Boris Johnson launches no-holds barred attack on Theresa May’s Brexit plan in highly-anticipated conference speech Speaking from the stage, Johnson said: “If we get it wrong, if we proceed with this undemocratic solution, if we remain half-in half out, we will protract this toxic tedious business that is frankly so off-putting to sensible middle of the road people who want us to get on with their priorities.”If we cheat the electorate – and Chequers is a cheat – we will escalate the sense of mistrust.”However, Johnson ended his speech by saying Tory members should back May and convince her to support a looser free trade agreement with the EU along the lines she set out in her Lancaster House speech in January 2017.Tory members began queueing for Johnson’s speech more than 90 minutes before he was due to take to the stage.Many of those were wearing ‘Chuck Chequers’ badges to highlight their opposition to May’s negotiating strategy, which would see the UK follow the EU rulebook on goods and agri-foods in order to avoid additional customs checks. He said: “We won’t get anywhere by metaphorically acquiring beards and string vests and allotments – but by systematically pointing out the damage they would do.”They want to spend literally hundreds of billions renationalising the utilities.”They want to clobber business with new taxes, with workers’ soviets on the board.”They would wreck the economy. They would drive away investment.”Johnson focused a large part of his speech on the housing crisis, saying that building more homes is “a massive opportunity for us Tories.”He added: “I have lost count of the times – and I bet you have too – when I have been out campaigning, and someone has told me on the doorstep that they would vote Conservative forever out of sheer gratitude to us for letting them buy their own home.” whatsapp Owen Bennett Read more: Hammond says Tories are the ‘party of business’ as he attacks CorbynJohnson entered the hall to a standing ovation, with his father Stanley and sister Rachel – who opposed Brexit – watching from the front row of the auditorium.The former London mayor used the opening 20 minutes of his speech to attack Labour leader Jeremy Corbyn, and talk up his own support for UK business.In June, it was reported that Johnson had said “f**k business” during a meeting in Brussels – a comment which led former CBI chief Lord Digby Jones to brand Johnson “irrelevant and offensive” during a conference speech on Sunday.Calling on his colleagues to “take this Tony Benn tribute act and wallop it for six”, Johnson urged his party not to imitate the opposition. Tuesday 2 October 2018 2:08 pm Addressing a packed fringed meeting at the Conservative party conference, the former foreign secretary dubbed the so-called Chequers plan “an outrage” that was “not democracy”.Read more: Conservative Party conference app flaw exposes MPs’ phone numbersWith a host of Tory MPs watching on, including former Brexit secretary David Davis and ex-party leader Iain Duncan Smith, Johnson even suggested May and other Cabinet ministers could be prosecuted under an ancient law that bans foreign courts from having jurisdiction in the UK.The biggest cheers from the 1,000-strong audience came when Johnson warned that the UK could not fudge Brexit now and get a better deal later, and when he defiantly called on the government to “chuck Chequers”.While MPs in the hall gave him an ovation, other Tories spoke out against Johnson’s speech. Former Defence Minister Guto Bebb said: “More than two years since the referendum, Boris Johnson still has no answers to the difficulty questions posed by Brexit.” Boris Johnson took a hammer to Theresa May’s Brexit plan today as he claimed her proposals were “dangerous and unstable”. whatsapp Share Tags: Boris Johnson Brexit Conservative party conference People Theresa May
