The Commission said the changes would help make the funds more attractive to investors.Invest Europe, the association for European private equity and venture capital, said it welcomed the agreement reached by the three EU institutions.“Several positive elements of the Commission’s proposal were accepted, including those extending the regime’s scope and flexibility on eligible investments,” it said. “We anticipate that the final text will be appropriate and proportionate for the venture capital industry’s needs, to improve take-up of the EuVECA label and facilitate greater investment in Europe.”In November last year the Commission and the European Investment Fund – a branch of the European Investment Bank – launched a pan-European venture capital fund of funds in a bid to attract capital from major institutional investors.In Denmark, a recent proposal from the country’s IT industry association for a state-supported venture capital fund drew a cautious response from some pension funds.Securitisation rules take a step forwardAlso this week, EU lawmakers agreed a new regulatory framework on securitisation which they hope will free up €150bn for investment into the European economy.It is hoped this will revive interest in the asset-backed securities (ABS) market by setting out criteria to distinguish “simple, transparent, and standardised” (STS) securitisations from more opaque and complex ones.In a statement, the Commission said the regulatory package “bears no relation” to the securitisation of sub-prime mortgages in the US that was a major factor in the 2007-08 financial crisis.“The European Commission does not intend to go back to the days of opaque and complex sub-prime instruments,” it said. The new regulatory framework for securitisation comprises two legislative measures: a regulation on securitisation that includes rules on due diligence, risk retention, transparency, and criteria defining STS securitisations; and an amendment to the capital requirements regulation for banks.Edward Scicluna, minister for finance of Malta, which currently holds the Council presidency, said that it would help “relaunch the securitisation market”.The Council in a separate statement said: “Developing a securitisation market will help create new investment possibilities and provide an additional source of finance, particularly for SMEs and start-ups.”However, the framework still faces some hurdles, especially over the so-called “retention rate”, which sets how much an issuer of a securities package has to hold onto as a guarantee of propriety.The Commission’s initial proposal was for ABS issuers to retain 5% of the whole issuance. A draft text from the European Parliament raised the minimum to 10% or, in certain circumstances, higher. Dutch rapporteur Paul Tang supported the latter position on the grounds that the market needed to survive “in good times but also in bad times”.Finance Watch, a public interest association in Brussels, argued: “Unfortunately, at 5%, the risk retention requirement is too low to provide a meaningful [disciplinary] effect for banks.”The Association for Financial Markets in Europe added that it understood there would be “provisions for supervisors to monitor build-up of excessive risks on the market and to be ready to step up with warnings or recommendations”. However, there were still “technical details” to be agreed.On the other side of the fence, Austrian MEP Othmar Karas said too many limits would prove detrimental: “If you were to build a car that has seven safety belts, eight airbags and can only drive a maximum of five kilometres per hour, nobody would buy it.”The European Commission has called the securitisation rules “one of the cornerstones of the CMU”.“Securitisation can allow diversification of funding sources and a broader distribution of risk by allowing banks to transfer the risk of some exposures to other institutions or long-term investors, such as insurance companies and asset managers,” the Commission said.“This allows banks to free the capital they set aside to cover for risks of those exposures, allowing them to generate new lending to households and SMEs. STS securitisations will also provide new investment opportunities for institutional investors such as pension funds and insurance companies.” The European Union has agreed new rules aimed at stimulating venture capital investments in the EU and reviving the region’s securitisation market.The agreements on both sets of regulations are part of the European Commission’s action plan to create a Capital Markets Union (CMU) in the EU.The revised regulations on European venture capital funds (EuVECA) and European social entrepreneurship funds (EuSEF) will open these areas up to larger fund managers and expand the range of companies in which the funds can invest.The new rules will also make cross-border marketing of the funds cheaper, and simplify registration processes.
Societe Generale Securities Services (SGSS) has partnered with a French financial technology company to introduce automated performance commentaries for its asset management clients.The fintech firm, Addventa, uses artificial intelligence (AI) techniques to draft portfolio management commentaries in a range of languages and covering specific time periods, based on data from SGSS’ analytics tools.In a statement, SGSS said the new service would help fund managers and investment teams to meet their regulatory reporting requirements and free up time for staff to spend on other work.Damien Jamet, head of transformation and innovation at SGSS, said: “This partnership is another illustration of Societe Generale’s open innovation and partnership approach with the fintech ecosystem.” SGSS has joined a growing list of companies exploring uses of AI and related technologies to improve financial products and processes.Most recently, Japan’s Government Pension Investment Fund published a report that suggested using AI could improve its analysis of manager performance and inform its selection process.Dutch asset manager NN Investment Partners hired a head of AI investing in September. Rani Piputri has been tasked with overseeing the company’s 16 investors, data scientists and researchers running €11bn across several factor investing strategies.Earlier this year, the Finnish Centre for Pensions ran tests that suggested AI technology could predict — to some extent — which individuals would take early retirement on health grounds.In tests, the technology managed to identify four out of five retirees taking a disability pension two years before they had actually done so, the centre said.
