and to obtain information directly from pension funds,” said PensionsEurope.National pension supervisors should have the freedom to decide their own priorities based on relevant national trends and not adhere to EIOPA’s strategic supervisory plan, according to PensionsEurope. European pension funds are worried that levying the industry to fund the European Insurance and Occupational Pensions Authority (EIOPA) would lead to less oversight of the authority from EU institutions and member states, according to PensionsEurope.Commenting on the European Commission’s review of EIOPA and the other European supervisory authorities (ESAs), the association said pension funds feared this might happen if EIOPA’s budget were funded to a lesser degree by national and EU contributions.The Commission has proposed that EIOPA be given the power to raise a levy on pension schemes. PensionsEurope said funds were not directly supervised by the ESAs and therefore opposed industry fees.It said pension funds were also concerned that proposed new powers for EIOPA would be used by the authority “to urge national supervisors to adopt its view of how pension funds should be regulated”. The European Commission has proposed giving more powers to EIOPAOne of the main thrusts of the Commission’s proposals for the ESA system is to empower the European Securities and Markets Authority (ESMA), which would be entrusted with direct supervisory power in certain financial sectors. The Commission has spoken of establishing “a single capital markets supervisor”.PensionsEurope said it supported the objective of further convergence of capital markets supervision, and that ESMA should play a role in “ensuring that the harmonised rulebook is applied consistently across the EU”.It made sense to boost ESMA’s powers vis-à-vis third country firms, “so that European institutional investors can be confident that they too behave prudently,” added the association.However, increased powers for ESMA should be accompanied by “adequate representation” of pension funds and their dedicated asset managers in its stakeholder groups, it said, and ESMA would need to strengthen its engagement with stakeholders.The proposed strengthening of mandates for ESA stakeholder groups was welcome, said PensionsEurope, although this should not be a reason to change the composition of the groups. The process for selecting members of the stakeholder groups should be transferred to the Commission, it said.PensionsEurope expressed concern about underrepresentation of pensions expertise at EIOPA, in particular given that its pensions mandate would expand under the Commission’s proposal for pan-European personal pension products. The regulation on EIOPA should therefore require the Commission “to consider the expertise and competences of the executive board when shortlisting candidates”, said PensionsEurope.The European Systemic Risk Board (ESRB) should avoid having a bank-bias in its approach to other financial sectors, with pension funds fearing being unduly categorised as of systemic importance to financial stability, the organisation added.The Commission has proposed that the president of the European Central Bank chair the ESRB on a permanent basis.The proposals are now with the European Parliament and the Council.last_img read more

Higher Revenues Boost Royal Caribbean’s Q2 Earnings

first_imgMiami-based cruise major Royal Caribbean Cruises closed the quarter ended June 30, 2019, with record second-quarter earnings.US GAAP net income for the quarter was USD 472.8 million, compared to USD 466.3 million posted in Q2 2018.In addition, adjusted net income stood at USD 532.7 million in the second quarter of 2019, against USD 482.2 million seen in the corresponding three-month period a year earlier.As explained, the improvement over last year was mainly driven by increased revenue from Royal Caribbean’s global brands. “We are elated to see our brands executing so effectively, keeping our business in an exceptionally strong position,” Richard D. Fain, chairman and CEO, pointed out.The overall positive results were achieved despite the United States’ decision to ban cruise ships from docking in Cuba, preventing group tours and cruise ship stops to the island nation.“Better demand for onboard experiences as well as strong close-in demand for our core products fully offset the impact from the travel restrictions to Cuba which equated to 30 basis points for the quarter,” according to the company.Due to an increase in costs related to the travel restrictions to Cuba, current fuel pricing, as well as other factors, Royal Caribbean estimates 2019 adjusted EPS to be in the range of USD 9.55 to USD 9.65 per share.“The company’s booked position for the remainder of 2019 continues to set new records with all core products in line or ahead of the company’s previous expectations,” Jason T. Liberty, executive vice president and CFO, commented. “While it is too early to provide detailed color on 2020, we are delighted that bookings are already off to a very strong start.”Royal Caribbean Cruises controls and operates four brands including Royal Caribbean International, Celebrity Cruises, Azamara and Silversea Cruises. It is also a 50% joint venture owner of the German brand TUI Cruises and a 49% shareholder in the Spanish brand Pullmantur Cruceros. Together, these brands operate a combined total of 63 ships with an additional 13 on order as of June 30, 2019.last_img read more