David Lidington -25.6 Julian Smith -28.7 Jessica Clark More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comWhy people are finding dryer sheets in their mailboxesnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com Read more: Theresa May faces mounting pressure to quit as Brexit talks resume Share David Gauke -39.6 Brandon Lewis -46.3 Theresa May -73.5 Chris Grayling -71.1 Wednesday 24 April 2019 11:47 am Philip Hammond -57 Theresa May breaks the record for most unpopular Conservative minister whatsapp Theresa May has broken the record for the least popular Conservative cabinet minister to date, as ranked by Tory party members, over her decision to postpone Brexit.The Prime Minister’s net satisfaction rating plummeted to -73.5 this month from -51.2 in March, according to a poll by Conservative Home. Read more: Theresa May seeks new vote on bill needed to deliver BrexitMay dropped three places to the bottom of the table after being voted more unpopular than transport secretary Chris Grayling, who has faced criticism following a string of bungled decisions, including awarding a no-deal Brexit ferry contract to a company without any boats and botching last year’s rail timetable change.Chancellor Phillip Hammond, Northern Ireland secretary Karen Bradley and Conservative Party chairman Brandon Lewis completed the bottom five.Andrea Leadsom, the leader of the House of Commons, remained top of list for Conservative members, however her rating fell from 52 points in March to 40.6 this month.Geoffrey Cox slipped from third place, on 37.9 points, to sixth with 21.3 points after the attorney general failed to hold the government to its no-deal promise, Conservative Home said. whatsapp Meanwhile, chief secretary to the Treasury Liz Truss rose to second place after maintaining her score at 38 points.How Theresa May’s cabinet ministers performed on Conservative Home’s popularity rank: Karen Bradley -51.8 Amber Rudd -36 Greg Clark -36.1 Cabinet minister Satisfaction rating Tags: Brexit People Philip Hammond Theresa May
whatsapp The Fed is broadly expected to maintain its ultra-supportive policy unchanged at today’s meeting and will continue adding $120bn worth of bonds to its balance sheet every month despite overshooting inflation. Michiel Willems Wednesday 16 June 2021 12:30 pm “So, there is a reason to be worried about the sustainability of the actual stock rally. But on the other hand, investors also know that the Fed can’t let the stock market fall free, rising inflation or not; a bloodbath in equity markets would trigger another financial crisis,” she added. Today’s Fed meeting: Those who eat get fat, those who don’t regret US retail sales fell more than expected in May, while producer prices jumped more than anticipated, triggering a minor loss of appetite in risk assets. According to an old Turkish saying ‘those who eat get fat, those who don’t regret.’ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeUnify Health Labs Multi-GI 5 SupplementRandy Jackson: This 3 Minute Routine Transformed My HealthUnify Health Labs Multi-GI 5 SupplementGameday NewsMichael Oher Tells A Whole Different Story About ‘The Blind Side’Gameday NewsLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsPost FunGreat Songs That Artists Are Now Embarrassed OfPost FunAll Things Auto | Search AdsNew Cadillac’s Finally On SaleAll Things Auto | Search AdsMoneyPailShe Was An Actress, Now She Works In ScottsdaleMoneyPailTop Walk-In-Tubs | Search AdsHere’s the Average Price of a Walk In TubTop Walk-In-Tubs | Search AdsLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver Healthbonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.com Also Read: Inflation jumps to 2.1 per cent in May as clothing and fuel prices rise Traders would pick this up as taking a long equity position as investors continue to navigate an environment of low to negative yields on less risky holdings, with all eyes on the Federal Reserve later today. More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comConnecticut man dies after crashing Harley into live bearnypost.com Share Hawkish shift Tags: Federal Reserve UK interest rates US interest rates No ’kneejerk’ reaction whatsapp Show Comments ▼ “But we know that an increased number of Fed officials will probably be in favour to have that taper talk sooner rather than later, and that’s the major downside risk in the market at today’s announcement,” Ozkardeskaya said. “It’s the Turkish way of saying FOMO: the fear of missing out a further rally in case the Fed leaves the taper talk on the sidelines for another meeting. And that fear could keep the US stocks on track for a fresh record run,” explained Ipek Ozkardeskaya, senior analyst at Swissquote, this morning. It is the main reason why most Fed members will be prepared to delay the taper conversation as much as possible, as the taper talk is the last milestone before the rate normalization talk. Also Read: Breakthrough: UK researchers find new Covid-19 treatment that injects ‘artificial’ antibodies Yesterday, major US indices came off