Pandemic may spark reforms to boost fund liquidity: Fitch

first_imgstock market iStockphoto Share this article and your comments with peers on social media Ontario unlikely to balance budget by 2030: FAO A deadly first wave, followed by a tsunami of excess deaths James Langton Related news Keywords Coronavirus,  Pandemics,  Money market fundsCompanies Fitch Ratings CERB payments went to workers hit hard by lockdowns: StatsCan Facebook LinkedIn Twitter The next reform target for global investment fund regulators may be money market liquidity, Fitch Ratings says.In a research note, the rating agency said that the liquidity stress experienced by some money market funds during the turmoil touched off by the Covid-19 outbreak points to money market liquidity as a possible focus for future reform. During the initial market meltdown, some money market funds had “elevated redemptions, price volatility and limitations on the ability to sell securities,” Fitch noted.Similar market stress during the 2008 financial crisis ultimately led to “significant regulatory changes” for money market funds, Fitch said, adding that “scrutiny by regulators has increased as a result of the market turmoil this year.”Eventually, this may lead to regulatory reform, Fitch said.For instance, Fitch said that in March, some funds “chose to sell assets rather than use available weekly liquidity assets to mitigate any adverse investor reaction,” which shows that existing liquidity buffers “are not functioning entirely as intended.”“Regulators may consider changes to minimum liquidity requirements, particularly in connection with trigger points for fees and gates, according to discussions among market participants,” Fitch said.Additionally, Fitch suggested that other possible changes could include “outright bans on certain types of [funds], changes to liquidity fees and redemption gates, and changes to net asset value collars (for certain European funds).”Regulators may also consider reforms that focus on securities dealers, after finding that they “stepped back from their traditional role intermediating short-term markets earlier this year, impacting liquidity.”“Without market structure changes to incentivise dealers to continue to intermediate in the short-term markets during stress periods, the materiality of regulatory changes to [money market funds] may have a limited impact on market liquidity,” Fitch said.“However, if market structure changes are implemented that support secondary market liquidity and facilitate [funds’] ability to sell securities, Fitch would view these changes positively,” the rating agency added.last_img read more

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JPSCo Donates Computers to Fair Prospect Primary

first_imgRelatedJPSCo Donates Computers to Fair Prospect Primary RelatedJPSCo Donates Computers to Fair Prospect Primary JPSCo Donates Computers to Fair Prospect Primary UncategorizedFebruary 7, 2007 FacebookTwitterWhatsAppEmail The information technology training programme at the Fair Prospect Primary School in Portland has received a boost with the presentation of three refurbished computers to the institution by the Jamaica Public Service Company (JPSCo).Wilf Talbot, Regional Director for the company’s eastern region recently made the presentation to school Principal Julie Bailey on the school grounds.The donation, which was made possible through the company’s Community Relations Department, is part of outreach initiatives by the JPSCo to assist the education sector and improve the performance of students.Other initiatives being undertaken by the company in pursuit of that objective include sponsoring sports and debating competitions among schools; partnering with the government to finance the school feeding programme; and facilitating training seminars for science teachers.Daffodil Bruce, JPSCo Community Relations Officer, told JIS News that the company was happy to be able to assist Fair Prospect Primary, adding that the outreach activities gave the organization an opportunity to give back to the country.She noted that the organization was targeting education for assistance in recognition of the critical role of the sector in the national development process.Meanwhile, Mrs. Bailey told JIS News that the presentation has brought to nine, the number of computers being used for the information technology programme.She noted that the additional equipment would allow more students to access computers skills and better enable both staff and students to conduct research.center_img RelatedJPSCo Donates Computers to Fair Prospect Primary Advertisementslast_img read more

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Amendment to Mutual Recognition Act will free up labour mobility

first_imgAmendment to Mutual Recognition Act will free up labour mobility The national employer association Ai Group welcomes the federal government’s changes to the Mutual Recognition Act designed to reduce red tape for skilled workers.The amendment to the Act passed by the Senate this week allows for the automatic registration of occupations across Australian state borders.Ai Group Chief Executive, Innes Willox, said “For far too long workers who wished to work across state borders had to navigate complex and overly bureaucratic occupational licensing regimes.“Too often an individual has had to apply for an additional licence to undertake identical work, merely because a border has been crossed.“Never before has it been so important for us to free up labour mobility with automatic mutual recognition of occupational licences.“With closed borders and restrictions on skilled migration, employers are struggling to find the right skills to get things done.“This has the potential to impact all types of work, from major infrastructure projects to local production.“Enabling skilled workers to move around is ultimately good for both the worker and the economy.“It is essential that all jurisdictions to get behind this important legislation,” Mr Willox said. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Ai Group, AiGroup, amendment, Australian, Australian Industry Group, Border, Economy, federal government, Government, Impact, infrastructure, legislation, licence, migration, mobility, production, red tape, Senatelast_img read more