Disability rights group concerned over voluntary euthanasia

first_imgStuff 3 March 2015Disabled people could be coerced to commit suicide if a voluntary euthanasia bill is passed, a disability rights group says.Not Dead Yet convenor Wendi Wicks said there could never be adequate protections for disabled people under voluntary euthanasia legislation.“There are endless ways of telling disabled people time and time again that their life has no value.”Not Dead Yet’s launch coincides with a speaking tour by world expert on medically assisted suicide, Rob Jonquiere.The Dutch doctor is half-way through his two-week tour and said he agreed to help End of Life New Zealand raise the issue by talking about medically-assisted euthanasia legislation in his country.During the tour Jonquiere will deliver 14 public lectures around the country and speak to health professionals.In the Netherlands patients can ask their doctor to assist them in ending their lives if they are experiencing “intolerable and hopeless suffering”, Jonquiere said. read more

Ronaldo moves up to second spot in most official goals ranking

first_imgRonaldo is now only one goal off pushing the Brazilian, Romario, down to third place while also only being 33 goals off equalling Pele. Meanwhile, the two next to him in the top three have a lot of their goals in weaker leagues.Romario’s stats are near-impossible to thoroughly find with 364 goals to his name in league competitions, with the majority of his goals coming in either the Netherlands or Brazil throughout the 1980s and 1990s. Read Also: Sevilla star voted best La Liga signing for 2019-20 campaignPele is rather infamously known for him scoring over 1,000 goals (albeit a lot in exhibitions and friendlies), and like Romario had a good majority of his goals, or worse, the NASL for the New York Cosmos.Ronaldo being as high as he is while having 729 of his 734 goals being scored for Manchester United, Real Madrid, Juventus, and the Portugal National Team is an incredible feat.FacebookTwitterWhatsAppEmail分享 The 35-year-old now sees himself ahead of some of the footballing greats with players such as Eusebio and Ferenc Puskas not being able to crack the top five which is as follows:T9. Arthur Friedenreich – 554 goalsT9. Ferenc Deak – 554 goals8. Eusebio – 615 goals7. Josef Bican – 636 goals6. Ferenc Puskas – 706 goals5. Lionel Messi – 716 goals4. Gerd Muller – 720 goalsT2. Romario – 734 goalsT2. Cristiano Ronaldo – 734 goals1. Pele – 767 goals Promoted Content7 Reasons It’s Better To Be A VeganBest & Worst Celebrity Endorsed Games Ever MadeBirds Enjoy Living In A Gallery Space Created For Them7 Universities In The World Where Education Costs Too MuchHere Are The Top 10 Tiniest Mobile Phones On The Planet!Who Is The Most Powerful Woman On Earth?Can Playing Too Many Video Games Hurt Your Body?20 Celebs With Bizarre Hidden Talents And Skills10 Risky Jobs Some Women DoPlaying Games For Hours Can Do This To Your BodyMind-Bending Technology That Was Predicted Before It Appeared6 Great Ancient Mysteries That Make China Worth Visitingcenter_img Loading… Cristiano Ronaldo has now moved up to second place in the most official goals ever scored after his brace in Juventus’ recent 2-1 win over Lazio. Ronaldo now sees himself on 734 goals.The Portuguese forward recently broke three records for his incredible goal-scoring prowess in Italy. Becoming Juventus’ first player to score 30+ goals in one season since the 1950s, as well as becoming the fastest to 50 goals in Serie A, making the record in only 61 games.It doesn’t stop there either with him becoming the first-ever player to have over 50 goals in Serie A, La Liga, and the English Premier League.last_img read more

