OSC, OSFI announce cooperative arrangement

first_img Banking and securities regulators are cooperating to monitor the big six banks’ compliance with new derivatives data reporting requirements that are being adopted as part of the global effort to step up oversight of the over-the-counter (OTC) derivatives markets. Canada’s largest securities regulator, the Ontario Securities Commission (OSC), has established an arrangement with the Office of the Superintendent of Financial Institutions (OSFI), the federal banking regulator, for the big six banks to report certain information about their derivatives activity to OSFI, which will, in turn, pass it along to the OSC. Derivatives markets grow, ESMA reports CSA seeks changes to derivatives rules Keywords Over-the-counter securities and derivativesCompanies Office of the Superintendent of Financial Institutions, Ontario Securities Commission James Langton Related newscenter_img CSA delays margin requirements for OTC derivatives The cooperative arrangement was announced Thursday in a notice published by the OSC. The notice includes a letter that details the OSC’s agreement with OSFI, and it indicates that the regulators, “intend to work cooperatively to monitor compliance by the Canadian banks” with their reporting requirements. The arrangement reflects exemptive relief that the OSC granted last year to each of the big banks — CIBC, Royal Bank, Bank of Montreal, National Bank, TD Bank, and Bank of Nova Scotia — from their obligations to report certain counterparty data under the new trade repository reporting requirements that came into effect on Oct. 31, 2014. That relief addressed concerns that complying with certain requirements under securities law could cause the banks to breach laws in other countries that restrict the disclosure of certain information relating to derivatives trades or the counterparties themselves, and that the banks may not have access to certain information about their counterparties. The relief was granted subject to certain conditions, including that the banks report to regulators about their efforts to collect the required information about their counterparties. Share this article and your comments with peers on social media Facebook LinkedIn Twitterlast_img read more

Tony Winner Kristin Chenoweth Returns for Glee’s 100th Episode

first_img The Tony winner tweeted that she is “very excited” to be reuniting with the whole Glee gang. The last we heard of Chenoweth’s character was that she was on Broadway starring in her autobiographical musical Crossrhodes: The April Rhodes Story. View Comments Star Files See you at the Crossrhodes! Kristin Chenoweth will return for the 100th episode of Glee. Co-creator Ryan Murphy tweeted December 4 that the Tony winner will be returning to the musical series as the hilarious April Rhodes, a former classmate of Matthew Morrison’s Will, for the show’s milestone.center_img The reunion is shaping up to a be a must-see event with Murphy inviting all the original cast members back. In addition to Chenoweth, Murphy has revealed that Amber Riley, Mark Salling, Harry Shum and Heather Morris are all on board for the celebration, which is set to air on March 18, 2014. Kristin Chenowethlast_img read more

JohnDow Appoints Drew Dawson To New Position Of Executive VP, Operations

first_img AdvertisementClick Here to Read MoreAdvertisement Dawson brings lengthy experience to JDI in the tire and automotive aftermarket industries. He began his professional career in 1986 as a salesman with The Goodyear Tire & Rubber Co. in Boston, Mass. He quickly was promoted through the ranks ultimately becoming a regional manager-retail. He left Goodyear in 1991 to go into private business and became the co-owner and operator of Tire Source, now a collection of five independent tire and automotive service centers in Northeastern Ohio. Dawson will retain his co-ownership of Tire Source. At JDI, he will be responsible for overseeing and directing all company operational and financial functions with major emphasis on effectively planning, executing and continuously evaluating the financial and operating plans to meet corporate goals for growth and profitability. Dawson will have direct responsibility for accounting, human resources, warehousing/distribution and purchasing/inventory. BARBERTON, Ohio – Joe Dease, president of JohnDowIndustries (JDI) has announced the appointment of Drew Dawson to the newly created position of executive vice president, operations. “With over 25 years in the automotive aftermarket, Drew brings a wealth of knowledge and experience to JDI,” said Dease. “We are excited to add him to the growing JohnDow team. It is a rare opportunity to find someone who has extensive and widespread industry experience in sales, management, financial planning and ownership. It is a perfect fit for JDI as we aggressively expand our organization.”last_img read more

Roseau South Promised 100% Resurfaced Roads by End of Year

first_img 116 Views   no discussions Share Tweet Sharing is caring! LocalNewsPolitics Roseau South Promised 100% Resurfaced Roads by End of Year by: – February 10, 2020center_img Share Hon Chekira Lockhart-Hypolite.Hon Parliamentary Representative for Roseau South Constituency, Chekira Lockhart-Hypolite is promising her constituents that all their roads will be completely resurfaced by the end of the year.She says a lot of work has already begun in Giraudel, Loubiere and Castle Comfort close to half a million dollars.“The roads at 3rd and 5th Ave, Madrelle have been completed and the cost of that project is well over $250,000.”She adds that the Clark Rd near the Giraudel Primary School was completed.“Currently, the drainage work is ongoing on that project,” she reported adding that, “There were other roads done: two in upper Castle Comfort costing in the region of over $200,000.”Lockhart -Hypolite announced, “The aim is by the end of the first year of my representation as MP is to ensure that all the roads in Roseau South are resurfaced and motorable so that people will have access to their homes.” Sharelast_img read more