ESTHERVILLE, Iowa – AERO Race Wheels complements its highly visible feature win decal program with awards for IMCA special events competitors and state champions again this season. And for a 13th consecutive season, AERO provides the feature win decals are to be given to drivers in all IMCA divisions following sanctioned main event victories. Special event awards will be mailed from the IMCA home office the week after official race results are received. State champion product certificates will presented during the national IMCA banquet in November or mailed beginning in December. “Everyone here is excited to continue our partnership with IMCA Racing,” said AERO Marketing Manager Kelli Peton. “We believe in IMCA Racing and what it stands for in our industry.” “AERO has long been about winning races and making wheels that IMCA racers can trust will get them to victory lane,” said IMCA Marketing Director Kevin Yoder. “It only makes sense to continue to provide AERO-branded feature win decals to all IMCA sanctioned tracks to hand out to their racers following those wins.” Information about AERO-manufactured wheels is available at the www.aeroracewheel.com website, by calling 888 895-2376 and on Facebook. The Estherville, Iowa, manufacturer and 23-year sponsor gives $40 product certificates, good toward the purchase of two wheels, to designated place finishers at 80 special events for IMCA Modifieds, IMCA Sunoco Stock Cars, IMCA Sunoco Hobby Stocks, Karl Kustoms Northern SportMods and Smiley’s Racing Products Southern SportMods. E3 Spark Plugs state champions in the same divisions, as well as Mach-1 Sport Compacts, all receive $25 certificates.
Linda L. Colson, 75, Greensburg, Indiana, passed away on Saturday, December 7, 2019 at the Arbor Grove Village in Greensburg. Born January 13, 1944 in Dearborn County, Indiana, she was the daughter of James Davidson and Marjorie (Jenkins) Allgeier. Linda graduated from Sunman High School in 1962. She was an excellent cook and she started writing her own cookbook after learning how to use a computer. She made doughnuts for several years at the Marsh Store on Lincoln St., owned her own restaurant and bakery, decorated cakes, and was a 4H leader. She was a member of the Bethel Apostolic Church and the Eagles Auxiliary. She was married to Ray Colson on October 31, 1964 and he preceded her in death on March 8, 2001. She is survived by one son, Gary (Nenita) Colson, Greensburg; three daughters, Barbara (Richard) Niece, Greensburg, Jina Dickson, Rushville, Lisa (Daryl) Sublette, Westport; five brothers, Larry Davidson, Moores Hill, David Davidson, Milan, William Davidson, Moores Hill, Tim Davidson, Moores Hill, Greg (Tammy) Davidson, Milan; four sisters, Judy (George) Volz, Milan, Shirley Berry, Moores Hill, Marlene (Melvin) Honeycutt, Elrod, Susie (Richard) Van Dyke, Greensburg; nineteen grandchildren and 20 great grandchildren. She was preceded in death by her parents, husband; one son, David Colson; four brothers, James Davidson, Pat Lazenby, Raymond Jenkins, Jerry Davidson; one great grandson, Taylor Colson. Visitation will be held on Tuesday from 11 to 1:00 p.m. at the Porter-Oliger-Pearson Funeral Home in Greensburg. Funeral Services will follow at 1:00 p.m. on Tuesday, December 10, 2019 at the funeral home with Rev. Darrell Poling officiating. Interment will be held in the Rossburg Cemetery in New Point. Memorials may be made to the Greensburg Eagles Auxiliary. Online condolences can be made to the family at www.popfuneralhome.com
Nationwide — The 2020 Census is happening now. You still have time to complete your questionnaire online, by phone, or by mail. If you received an invitation by mail, complete the questions, and return in the envelope provided.If you did not receive the invitation by mail, you can click here to start the process online. Please note that if you are responding online, you must complete the census in one sitting, as you don’t have the ability to save your progress. You can see the questions the census asked.Even if you did not receive an invitation to respond from the Census Bureau, you may respond online or for questions about responding to the 2020 Census, call the hotline in English at 844-330-2020. Visit the Responding by Phone page for more information and for live agent support lines in Spanish, Mandarin, Cantonese, Vietnamese, Korean, Russian, Arabic, Tagalog, Polish, French, Haitian Creole, Portuguese, or Japanese.