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Ontario man who suffered seizure found guilty of dangerous driving causing death

first_img ‹ Previous Next › Welten, who was wearing a dark track suit with reflective piping, and would have been visible against the fresh white snowbanks, was dragged 139 metres and was pronounced dead at the scene.Noureddin was 68 at the time of the fatal crash, and his trial heard evidence he suffered a dyscognitive epileptic seizure — which does not involve convulsions but affects awareness and consciousness — while behind the wheel. He had not received medical clearance to drive, his trial heard.“Based on my findings, Mr. Noureddin would have appreciated the risk associated with suddenly losing the physical ability to operate a motor vehicle as a result of his epilepsy,” Legault said in his ruling.“It is self-evident that the risk caused by a dyscognitive epileptic seizure and loss of awareness while operating a motor vehicle can be significant, if not catastrophic, as it was in this case.”Noureddin had been told by his neurologist during a routine appointment on October 31, 2018 not to drive for three months, and only to resume driving with clearance from one of his physicians.Noureddin knew the reason for his doctor’s instruction, Legault said, was the risk of suffering an epileptic seizure while driving.“His decision to drive contrary to his doctor’s instruction, coupled with his understanding of the risk and potential result of suffering an epileptic seizure while driving, constituted a marked departure from the conduct of a reasonable person in the circumstances,” the judge ruled.Court heard evidence of Noureddin’s calls to his doctor in the weeks prior to the crash and his appointment for blood work following a change in medication in June 2018, which Legault said “indicates he monitored his epilepsy as directed and followed his doctor’s directions.”His licence had not been suspended, which, as Legault noted, was an option available to the doctor.Legault said he was not satisfied that assistant Crown attorney Hart Shouldice had met the “high threshold” to reach a guilty finding for criminal negligence. COMMENTSSHARE YOUR THOUGHTS Trending Videos PlayThe Rolls-Royce Boat Tail may be the most expensive new car everPlay3 common new car problems (and how to prevent them) | Maintenance Advice | Driving.caPlayFinal 5 Minivan Contenders | Driving.caPlay2021 Volvo XC90 Recharge | Ministry of Interior Affairs | Driving.caPlayThe 2022 Ford F-150 Lightning is a new take on Canada’s fave truck | Driving.caPlayBuying a used Toyota Tundra? Check these 5 things first | Used Truck Advice | Driving.caPlayCanada’s most efficient trucks in 2021 | Driving.caPlay3 ways to make night driving safer and more comfortable | Advice | Driving.caPlayDriving into the Future: Sustainability and Innovation in tomorrow’s cars | Driving.ca virtual panelPlayThese spy shots get us an early glimpse of some future models | Driving.ca We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information. advertisement Created with Raphaël 2.1.2Created with Raphaël 2.1.2 Ottawa Courthouse  Jean Levac / Postmedia News RELATED TAGSFlexNew VehiclesOntarioOttawadangerous drivingFlexOntarioOttawa Trending in Canada A date for sentencing will be set at a later hearing. Fakhreddin Noureddin was found guilty Monday of dangerous driving causing the death of a man who was out for a jog on Valentine’s Day 2019, just over three months after Noureddin, who suffers from epilepsy, had been warned by his neurologist to seek medical clearance before driving.Noureddin, who was represented at trial by defence lawyer Joseph Addelman, was found not guilty by Ontario Court Justice Jean Legault of the more serious charge of criminal negligence causing death. He was also found not guilty Monday of leaving the scene of the fatal crash on Goulbourn Forced Road in Kanata, on the outskirts of Ottawa, that late afternoon.Court heard eyewitness testimony from other motorists who saw Noureddin’s silver Toyota Camry swerve abruptly into the oncoming lane, striking and killing 59-year-old Hendrikas “Harry” Welten, who was out for a run in the waning daylight hours of February 14, 2019, when the car struck him from behind as he jogged along the road’s opposite shoulder. Road conditions were clear and there was no precipitation. First Look: 2022 Lexus NX The sport-cute’s looks have been softened, but its powertrains and infotainment offerings have been sharpened See More Videos The Rolls-Royce Boat Tail may be the most expensive new car everlast_img read more