Smith arrives late; Jayadev Unadkat likely to lead Rajasthan Royals

first_imgRajasthan Royals are likely to be led by pacer Jayadev Unadkat in the 13th season of the IPL. It is learned that Unadkat will be given the captaincy in the wake of Australia captain Steve Smith’s delay in joining the team. Unadkat will lead the team in the first few matches as well. As soon as Smith arrives, the captaincy will be handed over to him.Read Also : Sanju arrives in Mumbai; Will be returning to UAE for IPL soonThere will be no Australia or England players with the teams in the first week of the IPL. The Rajasthan Royals will be the hardest hit. Smith has been named in the Australia squad for the tour of England. The England squad has not been announced but will feature Joffre Archer, Jose Butler and Ben Stokes in the series.The series consists of 3 T20s and one ODI. The series ends on September 16. The IPL will start on the 19th. However, the players will have to complete a 6-day quarantine when they arrive in the UAE after the tour. Only then can they join the respective teams.Jayadev Unadkat was the captain of Saurashtra who won the Ranji Trophy for the first time in history.Read Also : Rajasthan Royals fielding coach KovidThe IPL will be held in the UAE from September 19 to November 10. There will be 53 matches and 10 double headers in five cities. The evening matches will start at 7.30 pm (UAE time 6). The IPL matches scheduled for March 29 were extended indefinitely after Kovid.Story Highlights – Jaydev Unadkat to Lead Rajasthan Royals in Steve Smith’s Absence News you want to knowIn your Facebook Feedlast_img read more

AFN Unveils List Of Qualified Athletes For Golden League (Photos)

first_imgRelated The Athletics Federation of Nigeria (AFN) has released the official list of qualified athletes for the AFN Golden League in Port Harcourt.According to the national athletics body, athletes on the list have qualified for the final of the events listed on the days.It was also revealed that athletes not listed will have to compete in the qualifying rounds in a bid to pick the fastest times for the remaining final spots.last_img

Weekend Galway GAA Club Football Results

first_imgDivision 1 football LeagueTuam Stars 2-13 Milltown 1-7Caherlistrane 2-18 Salthill-Knocknacarra 0-15Corofin 4-11 Cortoon Shamrocks 2-10Killanin 0-14 Menlough 0-8St. James 2-10 Mountbellew/Moylough 1-12 Division 3 football LeagueKilconly 1-12 Claregalway 2-8Barna 2-15 Headford 1-13Dunmore MacHales 0-15 Killererin 0-10An Spideal 5-14 Corofin 5-13Athenry 0-14 Oileain Arainn 1-10Division 4 football LeagueClifden 0-13 St Brendan’s 0-10Williamstown 1-9 Glenamaddy 0-10St Gabriel’s 2-13 Naomh Anna, Leitir Mór 2-13WERS Waste U15 Football Division 2 ASt. Gabriels 8-7 Loughrea 1-7WERS Waste U13 Football Division 2 AAthenry 2-6 Clarinbridge 3-3WERS Waste U13 Football Division 3 AKilkerrin-Clonberne 4-8 Headford 2-10Gullane’s Hotel Junior B Hurling Championship – Group 1Cappataggle 2-12 Ballinasloe 0-11Mullagh 0-19 Clarinbridge 1-11Ocean Hygiene Supplies & Packaging Under 12 Hurling League – Group 4Meelick-Eyrecourt 4-4 Ahascragh/Fohenagh 2-5Ocean Hygiene Supplies & Packaging Under 12 Hurling League – Group 5Skehana 4-1 Micheal Breathnach 1-1Car Parts Warehouse Division 5 football league (West)Salthill-Knocknacarra 3-14 Micheal Breathnach 0-5Car Parts Warehouse Division 6 football league (West)Salthill-Knocknacarra W/O Carna-Caiseal –St Michael’s 3-17 An Spideal 6-4Fr Griffins/Eire Og 2-13 Barna 2-12Car Parts Warehouse Division 7 football league (West)An Cheathru Rua 0-11 Clifden 1-8Division 5 football league (North)Mountbellew/Moylough W/O Headford –Division 6 football league (North)Athenry W/O Williamstown –Kilkerrin-Clonberne 1-18 Dunmore MacHales 0-10Kilconly 2-11 Cortoon Shamrocks 1-10Division 7 football league (North)Menlough 1-11 Padraig Pearses 1-9print WhatsApp Facebook Twitter Email Division 2 football LeagueAnnaghdown 4-18 Kilkerrin-Clonberne 0-4An Cheathru Rua 3-8 Monivea-Abbey 1-12Micheal Breathnach 0-13 St Michael’s 1-9Moycullen 3-15 Caltra 2-10last_img read more