“We didn’t score an early goal, but it was the perfect time, five minutes before half-time, and I think we controlled the game during the 90 minutes, were definitely the better side and deserved this win.” Dzeko’s impressive individual display came amid reports that he is close to signing a new contract at the Etihad Stadium, but it was collective, rather than individual plaudits which were of greater interest to the Bosnia-Herzegovina international. He said: “I am very happy because of my performance and the performance of the team because I think we were brilliant. “It’s always good to start the season with a win, especially away at Newcastle where it is always tough to go.” Dzeko’s mood was in sharp contrast to that of Newcastle debutant Jack Colback as he and his team-mates emerged from a tight encounter with nothing to show for their efforts. Manager Alan Pardew was quick to take positives from a spirited display in the immediate aftermath, and urged his players to take them into Saturday’s trip to Aston Villa. Colback told nufcTV: “We are disappointed with the result. You get nothing for good performances, but defeats. “We are not going to come up against the quality that City have every week and we are going to get more chances against the teams who aren’t the so-called better teams, so we have got to take the positives out of Sunday and look to go there and get some points.” Tyneside-born Colback fulfilled a dream when he made his league debut for the club he supported as a boy after spending the whole of his career until the end of last season with arch-rivals Sunderland. The 24-year-old said: “It was bittersweet, really, coming off with a defeat. It would have been fantastic to have come away with at least a point. “But it was great to finally have that moment and get it under the belt.” The reigning champions launched their defence with a hard-fought 2-0 victory at Newcastle on Sunday with an efficient, rather than dazzling display. Title rivals Liverpool and Arsenal both enjoyed even narrower successes in their opening fixtures, and Dzeko knows there is no room for complacency during a campaign he expects to be as competitive as ever. The 28-year-old frontman told CityTV: “It’s just the beginning of the season and it will be, definitely, a long season with the five teams fighting for the title. This is just the beginning. “It’s good to start with a win, but we are not there. There are so many games to come and we have to prepare for the next one, for the big game against Liverpool to try to win at home. “We have brought in some great new players. Some of them still need time because it was the World Cup and a lot of us came later to the pre-season. “I think we can still improve a lot. Each game, we can be better and better and just try to continue where we finished [at Newcastle].” Dzeko was a key figure in the win at St James’ Park despite not finding his own way on to the scoresheet. It was his clever back-heel after he had drawn central defenders Fabricio Coloccini and Mike Williamson to the ball which allowed David Silva to fire City into the lead against the Magpies, just as he had done 12 months earlier. But if Silva’s 38th-minute intervention gave the visitors the advantage, it was one they were unable to push home until substitute Sergio Aguero beat Tim Krul at the second attempt in stoppage time at the end of the game. Dzeko said: “We played very well. From the first minute, we were there like the manager wanted us to be, from the first minute to try to press them high, to try to score a goal. Press Association Edin Dzeko has insisted Manchester City will take nothing for granted as they attempt to defend their Barclays Premier League title.
Press Association With Munster’s scrum now really getting on top – Wiehahn Herbst had been taken off on 51 minutes – it was only a matter of time before points would come and Keatley duly delivered his fifth penalty on the hour. Again Ulster looked to Bowe to ignite them and he scythed through a lineout only to throw a pass back inside which was never near Chris Henry. Then just before the final 10 minutes, Paul Marshall – brought on and put on the wing for the injured Peter Nelson – took Earls out in the air, with Keatley’s strike taking Munster’s lead to 18-13. Jackson cut this to two points after Munster strayed offside and then there was another dramatic break from Bowe which ended up with Dan Tuohy kicking away the ball with Ulster getting advantage from a knock-on. But then the play was called back and after consulting with the TMO, Henderson was shown red for his smash on O’Mahony. From there, Munster turned the screw with Earls scoring in the right corner after a lineout maul though Keatley’s conversion sailed wide. But there was more drama with Paul Marshall scoring in the left corner in the final minute with Jackson’s superb conversion drawing the sides level. Tries at the end of either half – the first a cracker from Tommy Bowe and Paul Marshall bagging the second – got Ulster back into a game which looked to be slipping away from them while Munster managed six penalties from Ian Keatley and a try from Keith Earls. Ulster turned a 9-0 deficit round into a 10-9 lead right at the end of the first half through Bowe’s dramatic try and then battled back from 23-16 and Henderson’s red card to snatch the draw. Keatley opened Munster’s account after five minutes with a penalty after making a strong opening though they lost flanker Tommy O’Donnell to injury. Keatley then made it 6-0 on the half hour after Ulster’s scrum was penalised and that quickly became 9-0 after Henderson strayed offside at a ruck. But with just two minutes left in the half, Ulster responded in dramatic fashion. Jackson kicked a 38th minute penalty after Munster’s scrum was penalised and then, out of nothing, Bowe scored a scintillating try in the final minute of the half. After Rory Best had secured a high ball, Ulster moved it wide and a deft pass from Henderson worked Bowe into space. The Ireland and Lions winger dodged and swerved his way past