Dale DeFrance Memorial is May 10 at Marshalltown

first_imgMARSHALLTOWN, Iowa – The inaugural Dale DeFrance Memorial will be Thursday, May 10, with IMCA Late Models racing for $1,500 to win and a top prize of $1,000 at stake for IMCA Modifieds.The 44-lap Late Model feature pays $200 to start while the 25-lap Modified main event pays $140 to start, $100 tow and is a qualifier for the Fast Shafts All-Star Invitational ballot.IMCA Sunoco Stock Car and Karl Chevrolet Northern SportMod features both pay $500 to win and $100 to start while IMCA Sunoco Hobby Stocks run for $300 to win and $100 to start.Total purse for the night is $20,000 with another $3,000-plus in contingencies to be given.IMCA Speedway Motors Weekly Racing National, regional, Iowa State and track points will be awarded at the draw/redraw show. There will be no racing at Marshalltown on Friday, May 11.Pit gates open at 4:30 p.m. and the grandstand opens at 5 p.m. Hot laps are at 7 p.m. with racing to follow.Grandstand admission is $12 for adults, $10 for seniors and free for kids ages 10 and under. Pit passes are $25.last_img read more

Lallana: I’ll keep working hard

first_img “Hopefully I can settle in quickly and I’ll give it my best and hope I can add something to the team. “Hopefully we can win trophies because that is why I am here – for success.” Manager Brendan Rodgers believes Lallana is a “special commodity” who will be much more than just another addition to squad numbers. “He has leadership skills and personal qualities that make him a special commodity and I am delighted we have acted decisively to make sure he is wearing a Liverpool shirt next season,” he said. “Adam is motivated by being the best he can be and being part of something special. “We believe he fits right in with what we are trying to do at Liverpool.” “I just have to keep working harder,” he told LFCTV GO. “We did suffer disappointments at the World Cup but we need to rest for a couple of weeks, recharge the batteries and then get back to doing what we love which is playing football. “Hopefully we can learn something from the experience and take it into the European Championship (qualifying) campaign. “I think you can only become stronger mentally. It is a long way from home in different conditions, a lot of people’s first major tournament, and we just have to learn quickly and improve and get better results next time.” Lallana played alongside Liverpool captain Steven Gerrard in Brazil and will now be doing so on a regular basis for his new team. “There is no limit to what I can learn playing with him. For me to be playing alongside him is quite surreal,” added the midfielder. “He has that aura around him but I need to get used to it because I will be playing with him week in, week out. “He is still such a good player and can go on to play for a numerous amount of years with the quality he possesses. Press Association The 26-year-old’s £25million move to Anfield from Southampton was completed quickly following the national team’s early exit from the tournament in Brazil, where they were eliminated after just two matches. Lallana, who made one start and two substitute appearances in his first World Cup, expects the chastening experience to benefit him and other members of that squad in the future. New Liverpool signing Adam Lallana believes England’s World Cup failure will make him mentally tougher. last_img read more