Hurling Previews for the weekend

first_imgIntermediate Hurling Championship – Group 2Kiltormer v Annaghdown, Duggan Park at 7pmSaturday April 6thSalthill Hotel Senior A Hurling Championship – Group 1Portumna v Turloughmore, Kenny Park at 3pmSalthill Hotel Senior B Hurling Championship – Group 1St Mary’s GAA Athenry v Beagh, Loughrea at 3pmSalthill Hotel Senior B Hurling Championship – Group 2Abbeyknockmoy v Ardrahan, Duggan Park at 3pmIntermediate Hurling Championship – Group 1Kilconieran v Moycullen, Pearse Stadium at 3pmSalthill Hotel Senior A Hurling Championship – Group 1Tommy Larkins v Castlegar, Duggan Park at 4.45pm Salthill Hotel Senior B Hurling Championship – Group 2Kilnadeema-Leitrim v Gort, Loughrea at 4.45pm Salthill Hotel Senior B Hurling Championship – Group 1Craughwell GAA Club v Oranmore-Maree, Pearse Stadium at 4.45pmIntermediate Hurling Championship – Group 1Carnmore v Turloughmore, Kenny Park at 4.45pmSunday April 7th Salthill Hotel Senior B Hurling Championship – Group 1Ahascragh/Fohenagh v Pádraig Pearses, Kenny Park at 12.45pmSalthill Hotel Senior A Hurling Championship – Group 1Liam Mellows v St Thomas, Kenny Park at 2.30pmSalthill Senior A Hurling Championship – Group 2Loughrea v Tynagh/Abbey-Duniry, Duggan Park at 4pmSalthill Hotel Senior B Hurling Championship – Group 2 Balindereen v Kilimordaly, Gort at 4pmIntermediate Hurling Championship – Group 1 Kinvara v Sylane, Pearse Stadium at 4pmIntermediate Hurling Championship – Group 2An Spidéal v Meelick-Eyrecourt, Carnmore at 4.30pmSalthill Senior A Hurling Championship – Group 2 Cappataggle v Sarsfields, Duggan Park at 5.45pmSalthill Hotel Senior B Hurling Championship – Group 2 Mullagh v Clarinbridge, Gort at 5.45pmIntermediate Hurling Championship – Group 2Rahoon-Newcastle v Castlegar, Pearse Stadium at 5.45pmprint WhatsApp Facebook Twitter Email Sean Walsh and Niall Canavan were in Kenny Park, Athenry last night to look ahead to the start of the Galway Hurling Championships in the company of Hurling Committee Chairman Mike Larkin and St Thomas’ and Galway star David Burke.. Friday April 5th last_img read more

Silver medal for Nelson Atom Leafs

first_imgThe Nelson Leafs lost to host team 8-4 at the Castlegar Minor Hockey Atom Tournament Sunday in the Sunflower City. The Leafs finished 2-1 in round robin, defeating both Kelowna 7-2 and Cranbrook 9-3. The result advanced Nelson as the fourth-place squad against first-place Trail Spartans. Nelson posted the upset, to advance into the final before concluding the tournament with the silver medal. The team includes, coaches Kevin Dewar, Aaron Shrieves, Shawn Correnti and players Dax Dewar, Theo Byers-Bohigen, Sebastien Conne-Correnti , Gunner Evenson Larson Proctor, Sawan Bhabra, Cash Linnen, Kale Gerhman, Grady Groenhuysen, Eryn Dimopoulus, Leif Luttmer, Austin Shrieves and Griffin Wanhella.last_img

Peewee Leafs rally to capture Nelson Rep Tournament

first_imgGoalie Grady Groenhuysen’s shootout save sparked the Nelson Leafs to a 4-3 victory over Revelstoke in the final of the Nelson Minor Hockey Peewee Rep Tournament Sunday at the NDCC Arena.Groenhuysen’s save came after Dax Dewar put the Leafs, which have now won three consecutive tournaments, up in sudden-death shootout.After both teams advanced to the final, Nelson blasting Wenatchee Wild 10-4 in the semi-final, Revelstoke looked poised to stop the run of the Leafs after jumping to a 3-0 lead after two periods. However, the Leafs began to chip away at the lead 30 seconds into the third period.Leaf’s Captain Sebastian Conne-Correnti cut the lead to 3-1 before Eliot Rude closed the margin to a single goal with a marker.Miller Tedesco then tied the game at 3-3 with time running out in the third period.After two five-minute overtime periods settled nothing — the first five-minute frame a 4-on-4 game —  followed by a 3-3 mini-contest, the teams went to shootout.Tedesco and Jack Boyes scored for Nelson as the teams finished regular shootout tied at 2-2, setting the stage for the sudden death format to decide the championship.Seven teams from Spokane, Wenatchee, Coeur d’Alene, Vernon, Grand Forks and Revelstoke joined host Nelson in the three-day tournament, which began Friday at the NDCC Arena.last_img read more