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The Week Ahead: Chancellor’s Committee on Women award nominations due and more

first_img Published: April 2, 2018 The Week Ahead, a series geared toward faculty and staff, provides reminders, events and possible items for the docket. Coming up in the next few days are the opportunity to attend a talk on learning in informal settings, as well as the first annual Lucile Berkeley Buchanan Lecture, apply for Catalyze CU this summer, volunteer for the Open Educational Resources Advisory Committee and more. Find more campus events with the new and improved Events Calendar. Academic Futures forums April 3, April 4: Faculty governance and moreThe April 3 Academic Futures forum will be about faculty success and faculty governance. The April 4 Academic Futures Forum will be about the humanities and the arts. Plan to attend! Chancellor’s Committee on Women Advocacy Award nominations due April 3Do you know someone who is an advocate for women? Or a department that continually works to improve the campus climate? Nominations are currently being accepted. The songs of trees: Learning in Informal Settings talk April 3David George Haskell will describe how he integrates contemplative, literary and scientific studies of the natural world, reminding us that life’s substance and beauty emerge from relationship and interdependence. Nominate for the diversity service recognition awards by April 3The CCORE Diversity Service Recognition Awards recognize students, staff, faculty and departments who have successfully worked to promote the principles of inclusive excellence. April 4: Remembering Lucile with Polly E. Bugros McLeanJoin the first in what will be an annual lecture series on the black experience in the West, named the Lucile Berkeley Buchanan Lecture after a woman who in 1918 received her bachelor’s degree from CU, becoming its first African American graduate. However, she was not allowed to “walk” at graduation, nor is she pictured in the 1918 CU yearbook. Web Express Open Lab April 4Are you the web whiz for your unit and do you use Web Express? This open training lab, hosted by Strategic Relations and Communications, is a great opportunity for you to ask any specific questions about your site and work one-on-one with experts on how to use any of the features or to brainstorm ideas. Share your feedback on The Connection April 4 (also April 18)Are you a fan of The Connection, a hangout and the campus spot for bowling, billiards, video and arcade games, pinball, foosball and more? The Connection is planning a renovation, and they want your feedback. Drop in April 4 (or April 18) to share your thoughts on the University Memorial Center space and get some free pizza! New Venture Challenge Championships April 4Attend the culmination of this year’s New Venture Challenge at the Boulder Theater as track winners compete for the $100K grand prize, as well as other prizes and recognitions. Submit your proposal for the IMPART faculty fellowship by April 5Students and faculty are invited to participate in proposals for Implementation of Multicultural Perspectives and Approaches in Research and Teaching faculty fellowships. Faculty SPACE Lunch April 6The Faculty Leadership Institute’s monthly lunch series is based on a combination of socializing and discussing topics of importance to faculty in an effort to bring faculty together on a regular basis and begin to build the community that many feel is lacking on the campus. Catalyze CU summer application deadline April 8Get involved in the program that helps budding entrepreneurs develop ideas and technologies into full-fledged ventures. The application deadline was extended to April 8. Volunteer through April 9 for the Open Educational Resources Advisory CommitteeFaculty, staff and students can serve on a new committee charged with finding ways to reduce the financial burden on students for course materials and textbooks. Additionally, the committee will make recommendations regarding how to allocate $1 million previously pledged by Chancellor Phil DiStefano in his State of the Campus speech last fall to fund a transition toward more affordable course materials. Apply or submit a nomination through April 9.  Next Week: Inclusive Pedagogy WorkshopsOn April 9 and 10, Thomas Laird, whose expertise is in effective assessment practices and the inclusion of diversity into the curriculum, will offer three workshops on high-impact practices and assessment:Exploring How to Make Courses More Inclusive: A Model, Evidence, and Some Options (Monday, April 9, 9–10:30 a.m., C4C S350N)Building a HIP Culture Equitably (Monday, April 9, 1–2:30 p.m., C4C S350)Engaged Assessment, Inclusive Coursework, and High-Impact Practices: Building a Case for Faculty Action (Tuesday, April 10, 9–10:30 a.m., C4C S350S)Learn more and register.Categories:GeneralEvents & Exhibits Share Share via TwitterShare via FacebookShare via LinkedInShare via E-maillast_img read more