their all-time highs yesterday, with the Nasdaq slipping 0.71 per cent on the back of economic data revealed in the US a day before today’s Fed decision. Nevertheless, any green light for the coming months would be perceived as a hawkish shift in Fed’s policy stance, could weigh on the risk sentiment and may therefore send major US indices lower from their record highs. Federal Reserve chair Jerome Powell (Getty Images)Federal Reserve chair Jerome Powell (Getty Images) “Yet we haven’t seen a major kneejerk reaction to yesterday’s data, as there is still a broad conviction that the Fed will turn a blind eye on the rising inflation, and insist that the overshoot in inflation is transitory, should not affect the Fed’s inflation target of ‘average of 2 per cent’ and hence, should not lead to an earlier-than-expected policy and liquidity tightening,” Ozkardeskaya concluded. The major highlight will be a hint of tapering, or the lack thereof. The taper talk itself will probably not happen today. What could happen is a talk on when to start talking about tapering. Also Read: Cristiano Ronaldo snub wipes $4bn off Coca-Cola’s market value “No one knows what would happen to stock prices when the excess liquidity is gone, given that most stock prices went through the roof since last year, with price-to-earnings and price-to-sales valuations hitting levels last seen during the 2000s dot com crisis,” Ozkardeskaya noted.
Crime & Courts | WesternNome Officer Who Pleaded Guilty to Assault is Re-Hired by Police DepartmentAugust 27, 2018 by Emily Hofstaedter, KNOM-Nome Share:Carl Putman, the former Nome Community Service Officer who pleaded guilty in July to charges of assault while on duty, has been rehired by the Nome Police Department (NPD). Putman has been hired on as an emergency hire temporary dispatcher for NPD.In April, Putman was charged with assault in the fourth degree in Nome District Court after allegedly punching Florence Habros of Nome while he was on duty.Putman admitted during investigations that when an intoxicated Habros passed out he “became frustrated and punched her in the head with a balled fist.” There is no audio of the event, as Putman “claimed he forgot to turn his audio recorder on” when the incident occurred in Front Street in February. In July, Putman pleaded guilty to the charge and received a one-year suspended imposition of sentence, but no jail time or community service.When asked if NPD was concerned about safety, Nome Police Chief John Papasadora stressed that Putman would have no contact with the public directly in this new role. Papasadora said Putman would “…work in the office, not down on the road or doing public contact other than by phone.” According to City Manager Tom Moran, this was an emergency hire: meaning that the job is not required to be posted to the public and that the position only lasts for up to six months. At any point, the role could be filled by a qualified candidate.Both Papasadora and Moran confirmed that Putman was hired because he already knew the necessary operating systems. With the department down by four dispatchers, the move was a matter of “business” made to keep the department operating. While Moran was aware of what he called Putman’s “criminal allegations,” he explained that there are no criminal barriers from working dispatch. There have been previous dispatchers with criminal convictions.But there are Nome citizens who feel that this furthers the distrust between the police department and community members, including Florence Habros, the victim of the assault in February. Habros says she was not notified by the NPD that Putman had been rehired as a dispatcher. She said she would not feel “comfortable” calling dispatch knowing that he could pick up.When asked if she would call the NPD to report a crime, Habros said: “… (if) he answered, dispatcher, it’s uncomfortable… I would call the troopers, state troopers, I would call them instead… They would help me out.”Habros worries that she is not the only person who has been assaulted by Putman. She claims to have heard that other people have been hurt by him as well. She hopes that if this is true they will come forward.“I know if we keep this going, maybe they’re going to pop out and tell, too,” she said. “They would come out and tell the truth of what he did to them.”Manager Moran said he is aware of how some people in the community feel about this hiring decision. He said, “We do not have the resources, do not have the people available to us; the applicant pool on file may not be the best applicant the public would feel to be the best candidate.”Putman’s new role does not include any patrol duties or physical contact with the public, and could expire if a more qualified candidate becomes available.Share this story:
CoronavirusAlaska reports nearly 800 new COVID-19 cases over the weekendNovember 2, 2020 by Lex Treinen, Alaska Public Media Share:Alaska reported nearly eight hundred new coronavirus cases over the weekend as the number of people hospitalized with COVID-19 reached record levels.On Saturday, 447 people tested positive for the disease, the second-highest daily case count of the pandemic.The number of people hospitalized with or suspected of having COVID-19 in the state is approaching 100 for the first time in the pandemic and stands at 98. That’s a 60% increase in the number of people hospitalized since last week.Two more Alaskans have died of the disease, according to the state health department’s Saturday and Sunday reports. Both people were at least 70 years old. That brings the total number of deaths from COVID-19 during the pandemic to 83.Share this story:
By Gavin van Marle 14/07/2016 © Lowerkase One transport sector likely to feel the shock of Brexit most heavily will be the ferry business between the UK and the continent and the UK and Ireland.If an existential threat to shipping emerges, you can almost guarantee that ferries will be in the vanguard at the point of impact.In recent times the sector has somehow managed to survive the successive threats of the Channel Tunnel; low-cost airlines; the abolishing of duty free; and the introduction of low-sulphur fuel regulations – all have put huge pressure on volumes, revenues and profitability.Somehow the sector has contrived to survive – most likely due to the necessities of island geographies.According to figures released yesterday by Discover Ferries, a trade body representing 12 UK and Irish ferry operators – and the first freight data it has collated – the industry has been in the sunny uplands of growth for the past 18 months, in comparative terms.Last year, 4.41 million units were transported across the Dover Straits, Irish Sea and western Channel, growth of 4.8% over 2014, making it one of the brightest areas of Europe’s unitised shipping markets.That has continued this year. Discover Ferries recorded a 3.1% growth for the first six months, over the same period in 2015, to 2.26 million units – the vast majority of which was driver-accompanied traffic, as the figures do not include North Sea volumes, nor those carried by freight-only Irish Sea operator Seatruck.The lion’s share of the recorded volumes is carried on the cross-Channel routes out of Dover to Calais and Dunkirk, which despite the chronic congestion caused by the migrant crisis and industrial action in Calais, managed to post 5% growth in 2015 to reach 2.54 million units. It grew by a further 0.8% in the first half of this year, with 1.29 million units transported.Last year’s Irish Sea traffic totalled 1.62 million units, growth of 3.8%, and in 2016 growth has been even stronger, at 5.8% year-on-year, at 843,000 units.In terms of growth, however, the western Channel routes have shown double-digit increases as hauliers looked to diversify their flows from the problems of Calais – 2015 saw annual growth of 11.1% to 248,000 units and year-on-year growth in the first half of 2016 of 10.5% to 130,000 units.William Gibbons, director of Discover Ferries, said: “These are very encouraging figures, and they show that the ferry freight industry is in good health – driven by wider economic factors.“The shortsea routes have consistently been the powerhouse of the UK ferry industry, but it is also encouraging to see such a good freight performance on the western Channel and Irish Sea.”He added: “Ferry freight has proved to be resilient, as business on the shortsea routes increased despite disruption in June and July last year, which led to a shortage of capacity.”Whatever judgement macroeconomists will issue on the economic effect of Brexit, the immediate impact of the vote will be seen in these numbers six months from now.It is always the case – for better or worse – ferry figures are the real barometer of the health of UK Ltd (forget PLC, as the vernacular used to go, ‘Limited’ is far more apposite) and, following Brexit, that will be truer than ever.
