Smaller UK banks to review sale of hedging products‎

Seven smaller banks have signed onto an effort to review, and redress, improper sales of interest rate hedging products, which was announced by British regulators last month. On June 29, the UK’s Financial Services Authority (FSA) announced that four big banks (Barclays, HSBC, Lloyds and RBS) had agreed to provide redress to customers who were improperly sold complex interest rate hedging products, after the FSA’s review of these sales found a range of poor sales practices including: poor disclosure of exit costs; failure to ascertain the customers’ understanding of risk; non-advised sales straying into advice; over-hedging; and, incentives driving these practices. And, it noted that the improper sales resulted in “a severe impact” on a large number of the small- and medium-sized businesses that bought these complex products. OSFI seeks to step up sector’s cyber resilience Related news On Monday, the FSA said that seven additional banks have volunteered to review their sales of these products, too, including: Allied Irish Bank (UK), Bank of Ireland, Clydesdale and Yorkshire banks, Co-operative Bank, Northern Bank and Santander UK. They will participate in the review and redress exercise on the same basis as the larger banks. The regulator notes that these seven banks represent a small proportion (around 10%) of the overall interest rate hedging product sales in the United Kingdom. And, the FSA has not examined their sales of these products, so it has not found whether they have engaged in the same practices as the larger banks. So, it notes that by agreeing to join the review, the banks are ensuring customers that bought these products will be treated consistently regardless of who sold them. The FSA also said that it has now agreed with the four larger banks on the terms of reference for their independent reviewers, and it expects the banks to proceed rapidly with their reviews. Clive Adamson, director of supervision in the FSA’s conduct business unit, said, “The terms of reference that we have agreed for the independent reviewers shows the detailed and thorough scrutiny that we will expect of them.” Adamson also noted that the participation of the seven smaller banks in the review and redress exercise, “shows their willingness to do the right thing and ensure their customers who bought these products can be confident that they will be treated on an equal basis.” Keywords Banking industryCompanies Financial Services Authority James Langton Translating climate risks into financial risks takes work How should banks allocate capital for crypto? Share this article and your comments with peers on social media Facebook LinkedIn Twitter read more