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UK competition watchdog seeks views on BT/EE merger – report

first_img The UK’s Competition and Markets Authority (CMA) started the ball rolling in its examination of BT’s £12.5 billion takeover of EE, the largest mobile operator in the UK, by requesting opinions from competitors about what impact a BT-EE entity might have on the mobile and broadband markets.According to a letter seen by the Financial Times (FT), the CMA highlighted several areas that could suffer a “potential impact” from an emboldened BT, which would be number one – in terms of subscribers – in both the UK’s broadband and LTE markets. Those areas include wholesale (mobile backhaul) and retail (mobile, fixed voice, broadband, as well as bundled services, such as triple- and quad-play).The CMA sent letters to all interested parties asking for their input, with responses – according to the FT – expected later this week.Vodafone, said the UK newspaper, is expected to hone in on the terms of wholesale access to BT’s fibre network.The concern is that following a tie up with BT, EE would be the only UK mobile network operator not reliant to some extent on a third party for backhaul, which could lead to an unlevel playing field.“When BT was giving us all the same sort of service without being in the game, that was OK,” said one rival executive, quoted by the FT. “But it will own the largest mobile group and will in effect be paying itself for access to its mobile backhaul.”BT CEO Gavin Patterson strenuously denies competitors would be disadvantaged. In a call with analysts following its agreement with EE, Patterson said Openreach – the BT arm that strikes wholesale deals – was “very tightly regulated, and it will continue to serve all service providers in exactly the same way after this transaction in the same way it does today”. He claimed there would be “no inherent advantage”.The “preliminary invitation to comment” request by the CMA comes before the full merger inquiry into the deal, which will be the largest of its kind ever handled by the UK competition watchdog.The FT noted that after the acquisition of EE, the combined BT group would have a 31 per cent share of consumer mobile subscribers, and about 35 per cent of subscribers in consumer broadband. AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 16 MAR 2015 Vodafone, Safaricom beat MTN to Ethiopia licence Previous ArticleBlackBerry leans on Samsung and IBM for new security-focused tabletNext ArticleOrange and Airtel partner on money transfer in West Africa Home UK competition watchdog seeks views on BT/EE merger – report Tags Ken has been part of the MWC Mobile World Daily editorial team for the last three years, and is now contributing regularly to Mobile World Live. He has been a telecoms journalist for over 15 years, which includes eight…More Read more Operators back Qualcomm role in open RAN path Las operadoras respaldan el papel de Qualcomm en la RAN abierta Ken Wieland BTCMAEERegulatoryVodafone Author Relatedlast_img read more

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Gardai issue quad bike warning after Inishowen incidents

first_imgHomepage BannerNews Pinterest Important message for people attending LUH’s INR clinic Community Enhancement Programme open for applications Twitter RELATED ARTICLESMORE FROM AUTHOR Gardai have issued a warning over the use of quads on public roads after two incidents in Inishowen overnight. In both cases bikes were seized with Gardai.Just after 9.20pm last night Gardaí were on patrol in the Moville area when they observed a Youth driving a quad on a public road.The quad was seized and he will now be dealt with under the Juvenile Liaision Scheme.Shortly after 10pm last night, in Burt, Gardaí were on patrol when they observed a group of quads parked up on the forecourt of a filling station.Upon sight of the patrol car these quads took off onto the Main Road at speed.They then travelled onto a secondary road. One of the quads was forced to stop due to a mechanical issue and the driver was subsequently arrested and the quad was seized.The driver was charged to appear in Court on a later date.Investigations are continuing and Gardai are appealing to anyone with information to contact them in Buncrana. Google+ Gardai issue quad bike warning after Inishowen incidents News, Sport and Obituaries on Monday May 24th Loganair’s new Derry – Liverpool air service takes off from CODA WhatsAppcenter_img WhatsApp Google+ By News Highland – January 26, 2021 Arranmore progress and potential flagged as population grows Pinterest Facebook Facebook Previous articleSome staff at LUH anxiously waiting for vaccine – HolmesNext articleGarda warning over ‘sinister’ Covid-19 vaccine scam News Highland Nine til Noon Show – Listen back to Monday’s Programme Twitterlast_img read more