Bucksport girls win four indoor track events

first_imgORONO — The Bucksport girls’ indoor track team notched four first-place finishes in events at Saturday’s Eastern Maine Indoor Track League meet at the University of Maine.Natalie Coleman, Meaghan Goodine and Mavis Taungatu’a led Bucksport to a third place finish among five teams with 44 points in meet B — one of three taking place that day. John Bapst won with 81 points, and Mattanawcook took second with 69.Goodine won both the 400-meter dash in one minute and 13.05 seconds and the 200-meter dash in 30.76 seconds.Coleman placed first in the one-mile run in six minutes and 9.16 seconds.This is placeholder textThis is placeholder textTaungatu’a won the shot put with a distance of 33 feet and 8.5 inches.As for the Bucksport boys, Danny Bunker and Johann Bradley won events, and the team took fourth with 35 points. Foxcroft won with 107; Mattanawcook placed second with 48; and John Bapst finished third with 44.Bunker took first in the triple jump with a distance of 36 feet and 3.5 inches, and Bradley won the pole vault with 12 feet and 4 inches.Another Hancock County athlete, Ti Janla of Sumner, won the high jump with a distance of 5 feet and 2 inches.Meet A resultsBoth the Mount Desert Island boys’ and girls’ teams took second behind Brewer.Girls’ team scores were as follows: Brewer, first with 137 points, MDI, second with 58; Hermon, third with 46; Central, fourth with 19 and Ellsworth, fifth with 12.Boys’ team scores were: Brewer, first with 156.5 points; MDI, second with 69; Hermon, third with 27.5; and Central, fourth with 13.MDI athletes took first in the following eight events:Boys’ 55-meter dash: Ryan Bender in 6.76 seconds.Girls’ 55-meter dash: Adriana Novella in 7.86 seconds.Girls’ 400-meter dash: Ashley Anderson in 1:04.03.Boys’ 800-meter run: Josh Bloom in 2:11.73.Girls’ 200-meter dash: Ashley Anderson in 27.27 seconds.Boys’ 200-meter dash: Ryan Bender in 23.44 seconds.Girls’ 4×200-meter relay: Lily Turner, Sydney Kachmar, Adriana Novella and Ashley Anderson in 1:54.19.Boys’ triple jump: Giovanni McKenzie with distance of 36-00.25.last_img read more

Brendan Bomberry delivers No. 6 Syracuse in an 8-7 overtime thriller at No. 14 Johns Hopkins

first_img Published on March 18, 2017 at 6:28 pm Contact Matthew: | @MatthewGut21 BALTIMORE — After Ben Williams won the faceoff to start overtime, players huddled around the All-American specialist. He put Syracuse in position to win in sudden-death overtime against archrival Johns Hopkins. In the second-lowest scoring Syracuse-Johns Hopkins game since 1985, players welcomed any chance for a score.Sixty-one seconds later, junior midfielder Brendan Bomberry punched the winning score in from just outside the crease. In SU head coach John Desko’s 300th game, the player who hadn’t collected a point ended No. 6 Syracuse’s (5-1, 1-0 Atlantic Coast) fifth straight one-goal game, 8-7, over No. 14 Johns Hopkins (4-3) on Saturday afternoon at Homewood Field. With a defender on his tail, Bomberry caught a Sergio Salcido pass and, hardly pulling back his stick, pushed the ball past JHU goalie Gerald Logan.“Our guys drew slides and make it easy for me around the net,” Bomberry said. “If they don’t draw slides, I don’t get open.”Through six games, three game-winners by three different players illustrates the balance by which Syracuse’s offense thrives. In the first, a month ago against then-No. 12 Albany, Nick Mariano fired the game-winner with under two seconds on the clock. Against then-No. 9 Virginia two weeks ago, Salcido rifled the final score. On Saturday, Bomberry clinched the game, extending Syracuse’s streak to 45 consecutive wins when holding opponents to fewer than 10 goals.Midway through the season, SU hasn’t established a single go-to option. Jordan Evans has been inconsistent, Saturday included, when he had just one assist for an SU team that has scored fewer than 10 goals in back-to-back games. Yet Syracuse has resorted to a different player to bring magic to the offense late in games. Seven SU players have five goals or more, led by Bomberry’s 13 — none bigger than his last, which Nick Mariano set up with his no-look goal in the final minute of regulation.AdvertisementThis is placeholder textAsked whom Hopkins keyed on in the final minutes, Blue Jays head coach Dave Pietramela shook his head. Junior midfielder Hunter Moreland snickered, then smirked as if to acknowledge SU’s diversified attack.“All of our guys can finish and make plays,” Bomberry said. “We have that many guys who can make plays and put the ball in the net for us.”The 56th all-time meeting between Syracuse and Johns Hopkins lacrosse started fitting enough. About 40 minutes before faceoff, a handful of players from both sides met at midfield for a pregame scuffle. Officials handed each side an unsportsmanlike penalty and both teams started a man down.Last year, Syracuse jumped out to a 4-0 lead, outshot JHU by 10 and picked up eight more ground balls. Yet the Orange committed 14 turnovers and blew its four-score lead on a rebound goal in the overtime heart-breaker for its first loss of 2016. The JHU loss started SU’s three-game losing skid.“Homewood,” senior attack Jordan Evans said before the season began, “that’s not a good memory going in there. We have the lead and give it up. It’s a good thing for us to go down there and make a statement.”Bomberry penned that statement in his first college game at Homewood. It buzzed as temperatures sat around 50 degrees. The JHU pep band played during stoppages. A steady hum came from the middle of the Johns Hopkins fan base all afternoon, no louder than in the final minutes of regulation. No quieter than after Bomberry’s blow to the Hopkins faithful.“You saw what happened when we slide too much,” Pietramala said. “The last two goals were off a slide. If you have a miscue on the interior, they find it.”The teams first met in 1921 with a 4-4 tie. Fifty-five meetings and nearly a century later, the units remain at the top of the sport. They’ve met each year since 1980. They’ve combined for 19 NCAA titles. For decades, Syracuse and Johns Hopkins have been the landing spots for the nation’s most prized recruits.Three of Syracuse’s 25 victories against Johns Hopkins have come with the national championship on the line. A single goal has now decided 14 of the last 29 meetings. In the most recent edition of college lacrosse’s most storied, intense rivalry, goals came at a premium. Syracuse held leads of 4-2, 5-4 and 6-4. Still, in a game during which no lead was safe, JHU inevitably fought back to pull within one. Then tie. Then take the lead, 7-6, before Mariano’s game-tying shot.This time, the Orange came out on top with the sight of Bomberry emerging from the crease, stick held high. Comments Facebook Twitter Google+last_img read more