Treatment landscape for lung cancer

first_img Phoenix Business Consulting invests in telehealth platform Healpha Lung Cancer Awareness Month The missing informal workers in India’s vaccine story As November is observed as Lung Cancer Awareness Month, Dr. Shraddha Bhure, Medical Director, BI India and Dr. Partha Gokhale, Head Medical Affairs for Specialty, BI India highlight that toxic and non-specific nature of conventional chemotherapy is being replaced by personalised and targeted therapy, leading to better patient outcomes and comparatively better quality of lifeLung cancer is considered the deadliest of killers amongst all cancers. In 2018, nearly 1.8 million deaths across the globe were attributable to lung cancer alone. In India, 60,000 patients succumbed to lung cancer that year. While breast and prostate cancers have large and widespread awareness campaigns, lung cancer is often left languishing behind.Lung cancer occurs when certain cells in our airways and air sacs undergo uncontrolled proliferation. This can become widespread and invade (metastasise) other crucial organs like the liver and brain. Lung cancers are usually multifactorial, i.e. interaction between a person’s genetic factors and the different types of external agents like smoking, tobacco, asbestos and coal.The hazards of smoking and tobacco are well-researched and established. Cigarettes contain chemicals (carcinogens) that are responsible for lung cancer. In fact, about 80 per cent of lung cancer deaths are a direct result of smoking tobacco. The risk of inhaling these carcinogens is not limited to smokers alone. Passive or second-hand smoking has been implicated as one of the causes of lung cancer. Non-smokers exposed to second hand smoke have an increased risk of lung cancer by 20 per cent to 30 per cent.In recent times, however, the rising trend of lung cancer is linked to ever-increasing air pollution, consumption of fumes, smog and particulate matter. International Agency for Research on Cancer (IARC) has classified outdoor air pollution as carcinogenic to humans. The incidence of lung cancer is expected to mushroom due to the increasing exposure to particulate matter of air pollution.Lung cancer often manifests as cough, difficulty in breathing and chest pain. The cough of lung cancer usually worsens over time and can be associated with blood. The breathing difficulties and chest pain aggravates on exertion. Patients also complain of tiredness, loss of appetite and weight loss. These symptoms are non-specific as it is also seen with several common lung disorders, complicating diagnosis of lung cancer in early stages.Irrespective of the cause and symptoms, lung cancer is usually classified into two types: Non-Small Cell Lung Cancer (NSCLC) and small cell lung cancer. NSCLC, is a slow growing and late spreading tumour, is the most common form of lung cancer accounting for about 80-85 per cent of cases. It is further categorised into Adenocarcinoma, Squamous cell carcinoma and large cell carcinoma. Lung cancer screening plays a pivotal role in early diagnosis. Screening and early diagnosis helps in initiating of treatment at a much earlier stage of the disease.Treatment landscape for lung cancerConcerning the treatment of lung cancer, the landscape has evolved for the better. A majority of people with lung cancer are diagnosed in early stages through novel testing methods like liquid biopsy and genetic analysis. Specific mutations which would be resistant to conventional chemotherapy like Epidermal Growth Factor (EGFR) and Anaplastic Lymphoma Kinase (ALK) can be examined in initial stages, and targeted therapy can be administered at a point when the disease is predominantly confined to the lungs.The toxic and non-specific nature of conventional chemotherapy is being replaced by personalised and targeted therapy. Based on molecular biology and histological profile, lung cancer patients can now be treated by targeting specific oncogenic driver mutations. This, in turn, has led to lung cancer patients leading a comparatively better quality of life.With November observed as Lung Cancer awareness month, we see a glimmer of hope at the end of this tunnel. Identifying the disease at an early stage improves the five-year survival rate by up to 50 per cent – the essential thing to remember is that lung cancer is treatable at any stage. Every year, thousands of people are cured of lung cancer and several patients in advanced stages are living normally. By driving awareness on the wide-ranging impact of the disease, we hope to drive improved outcomes for patients this November and beyond. Treatment landscape for lung cancer MaxiVision Eye Hospitals launches “Mucormycosis Early Detection Centre” Read Article Related Posts Add Comment Adoption of AI/ML can disrupt healthcare services Share By EH News Bureau on November 24, 2020 WHO tri-regional policy dialogue seeks solutions to challenges facing international mobility of health professionals Indraprastha Apollo Hospitals releases first “Comprehensive Textbook of COVID-19” Menopause to become the next game-changer in global femtech solutions industry by 2025 Comments (0) Cancer Care Guest Blogs News last_img read more

Trey Anastasio Orchestra Shenanigans; Annoying Interrupting Girl, Nitrous In Venue