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News / Global logistics chains at risk from second-tier ports’ lack of digitalisation

first_img“The benefits of digitalisation remain the preserve of a few large ‘tier-one’ ports that have the profile and financial muscle. This has created a polarised landscape within the port sector.”Tier-two ports rely on personal interaction and paper-based transactions for shipboard, ship-port interface and port-hinterland-based exchanges, claimed Innovez-One, which leads to a range of inefficiencies.“Alarmingly, this dynamic makes the last-mile of a journey at sea a weak link in the global logistics chain; opening up risks of delays, late payments, increased fuel consumption and emissions, reduced revenue and even safety concerns stemming from a lack of traceability,” it explained.The criticism is backed by recent research by the International Association of Ports and Harbours (IAPH), which found just a third of 100 ports surveyed were complying with IMO rules on exchanging key data electronically.The ports claimed the main barriers to digitalisation were legal frameworks and persuading private-public stakeholders to collaborate, rather than a lack of suitable technology.IAPH recently released a new report, with the World Bank, aimed at assisting ports and maritime transport communities to accelerate digitalisation and minimise ship-shore human interaction.Makhtar Diop, World Bank VP for infrastructure, said: “In many of our client countries, inefficiencies in the maritime sector result in delays and higher logistics costs, with an adverse impact on the entire economy. Digitisation gives us a unique chance to address this issue.”However, the Covid crisis appears to have spurred more ports into action, in terms of both digitalisation and collaboration on data sharing, a major sticking point at times even for larger players previously developing systems in silos.Innovez-One CEO David Yeo said: “The current dynamic reflects the often messy reality of port operations, which is a blend of hi-tech digital and paper-based, manual processes sitting side by side. This causes issues in interoperability – systems not talking to each other properly – which impedes effective execution.“However, it also highlights the fact that, while global supply chains are becoming increasingly automated, the majority of ports still overwhelmingly rely on person-to-person systems.” By Sam Whelan 03/02/2021 Second-tier ports have been slammed for a lack of digitalisation, putting global logistics chains at risk.According to Singapore-based port software provider Innovez-One, some 80% of the world’s 4,900 ports are “not yet using digital technology for even the most basic processes”.Instead, they rely on whiteboards and spreadsheets to manage “critical” marine services such as towage, pilotage and launch boats.“This leaves many ports commercially vulnerable and less able to compete in an increasingly digital world,” it claimed.last_img read more

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The Chinese Room has grown 10x since Sumo acquisition

first_imgThe Chinese Room has grown 10x since Sumo acquisitionTwo founders have hired 17 new staff in the last three months for new projectMatthew HandrahanEditor-in-ChiefTuesday 19th March 2019Share this article Recommend Tweet ShareCompanies in this articleThe Chinese RoomThe Chinese Room has increased its team size by a factor of ten since its acquisition by Sumo Digital last year.Sumo bought the Brighton-based independent studio for £2.2 million in August 2018, less than a year after it was forced to lay off almost its entire team following a difficult period — both financially, and in terms of the stress of game development.At that point, The Chinese Room was left with only its two founders, studio director Ed Daly and creative director Dan Pinchbeck, but the studio now appears to have been revitalised.Over the last three months, 17 new staff have joined across design, art, animation and programming, including a handful of hires in very senior roles. New art director John McCormack, for instance, has a track record that includes EA and Lionhead, and new technical director Nick Slaven was formerly head of tech at Stainless Games.”We’ve got a brilliant mix of industry veterans and rising stars and it’s really exciting to see the studio keep evolving” Dan PinchbeckThe Chinese Room’s other new hires bring experience from a broad range of studios, including The Creative Assembly, Rare, Rockstar, Frontier and Ubisoft Milan.”We’re hard at work on a great new game and it’s fantastic to have brought together such an amazing bunch of talented developers to help realise it,” Dan Pinchbeck said in a statement. “We’ve got a brilliant mix of industry veterans and rising stars and it’s really exciting to see the studio keep evolving and growing.”This also appears to be the realisation of Pinchbeck’s goal when The Chinese Room fell on hard times.”We’re makers, fundamentally, and our roles were increasingly making it very difficult to be practically involved in doing the things we love and we started the company to be able to do,” he wrote in a blog post at the time. “We’re taking time to figure that out; how we get to be creatives, not managing directors.”Related JobsSenior Game Designer – UE4 – AAA United Kingdom Amiqus GamesProgrammer – REMOTE – work with industry veterans! North West Amiqus GamesJunior Video Editor – GLOBAL publisher United Kingdom Amiqus GamesDiscover more jobs in games The Chinese Room’s next project has yet to be announced, but Sumo was clear that the it would be allowed to, “”[continue] to create the unique, innovative games they are known and loved for.”The studio’s previous work includes the enormously influential Dear Esther, Amnesia: A Machine for Pigs, and Everybody’s Gone to the Rapture.If you have jobs news to share or a new hire you want to shout about, please contact us on [email protected] employer excellence in the video games industry8th July 2021Submit your company Sign up for The Daily Update and get the best of GamesIndustry.biz in your inbox. Enter your email addressMore storiesSumo Digital acquires The Chinese RoomBrighton-based developer of Dear Esther becomes the fifth Sumo Digital studioBy Matthew Handrahan 2 years agoSignificant layoffs at The Chinese Room as studio goes dark for new project”Is this the end? No, I don’t think so,” Dan Pinchbeck writes as majority of staff are let goBy James Batchelor 3 years agoLatest comments Sign in to contributeEmail addressPasswordSign in Need an account? Register now.last_img read more

