The Committee on Payment and Settlement Systems (CPSS) and the International Organization of Securities Commissions (IOSCO) published a consultative report that outlines the issues that should be taken into account for different types of Financial Market Infrastructures (FMIs) when putting in place effective recovery plans and resolution regimes. The report builds on the CPSS-IOSCO report published in April 2012 that calls for FMIs to have effective strategies, rules and procedures to enable them to recover from financial stresses.
HM Treasury (HMT) published a consultation on financial sector resolution that sets out proposals and questions on enhancing the mechanisms available for dealing with the failure of systemically important non-banks. The consultation focuses on four broad groups: investment firms and parent undertakings; central counterparties (CCPs); non-CCP financial market infrastructures (non-CCP FMIs); and insurers.
The Clearing House Payments Company, L.L.C., on the basis of its role as operator of the Clearing House Interbank Payments System
CLS Bank International
Chicago Mercantile Exchange, Inc.
The Depository Trust Company
Fixed Income Clearing Corporation
ICE Clear Credit LLC
National Securities Clearing Corporation
The Options Clearing Corporation
Knight's armour loses its shine
Nomura suffers a Lehman limp
The moment any investing strategy becomes accepted as superior, it becomes self-destructive. At the right price, any asset can provide a better return than any other. At the wrong price, you’ll lose money even if there is a thousand years of data behind you.
If you want real returns, you need to own real assets, purchased at an appropriate price. Property or equities, it needs to be something that is yours, to keep, irrespective of how much inflation, deflation or economic growth there is. Holding cash might seem prudent today but, long term, it is almost certain to erode your real wealth.
A. Reporters sometimes think that the particular questions on their mind, rather than the ones scientists are studying or those that scientists know about, are the important ones. Thus, reporters sometimes ask research psychologists questions about SWB that are either uninteresting from a scientific point of view, or about which the scientist knows little.
- No student is to visit any other school for any purpose before, during or at the end of the normal school day, or to be in the vicinity of another school without proper cause;
- No student is to enter the grounds or buildings of another school without proper cause: students who do so will be referred to the police to be charged with trespass;
- No student is to dress in any other school uniform than that of her/his own school;
- No student is to engage in activities capable of being interpreted as being a scavenger hunt or similar;
- No student is to throw eggs or water bombs or similar projectiles at students, staff, vehicles, buildings or property in any circumstance; and
- All Year 12 students are expected to continue to behave with dignity and decorum as befits senior secondary students and young adults, especially on public transport, on railway stations and bus stations, in public places and on the way to and from school, and in all settings where inappropriate behaviour may bring discredit on their school.