several defenders to dramatically dive over the line and Jackson’s conversion gave Ulster a 10-9 lead. That quickly became 13-9 three minutes after the restart when Jackson kicked his second penalty but the visitors hit back 13 minutes in with Keatley’s fourth penalty from right under the sticks cutting Ulster’s lead to a point. The game also saw Ulster’s Iain Henderson red-carded late in the second half for leading with his head when hitting Ronan O’Mahony at a ruck, forcing the home side to finish the game with 14-men. Ulster’s hopes of hosting a semi-final now also look to be somewhat unlikely as they not only have to win at Glasgow next week but also have to hope that Munster and the Ospreys fail to taste victory. A superb last minute conversion from Paddy Jackson ensured that the spoils were shared at the Kingspan Stadium as Ulster drew 23-23 with Munster to set up a dramatic clash next weekend to decide who will host the Guinness PRO12 semi-finals.
While fans across the country were caught up in the Heisman hype this weekend (the voters got it right this year, by the way), Bret Bielema and the Wisconsin Badgers offered fans a closer, more personal look at their football team.At Friday’s inaugural Wisconsin Football Awards Show, several awards were presented, including Team MVP, Rookie of the Year and the Badger Power Award. While the awards were a nice way to acknowledge the players’ accomplishments, the personal, heartfelt speeches and interviews really made the newly developed event worth attending.Along with coaches, coaches’ wives, media and fans, the parents of many of the members of the football team were in attendance, making the event even more personal as the award winners spoke after earning recognition for their efforts.Two sets of parents did more than just watch the event, however, as they were interviewed onstage by co-host Mike Lucas, who does radio color commentary for UW football games.It was these interviews that really allowed fans to get a closer look at the personal lives of the players, as well as learn more about the team’s two defensive captains.First, Anthony and Dawn Schofield sat down with Lucas to discuss the accomplishments of their son, O’Brien Schofield. The interview fit well with the family and senior theme that was emphasized on the night, and offered some insight on the development of the UW senior defensive end and captain.“O’Brien always wanted to be the one on top,” Dawn Schofield said. “I’ve always encouraged him to give 110 percent and never give up whenever he’s participating in any type of sports.”She added she “most definitely” gets excited when she sees her son bearing down on a quarterback or getting ready to make a tackle for loss in the backfield.Dawn Schofield also offered an anecdote about her son’s homesickness as a freshman.“I think his freshman year I saw O’Brien every weekend,” she said. “I had to encourage him although we were not far away, that he could not come back home.”Luckily for the Schofield’s and Badger fans, O’Brien got over his homesickness and has since developed into one of the best defensive ends in the country, despite joining the Wisconsin football program as a linebacker.Anthony Schofield also noted that his experience in the military is something that has helped him encourage his son in football and in life.“Within the military, you’ve got to have that discipline, attention to detail and you’ve also got to understand that all days are not going to be good days,” he said. “I’ll constantly talk to O’Brien about that in regards to football. You have to discipline yourself at all times, regardless of how bad you want to go back there and get the quarterback.”The elder Schofield mentioned some advice he offered to his son.“I told him, ‘Don’t look back.’ And also, if he does, I’ll put him in the military.”Later in the evening, the parents of Chris Maragos — Nick and Cindy Maragos — joined Lucas on stage to discuss their son’s journey from high school to the University of Wisconsin.When asked about the advice they gave him as a senior in high school, Cindy Maragos echoed the faith that is such a large part of Chris’ life.“We said, ‘Chris, you’ve just got to follow your heart, go to the best school that you can go to in the division that you want, see what happens and leave it in the Lord’s hands,” she recalled.As Lucas continued the interview, he asked about the one thing on everyone’s mind when talking about Chris Maragos: the journey from redshirting and playing wide receiver at Western Michigan to sitting out a year and starting at free safety at Wisconsin.In discussing Chris’ decision to transfer from Western Michigan to Wisconsin after his redshirt freshman season, Nick Maragos was candid about how he felt at the time.“I thought it was a year too late,” he said. “I was hoping Chris would come a year earlier. But he made that decision, stepped up like a man, moved out and said that he was going to come here. He wasn’t really respected the way that he wanted to be at Western Michigan.”When he did transfer to Wisconsin, things did not really go according to plan. Maragos never got a chance to play wide receiver at UW, but it worked out well in the end.The Racine native switched from wide receiver to safety and brought with him a large contingent of fans, known as the “21 Club.”As a senior, Maragos was named captain, something that meant a lot to him and his family.“I still have the text message on my phone,” Nick Maragos said. “It was one simple text: ‘I got captain.’”On a Wisconsin team that made one of the biggest turnarounds from one year to the next in 2009, Schofield and Maragos were two of the most important factors as captains of the defense.Without guidance from their parents, however, they would never have been in the position to lead the University of Wisconsin football team in the first place.Jordan is a senior majoring in journalism and political science. Have a story to share about the 2009 Badgers? Enjoy this year’s senior class for football as much as Jordan did? E-mail him at email@example.com.