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Statement Following Mandatory Investigation into Fatal Accident at the 15th Asian Games

first_img Subscribe to the Horse Sport newsletter and get an exclusive bonus digital edition! More from Horse Sport:Christilot Boylen Retires From Team SportAfter an exemplary career as one of Canada’s top Dressage riders, seven-time Olympian Christilot Boylen has announced her retirement from team competition.2020 Royal Agricultural Winter Fair CancelledFor only the second time in its history, The Royal Agricultural Winter Fair has been cancelled but plans are being made for some virtual competitions.Royal Agricultural Winter Fair Statement on 2020 EventAs the Province of Ontario starts to reopen, The Royal’s Board and staff will adhere to all recommendations put forward by government and health officials.Government Financial Assistance for Ontario FarmersOntario Equestrian has recently released this update of several financial assistance packages available, including those for farm business. Following the fatal accident, involving Mr Kim Hyung-Chil (KOR), which occurred yesterday 7 December 2006 during the Eventing competition at the 15th Asian Games in Doha (QAT), a full mandatory investigation was conducted.A report from the Technical Delegate for Eventing, Andrew Griffiths (GBR), examining all aspects of the tragedy in respect to the course and conditions was presented. Reporting together with Oliver Holberg (GER), technical footing expert appointed by the Doha Asian Games Organising Committee (DAGOC) and the FEI, Mr Griffiths stated:“The 11th competitor, Mr Hyung Chil Kim of Korea, fell at the eighth obstacle on the Cross Country Course during the second day of the Eventing competition. At the time of the accident, weather conditions were stable, and it was not raining.“The footing on the approach and the landing for the entire course was checked by me as Technical Delegate and Oliver Holberg, technical footing expert appointed by DAGOC and the FEI. Mr Holberg is also the footing expert for the course of the 2008 Olympic Games in Hong Kong and one of the most respected footing experts in the world.“Obstacle 8 measured 1.08 meters and was one of the smallest on the course. It was a straight-forward ascending fence built of solid material, which is normally considered a non-problematic, relatively easy fence.“Mr Kim, 47 years old, was a very experienced rider and had represented Korea in previous Olympics and Asian Games.“The horse approached the obstacle and essentially got too close to the jump before taking off, resulting in a somersault type of fall with the full weight of the horse landing on top of the rider on the other side of the fence. The rider was probably dead on impact. The horse sustained only minor injuries.“The emergency services were on hand immediately and every effort was made to help the rider, but unfortunately, nothing could be done.“In my professional opinion, neither the weather nor the footing had any bearing on this accident. No blame can be assigned to any individual factor. This is just a tragic accident that happens in our sport from time to time.An independent ad hoc inquiry committee consisting of Olympic gold medallist, Andrew Hoy (AUS), Course Designer Pierre Michelet (FRA), footing expert Oliver Holberg, and Grand Jury President Nicoli Fife (NZL) concurred with the above opinions.”The FEI is deeply distressed by the accident and expresses its condolences to the rider’s family and the Korean nation. SIGN UP Horse Sport Enews We’ll send you our regular newsletter and include you in our monthly giveaways. PLUS, you’ll receive our exclusive Rider Fitness digital edition with 15 exercises for more effective riding. Email*last_img read more

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