first_imgThere are two videos circulating that has many people talking and others’ blood boiling, and rightfully so.  Last night, at the Trey Anastasio w/ the National Symphony Orchestra show in Washington D.C.’s Kennedy Center, one clueless fan decided it was cool to interrupt the flow of the show by attempting to either take a picture of her sitting front row at the show, or wanting to show Trey a video of something.  Either way, regardless of the point she was trying to make, she is out of line and ignorant.  The other video, is of some dude with a nitrous tank right in the outside lobby of the show just filling up balloons as nonchalantly as can be, like nitrous is commonplace at such an event.First, we will discuss the young “lady” and her immature decision to interrupt the show with her nonsense.  Most of us think that what she did is completely idiotic and out of line; others think that it is all in good-natured fun.  While what she was doing can be seen as innocent, funny, or cute (the vein in my temple is popping out while using these words), what this girl did is EXACTLY what you don’t do when you are at a show of this caliber.  Yes, Trey Anastasio is the guitarist of Phish, your favorite jamband that you go see during the summer and enjoy partying to; however, he is also a composer, and is playing a very special show with an orchestra at a classy venue.  Everything about this performance begs to be treated differently than your average Phish show, so treat it that way.Next, the nitrous tank….where do I begin?  Everything about this, including those that actually bought and huffed a balloon, is indicative of why people think the way they do about the Phish scene.  While many of us have grown up, earn a living, and still like to party, we at least know the right time, the right place, and how to behave when doing so.  It’s that other faction of fans that just don’t get it, or refuse to get it.  It’s the scenesters, the wooks, the people that are just there for the party and NOT for the music (which should always be the number 1 reason why you attend any concert, unless you have forgotten).  And by scenesters and wooks, I don’t mean those with dread-locks, or patchwork pants, wearing heady crystals, or whatever out-there look you are going for – though, dressing up occasionally is not conforming, just to put that out there.I am talking about those fucking assholes that ruin it for everyone else.  Those selfish pricks that think they are too cool for school, and have been to “like 140 Phish shows”, but can’t even remember half of them because they get K-rocked all the time, or just simply don’t know when to say when with whatever it is they are doing; the people that don’t know how to function or act when put in a normal setting; those that couldn’t have a normal conversation if it slapped them in the face; or those that decide to interrupt a performance by an orchestra because “I, like, just have to show Trey this, like….”; oh yeah, and that dude that sells nitrous in the lobby of said show.Such behavior is completely unacceptable and cannot be tolerated. People need to grow up and act like adults.  Learn to party like a professional, then you won’t make a fool out of yourself and get lambasted for it; it’s embarrassing.  Show even just a smidgen of class in your everyday lives, it will go a long way.  Show the people around you respect, as opposed to acting like an entitled ignoramus.  That is not to say that accidents don’t happen, because they do.  And sometimes you have a little too much.  But the blatant acts that are being witnessed here is completely inexcusable and have to be pointed out.Man, it felt good to get that out.The rules when attending a performance like this:1. Dress in nice attire – you don’t have to look like a wook everywhere you go, it’s absurd.2. If you are going to imbibe, then do it like an adult.  Be classy, learn to party like a professional.  If you can’t, STAY HOME!3. Be quiet.  You should be able to hear a pin drop.  Applaud after the song has ended.  These are professional musicians; they have perfected their craft, are serious about what they do, and don’t need to be distracted by your ongoing conversation, or your need to “show Trey this video.”4. Do not take pictures. Your flashes distract the musicians. Don’t you want to hear the best possible version of a song, and not have it get messed up because you needed to take a picture? How selfish!5. 99% of the people attending the show paid with their hard-earned money, and want to enjoy what the musicians are playing, NOT your childish behavior.Video of the girl interrupting the Trey Orchestra show:Nitrous Video:last_img read more

Trial of DR Congo opposition leader sent constitutional court

first_imgThe trial of exiled DR Congo opposition presidential candidate Moise Katumbi for the alleged recruitment of mercenaries was suspended Wednesday and sent to the constitutional court, his lawyer said.The decision, which could scupper his hopes of standing in December’s election, came after a four-hour supreme court hearing in the absence of both former Katanga provincial governor Katumbi and US national Darryl Lewis, an alleged mercenary.One of the pair’s lawyer’s, Jean-Joseph Mukendi Wa Mulumba, said the judges refused to hear their counsel in their clients’ absence.Mukendi added the constitutional court procedure could take at least another three months — delaying matters until after the election.In January, Katumbi declared his candidacy for December’s presidential election but was then accused of hiring mercenaries and charged with offences against state security.Katumbi, who has lived in exile for the past two years after being convicted of selling a house he does not own, had spent two days trying to cross the border from Zambia but said there was nobody on the Congolese side to process his entry.He began a self-imposed exile in Belgium in May 2016 after falling out with President Joseph Kabila who has ruled DRC for 17 years.The 53-year-old wealthy businessman was trying to return in order to file his candidature in time for Wednesday’s deadline.Katumbi’s entourage handed reporters a letter dated July 20 in which Katumbi requested the foreign ministry issue him with a new passport ahead of attending court and also lodging his presidential bid.“The government does not issue him with a passport to travel and does not let him back in when he wishes,” sources in his entourage said. The DRC embassy in the United States had also refused to issue Lewis with a visa, they added.A 2016 accord negotiated with the opposition allowed Kabila to remain in office beyond the end of his second and officially his last mandate on December 20 of that year in return for agreeing to new elections now scheduled for December 23.The DRC has never known a peaceful transition of power since it gained independence in 1960 — and some experts fear that the upcoming poll may trigger fresh conflict.Kabila, 47, presides over a vast mineral-rich country with a reputation for corruption, inequality and unrest.On Tuesday, Katumbi’s French lawyer Eric Dupont-Moretti told Jeune Afrique magazine he did not recognise the judges’ right to try Katumbi.Dupond-Moretti said last Friday he would take his client’s case “to the UN human rights committee” saying the DRC authorities were violating Katumbi’s rights and the democratic process.Related Congo Opposition Resists Third-Term Push Congo opposition brands referendum result a fraudcenter_img Congo’s opposition promise to continue demonstrationslast_img read more