New Arles road opens but disquiet over who was invited to official opening Previous articleREVEALED: Exactly how much each GAA club in Laois will get from JP McManusNext articleIn Pictures: Beautiful three-bed semi-detached in Portlaoise estate for €187,500 Alan HartnettStradbally native Alan Hartnett is a graduate of Knockbeg College who has worked in the local and national media since 2008. Alan has a BA in Economics, Politics and Law and an MA in Journalism from DCU. His happiest moment was when Jody Dillon scored THAT goal in the Laois senior football final in 2016. Community Community Charlie Flanagan on Electric Picnic: ‘I’d ask organisers to consult with community leaders’ Pinterest By Alan Hartnett – 3rd October 2018 Three candidates will contest for a place on the Fianna Fail General Election ticket in Laois-Offaly at the party’s selection convention later this month.Fianna Fail will hold one in Laois and another one at a later date in Offaly.The Laois one will take place on October 18 in the Midlands Park Hotel in Portlaoise.And LaoisToday understands that newly elected Cllr Pauline Madigan will battle it out with the already declared duo of sitting TD Sean Fleming and John Moloney.Fianna Fail headquarters will only indicate on the day how many candidates they will select and other possible stipulations, be it geographical or gender-based.They also have the power to add additional candidates at a later date after convention.Sean Fleming is Fianna Fail’s spokesperson on Public Expenditure and Reform.He is also the chair of the Dáil Public Accounts Committee and a member of the Oireachtas Finance and Public Expenditure Committee.In 1997 Sean was elected as a Fianna Fáil TD to Dáil Eireann for Laois/Offaly – a role he has held ever since.He was also elected a member of Laois County Council in 1999 and served there for over four years.Back in July, former TD John Moloney confirmed to us that he would be making a comeback in politics.Mr Moloney – who lost his seat in 2011 after a 14-year spell in the Dail including a period as a junior minister – said he was approached by party headquarters in May of last year.And after considering it for over a year he has decided to let his name go forward.The third name in the mix is Laois’ newest Cllr, Pauline Madigan.She was chosen to take the seat held by the late Jerry Lodge and is a lecturer in IT Carlow.Meanwhile, there is set to be a separate selection convention in Offaly where it is understood a number of people are interested.Sitting TD Barry Cowen will go forward and he may be joined by two others – Peter Ormond, a Cllr from Shinrone, and Eddie Fitzpatrick, a Cllr from Tullamore.SEE ALSO – In Pictures: Laois woman cycles 500km for suicide and mental health awareness RELATED ARTICLESMORE FROM AUTHOR Five Laois monuments to receive almost €200,000 in government funding Home News Three candidates in the mix ahead of Fianna Fail selection convention NewsPolitics Facebook WhatsApp Twitter Twitter TAGSCllr Pauline MadiganFianna FailJohn MoloneySean Fleming TD Pinterest WhatsApp Facebook Council Three candidates in the mix ahead of Fianna Fail selection convention
Toronto is leading the way in Canada’s burgeoning fintech sector, but Calgary, Montreal and Vancouver should be ramping up their fintech efforts, says a new report. Wealthsimple’s peer-to-peer app goes national Keywords Fintech Related news Mogo to acquire investing app Share this article and your comments with peers on social media Estateably expands to Alberta A report published on Tuesday by The Conference Board of Canada finds that each of Canada’s four main financial centres has specific strengths in different aspects of the financial sector. For example, Toronto leads in wealth management, fund management, banking, insurance, and back-office activities. Montreal’s key strengths include pensions, derivatives, and private equity. Calgary is big in investment banking (particularly mergers and acquisitions), and facilitating foreign direct investment, along with private equity, wealth management, and corporate banking. And Vancouver concentrates on wealth management, venture capital, foreign direct investment, and trade finance, among other things. As for the emerging fintech sector, Toronto has the strongest role in the industry, the report says, followed by Montreal. In addition, a survey that was carried out as part of the research (which was funded by trade groups, Advantage BC, Finance Montréal, Toronto Financial Services Alliance, and Calgary Economic Development) finds that each of the cities should be further developing fintech in order to help improve its position as a financial centre. Canada’s strengths as a global financial centre should be more actively marketed, the survey finds, and this marketing would be more effective as a combined effort. “In essence, respondents were suggesting that the future of the sector would be better if all of the cities worked together,” the report says. Photo copyright: Bloomberg Facebook LinkedIn Twitter James Langton