Fast reaction: 3 takeaways from Syracuse’s 59-45 win over Pittsburgh

first_imgAfter going into double overtime with then-No. 23 Florida State in its last matchup, Syracuse (13-6, 2-4 Atlantic Coast) struggled to get much going early against Pittsburgh (8-11, 0-6). The teams combined to shoot just 38 percent in the first half as the Orange went into the break with a five-point advantage. Syracuse eventually managed to pull away late for a 59-45 win to snap its four-game losing streak.  Here are three reactions from the game.Feel it stillTyus Battle played a season-high 50 minutes in the Orange’s loss to the Seminoles. The game actually pushed his minutes per game average in ACC play to 41.2 — more than the standard 40-minute game.TV broadcasts claimed that Battle was under the weather heading into the game. Either way, Battle was noticeably a bit weaker to start Tuesday‘s game.AdvertisementThis is placeholder textOn one play he made a move to drive baseline, but his floater weakly fell off the side of the backboard, not even reaching the rim. Later, he had a wide-open look from deep. His 3-point attempt was on line but not strong enough, barely grazing the front of the rim and falling straight down. He missed his first six shots of the game and entered the break with just four points.Halftime seemed to get Battle a little bit back on track. He was five-of-eight from the field and scored seven points in the frame. His 3-pointer out of the under-eight media timeout seemed to inject life in the Orange, which went on to open up a 10-point edge.How longFreshman Panthers guard Parker Stewart came into the game averaging just 7.4 points per game, the fifth-highest mark on the team. He’d hit 30 3-pointers in 18 games, shooting at a 36 percent clip.Stewart hit two 3-pointers within the first five minutes of the game. By the end of the night, Stewart accounted for more than half of Pitt’s offense by himself, as he knocked down seven 3-pointers and had 23 points, both career highs.Although Syracuse has been solid on defense for most of the season, this was the third time that one player has made at seven 3-pointers in a game against the Orange.New rulesThrough the first four games of ACC play, freshman point guard Howard Washington was averaging two minutes per game. It seemed like his only way on the floor was to provide a very quick breather to Howard or Battle, or if either one was in foul trouble.But against FSU he played a career-high 24 minutes and Syracuse deployed its three-guard lineup for a good chunk of the first half.On Tuesday, Washington again checked into the game early in the first half, replacing Tyus Battle who sat for a few minutes. When Battle came back, Washington stayed on, with SU again giving its three-guard lineup a look.The Orange scored five quick points when Washington was in, and the Buffalo native added two steals. But the offense stalled with the three-guard lineup in, scoring no points. On one play, it appeared that both Howard and SU head coach Jim Boeheim were frustrated with Oshae Brissett not getting into the high post properly.Washington was subbed out with 7:22 left in the first half and didn’t play the rest of the game. Comments Facebook Twitter Google+ Published on January 16, 2018 at 11:09 pm Contact Tomer: | @tomer_langerlast_img read more