[View the story “Syracuse community reacts to win over Boston College” on Storify] Comments Published on February 14, 2016 at 3:02 pm Facebook Twitter Google+
Despite winning each of their first 10 matches, USC women’s water polo lost for the first time this season. Falling 9-3 to No. 1 Stanford in the championship match of the Barbara Kalbus Invitational, the Women of Troy found a disappointing end to what was an otherwise strong showing for the squad.Sophomore driver Kelsey McIntosh has scored 14 goals in the 2018 season, the third most on the Trojans’ squad. Daily Trojan file photo.“By the end, recovery played a huge role,” head coach Jovan Vavic said. “We were definitely worn out.”To start out the tournament, action was business as usual for USC. After dismantling No. 18 San Jose State by a 17-1 margin on Friday, the Trojans were off and running. Against the Spartans, nine different players found the back of the net, six managed to score twice, and two (drivers freshman Paige Hauschild and sophomore Denise Mammolito) notched hat tricks. As a team, USC opened up the match with a massive 16-0 run only conceding a late goal in the final seven minutes of play.On Saturday, USC faced a tough pair of opponents standing between them and a shot at winning a third consecutive Barbara Kalbus title. In the first match of the day, the Trojans took down No. 6 Arizona State 8-6 in a hard fought, back-and-forth affair. Taking a 5-5 tie into the fourth period, USC stepped up when it mattered most, striking three more times to secure the victory before the Sun Devils could find any footing. Senior utility player Annika Jensen became the third Trojan to pick up a hat trick over the course of two games while Hauschild netted her fourth and fifth goals of the tournament.Moving on to the semi-finals, No. 2 Cal. represented the toughest test the Women of Troy had faced thus far in the 2018 season. Early in the match, the Golden Bears were proving just why they are such a difficult squad to overcome. California came out firing, pinning down USC 3-1 within the first few minutes of the game. The Trojan defense tightened up in the second period and by halftime, the score was knotted up 3-3.Continuing momentum off a strong end to the half, junior goaltender Amanda Longan dominated the final half of play. In a career-best performance of 18 saves, Longan repelled shot after shot from the dangerous Cal team. Her performance completely shut down Cal for yet another period in the third, allowing USC to take a 5-3 lead into the fourth off goals from senior drivers Brianna Daboub and Jensen. Despite conceding their 2-goal lead, USC found a late spark as Jensen completed her second consecutive hat trick with a clutch score that came with just 18 seconds left in regulation time. “[Jensen] stepped up and that’s what you do as a senior,” Vavic said. “I’m excited to see what she can do.”All that remained for USC to secure a third-straight title was a championship match against No. 1 Stanford. As it turned out, the Trojans’ long stretch of success would finally come to an end. After turning in a number of dominant offensive performances throughout the early season and the first few matches of the tournament, the goal scoring faltered Sunday against Stanford as the Women of Troy fell 9-3 to the Cardinal.Despite failures to convert on key chances early in the match, USC was down only 3-2 in the second period. At this point, the floodgates opened and Stanford managed to score four consecutive goals until a last-minute score from Trojan freshman driver Verica Bakoc closed the Trojans’ deficit to 7-3 heading into the half. While this margin is certainly within striking range, USC was unable to close the gap as the Cardinal completely shut down the Trojans’ attack for the remainder of the game to take home the title.Looking ahead, the squad will have a few weeks off before taking on No. 7 UC Irvine on March 7.