Facebook LinkedIn Twitter New York attorney general secures receiver for crypto firm Share this article and your comments with peers on social media Bitcoin should face tough capital rules, Basel Committee says The LabCFTC report notes that the U.S. Securities and Exchange Commission (SEC) recently released a report that concluded that ICOs could be considered securities under federal securities laws. “There is no inconsistency between the SEC’s analysis and the CFTC’s determination that virtual currencies are commodities and that virtual tokens may be commodities or derivatives contracts depending on the particular facts and circumstances,” the LabCFTC report says. “The CFTC looks beyond form and considers the actual substance and purpose of an activity when applying the federal commodities laws and CFTC regulations,” it adds. Additionally, the report indicates that the emerging virtual currency space may pose various risks, including operational risks, cybersecurity risks, speculative risks, and fraud and manipulation risks. “Virtual currencies are relatively unproven and may not perform as expected (for example, some have questioned whether public distributed ledgers are in fact immutable),” the report says, adding that prospective investors and users of virtual currencies, “should educate themselves about these and other risks before getting involved.” The paper released today is the first in a series that LabCFTC will release on various aspects of fintech innovation, the CFTC says its announcement. “LabCFTC believes that promoting education, understanding, and regulatory clarity around emerging technologies can help facilitate market-enhancing innovation and guard against risks,” says Daniel Gorfine, director of LabCFTC, in a statement. “As people worldwide try to understand and wrap their heads around the virtual currency ecosystem, we thought it timely and important for our first primer to help explain the space, identify how developments involve the CFTC, and highlight risks that investors or users of virtual currencies should carefully consider.” Related news While the precise regulatory and legal status of initial coin offerings (ICOs) remains uncertain, U.S. derivatives regulators say they could be considered commodities or derivatives, depending on the specific details of a proposed offering. The U.S. Commodity Futures Trading Commission’s (CFTC) fintech unit, LabCFTC, issued a primer on virtual currencies on Tuesday, which aims to explain how virtual currencies work, how they can be used, and sets out possible risks. Keywords CryptoassetsCompanies Commodity Futures Trading Commission How should banks allocate capital for crypto? James Langton
Share this article and your comments with peers on social media ESMA launches digital finance consultation 22893449 – outsourcing word on yellow roadsign on blue urban background. business concept. 3d render. Some firms structure these arrangements as introducing/carrying dealer relationships, while others structure them as service arrangements.According to the notice, this division creates an unlevel playing field, since introducer-carrier arrangements involve firms that are registered and subject to regulatory oversight, but service arrangements may not.The divide also create disparities in contingency fund coverage for clients, risks fund dealer reps providing advice beyond the limits of their registration. In addition, it raises possible issues with client reporting, including the reports that must be made to clients under the client relationship model reforms on the cost and performance of client portfolios.Given these concerns, these kinds of outsourcing arrangements “… should be entered into as introducing/carrying dealer arrangements … as opposed to service arrangements ,” the MFDA notices states. Fund dealers focus on middle-class investors FSB warns of rising systemic risks due to outsourcing Related news Keywords Mutual fund dealers, OutsourcingCompanies Mutual Fund Dealers Association The Mutual Fund Dealers Association of Canada (MFDA) has issued new guidance that aims to bring mutual fund dealer outsourcing arrangements under consistent regulatory oversight.An MFDA notice, MFDA Member Intermediary Arrangements, published Wednesday aims to clarify the self-regulatory organization’s approach to certain outsourcing arrangements that fund dealers may use for services such as trade execution, custody, settlement and record keeping. James Langton Facebook LinkedIn Twitter