Barbados says Grantley Adams Airport Remains Closed Until June 30

first_img“If the happy circumstances arise that you have significant improvements, and we can feel confident that it is easy to reopen, then that decision will be taken, but until such time we are going to be very guarded on this matter, and go as fast as the data and the circumstances allow us to feel comfortable. He said that temperature testing and prior knowledge of travel history would be required, so that as much as possible persons exhibiting symptoms could be “sieved out”. Protocols were also needed for the appropriate levels of quarantine space for persons who may eventually test positive. “We all want the highest degree of safety that we can have. Nobody feels comfortable in reopening until you have been able to secure, first of all, the well-being of the people in your country and the workers, and secondly the visitors to the island,” he added. “I cannot give you a date on which the airlines will be returning. We have taken a position that the airport remains closed to commercial traffic until the 30th of next month,” Tourism and International Transport Minister, Kerrie Symmonds told a virtual news conference regarding the Grantley Adams International Airport. Symmonds said that domestic protocols also needed to be settled because while there was a common understanding at the regional level, the sovereign state would have to implement as best as possible its own standards and due diligence to minimize risk. “Going about it phase by phase and step by step gives us an opportunity to protect our people while giving us an opportunity to develop some economic activity which is absolutely critical to the same people as well,” Symmonds added. BRIDGETOWN, Barbados– Barbados says while its international airport remains closed to commercial traffic until June 30, this is not a guaranteed date for when airlines will resume flying to the island. “Bottom line is, the perfect scenario would be to have a vaccine … but that is several months away …. In the meantime, life has to go on and we will have to exist with this threat we call COVID-19, until this time comes. So, therefore our [approach] has to be about managing the risk, minimizing the risk and making sure that we can still do business, while we protect people as best as humanly possible,” Symmonds said. “I want to make it clear that we have not settled yet on any definitive course of action, not just in Barbados, but across the Caribbean and also with the airlines,” he said, adding that Prime Minister Mia Amor Mottley and her St. Lucian counterpart, Allen Chastanet, both chaired a “useful meeting” with all the airlines that service the region last week. Symmonds said that safety is a priority for Barbados, and any decision taken to reopen the sector will “not be date driven, but rather data driven. CMC Photo via LinkedIn “This is a discussion that is being had around the region. In the absence of that, we are going to have to rely on the airlines being very robust partners, in the context of that which they do, to make sure there is a contaminant free corridor between, for example, when you leave JFK and when you arrive in Barbados,” Symmonds added. These include possibly implementing a COVID-19 rapid test, which could be conducted on departure from the source market, on arrival to Barbados, or at both points if cost allows. Noting that regional protocols were also being examined, he said officials were looking at criteria with regard to the data, managing risk and safety protocols. Barbados, like other Caribbean Community (CARICOM) countries closed its borders in March in a bid to curb the spread of the coronavirus (COVID-19) that has killed nearly 400,000 people and infected more than 4.5 million others worldwide. “The airlines understand what we are trying to achieve …. Their interest as well is safely. The take away from that meeting is that there is no competitive advantage that anybody has over the other in terms of being safe.last_img read more