SIFMA white paper calls for cross-border regulatory co-operation

first_img The U.S. Securities Industry and Financial Markets Association (SIFMA) calls for a new approach to cross-border regulatory co-operation in a white paper published Thursday.The trade group’s white paper examines new ways to strengthen bilateral regulatory co-operation. Amid geopolitical events, such as Brexit and the U.S.-China trade tensions, SIFMA says that there’s an opportunity to reconsider the existing approach to co-operation. James Langton Task force recommends sweeping changes to OSC Shuttering of national securities regulator came as no surprise to industry Keywords Securities regulationsCompanies Securities Industry and Financial Markets Association “Effective regulatory co-operation between regulators in different jurisdictions is vital in both delivering financial stability and ensuring that the global financial system can make its full contribution to economic growth,” the paper says.However, existing mechanisms, “are insufficiently robust to help the two jurisdictions really enhance the coherence of their respective regulations,” says the paper.The paper advocates for a middle ground between the existing ad hoc mechanisms for cross-border co-operation, and enshrining certain measures in trade agreements.It calls for “a new standard of regulatory cooperation, grounded in strong commitments by the cooperating parties as to how they will function and be governed, but without relying on formal trade agreement frameworks, and allowing a meaningful role for the private sector.”According to SIMFA, a new mechanism should include: clear timetables, published goals and objectives, transparency, meaningful industry consultation, as well as a follow-up process, which could be governed through robust memorandums of understanding, rather than being enshrined in law.The full white paper can be found here: https://www.sifma.org/resources/submissions/bilateral-regulatory-cooperation/. Wall Street Bull bronze sculpture in the Financial District in Manhattan palinchak/123RF New IAFP program lets CFAs fast-track to planner designation Share this article and your comments with peers on social media Related news Facebook LinkedIn Twitterlast_img read more

Lettuce Winter Tour Dates Announced!

first_imgAfter an extremely successful fall tour which we were honored to be involved in, Lettuce has announced plans for a winter run that begins in Florida after Jam Cruise, hits the previously neglected West Coast and Colorado region and dabbles a bit in the midwest. The tour will be called “Lettuce 2015, A Funk Odyssey.” Check out the full dates below:1/6-10 – Miami, FL @ Jam Cruise 131/11 – Fort Lauderdale, FL @ Revolution Live 1/13 – St. Petersburg, FL @ Jannus Live1/14 – Lake Buena Vista, FL @ House Of Blues1/16 – Athens, GA @ Georgia Theatre1/17 – Charleston, SC @ Music Farm1/18 – Winston Salem, NC @ Ziggys Music Park2/3 – Solana Beach, CA @ Belly Up Tavern2/4 – Los Angeles, CA @ El Rey Theatre2/5 – Crystal Bay, NV @ Crystal Bay Club2/6 – Portland, OR @ Wonder Ballroom2/7 – Seattle, WA @ Neptune Theatre2/8 – Boise, ID @ Knitting Factory2/10 – Missoula, MT @ Top Hat2/11 – Park City, UT @ Park City Live2/12 – Aspen, CO @ Belly Up Aspen2/13 – Telluride, CO @ Clubred2/17 – Minneapolis, MN @ First Ave2/18 – Madison, WI @ Majestic Theatre 2/19 – Urbana, IL @ Canopy Club2/20 – Detroit, MI @ St. Andrews Hall2/21 – Toronto, ON @ Danforth Music HallThe funk powerhouse also recently announced a return to Red Rocks on June 5 with The Motet.last_img read more

Team Up 4 Community

first_imgTeam Up 4 Community has again partnered with the New York State Public High School Athletic Association to encourage student-athletes to give back to their communities through the Community Service Challenge. “Through community service, a big part of the interscholastic athletic experience, students, coaches, and administrators are able to give back to the people that support them each and every day,” said Team Up 4 Community, an organization that promotes youth athletic community service and outreach. The W20 Foundation project boasts over 17,211 participants who have donated 90,733 total hours and raised $355,744 for local causes this past fall and spring. There are 67 participating teams on Long Island and several who have completed campaigns on the East End. Fall sports teams at Riverhead High School helped make a dream come true for a 12-year-old diagnosed with acute lymphoblastic leukemia by raising nearly $4000 through a Make-A-Wish raffle. The 60 participants from the Riverhead cheerleading, field hockey, and tennis booster clubs donated 60 hours of their time and the money was presented to the Riverhead resident, allowing him to fulfill his dream of going on a shopping spree at Best Buy to purchase new electronics and gadgets. Westhampton Beach athletes have raised awareness and support for childhood cancer. Four student-athletes — Sean Bass, Sydney Anastasia, Keira Csabon, and Kaitlyn McDermott — showed their support and brought awareness during the Childhood Cancer Awareness Month in September. These four athletes witnessed the struggles that their friend, who had childhood cancer, went through, and how Alex’s Lemonade Stand Foundation supported her during her difficult time. The freshmen wanted to give back to an organization that continues to help children fight, so they developed a plan for their own lemonade stand and took the idea to Principal Christopher Herr for approval. After being given the go-ahead to start this year, the four athletes hosted a lemonade stand to raise funds for Alex’s Lemonade Stand Foundation. The Foundation funds research for childhood cancer treatments and supports the brave kids battling cancer. They were at every home varsity football game this year to raise funds and awareness. Administrators, coaches, and student-athletes are eligible to apply on behalf of the school, team, or group and participants can enroll through June 1. “Is your school or team doing something special during this unprecedented time?” NYSPHSAA said in a statement. “Nominate them for the spring community challenge.” To do so, sign into an existing or create a new account at www.teamup4community.org/nysphsaa, and create a challenge by entering the title of the event, the number of participants, hours volunteered, and amount of money raised, if any, although not a requirement. You can add photos and video, and must provide a description of the event. “This is your chance to recognize all the work your team did and showcase all the good you’ve done for your community,” Team Up 4 Community said. “Check out the rubric to help you craft your event description and improve your chances of being selected as a Community Service Challenge winner!”[email protected] Sharelast_img read more