The current design of the Federal Financial Institutions Examination Council’s new Cybersecurity Assessment Tool, also known as CAT, sets institutions up for cyber-risk assessment failure. That’s because the tool doesn’t take into account the unique cybersecurity risks banking institutions face. And users aren’t offered any opportunity to explain why they have or have not complied with specific categories and subcategories included in the tool’s questions.But banking executives say they’re hopeful the FFIEC will be receptive to the industry’s desire for a second version of the tool to be released by midyear. For now, none of the federal banking agencies that make up the FFIEC are saying what we might expect to see after a second comment period in January.The FFIEC would be wise to carefully consider the feedback it receives, and then use that feedback to make significant and meaningful changes to the tool—without delay (see Will FFIEC Revamp Cyber Assessment Tool?).The fact that the FFIEC is accepting a second wave of comments could very well be an indication that some changes to the tool are, indeed, on the way. continue reading » 8SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
Sweden’s AP7 plans to introduce factor investing into its portfolio for the first time as part of a risk-reduction exercise.The national pension fund that provides the default option in Sweden’s Premium Pension System (PPM) will also lower the gearing on its equity portfolio.The SEK430bn (€41.4bn) pension fund said: “As a step in implementing the new strategic portfolio, which was decided in 2016, AP7 is now starting to invest in factor premiums.”The goal, it said, was to invest 10% of the fund in these strategies over the next few years. “At the same time, the normal level of leverage is being reduced to 25%,” it said. This is reduction from the previous normal level of 35%.However, the actual level of gearing was to be set even lower, at 15% percent, AP7 said, due to its previous assessment of market valuations.At the end of December, the pension fund’s actual level of gearing was around 25%, according to its 2017 annual report.Since 2010, a central part of AP7’s management strategy for its SEK396bn equity fund – which accounts for the vast majority of its overall assets – has been passive exposure to a global index with leverage of 50%. AP7’s default option pension product, known as AP7 Såfa, is a lifecycle fund combining AP7’s equity and bond funds.In 2015, AP7’s board opted to halve the actual level of gearing to 25% because stockmarket valuations were considered high. In December 2016, when presenting a new strategic portfolio to be implemented by 2020, it reduced the normal leverage to 35% from 50% in order to increase the room for manoeuvre associated with the change.The first step in introducing other risks then began in 2017, and involved increased exposure to emerging markets and private equity, AP7 said.The pension fund said the new management strategy was aimed, in particular, at reducing risk through diversification.“Another central part of the strategy is to systematically apply more dynamic risk-taking, where the fund’s overall risk level is adjusted to extreme market valuations,” it said.In February the pension fund put out a tender for advice on “active alpha” procurement, in part of its move to add risk-factor investments to its portfolio.
The 7th grade St Louis Girls basketball team finished with 1 win and 1 loss Saturday at their 2nd annual St Louis School Invitational.The win came against St Bartholmew by a final score of 24 to 17. Kate Burkhart finished with a game high 7 points. Avery Roell & Hanna Hurm scored 4 points each. Sarah Preston finished with 5 points. Stella Hillenbrand& Kate Poltrack rounded out the scoring each with 2 points. Harlee Masavage led the Lady Cards in rebounding. Hailey Mohr led defensively. Hanna Hurm scored 4 points, followed by Hailey Mohr, Kate Burkhart, & Stella Hillenbrand with 2 each. Avery Roell added a 3 pointer and Harlee Masavage a free throw.Submitted by STL Coach Mike Burkhart. In the second game St Louis squared off against a much taller and more athletic Benjamin Rush team. Final score Ben Rush 44 St Louis 14.
The third party of the group was disputed. Spain came from beating the United States (3-1) and Chile (2-0). England had lost against all odds against the Americans and defeated the ‘Red’ in South America. Guillermo Eizaguirre and his men in red were satisfied with the draw to be first in the group and go to the second phase and fight for the title.The English’s obligation to win was reflected from the beginning with a brilliant and aggressive start, also promoted by a wet and very fast grass. It was evident that they had a great team with established players such as Stanley Matthews, who was then 35 years old and who would win the first Ballon d’Or in 1956, along with Ramsey, Bentley, Finney … Piru GainzaGainza disputed 33 parties with the Selection in which it marked 10 goals. It was a very fast left winger and he always looked at the opposite goal. He formed alongside Iriondo (far right), Venancio (right inside), Zarra (center forward) and Panizo (left inside) a mythical Athletic forward. Among the five they scored 848 goals in the League and Cup. Only Venancio was out of the call for the 1950 World Cup in Brazil. Spain was returning to a World Cup 16 years after Italy 34. It had not been present in France 38 due to the Civil War and then came the hiatus of the Second World War. For the English it was their debut. Antoni Ramallets, in goal, without gloves and with knee pads, confirming with his stops and, above all, with his starts, the confidence that the coach had given him. The Barca goalkeeper had not been a starter in the first game of the World Cup, Ignacio Eizaguirre played, but the other Eizaguirre, Guillermo, the coach, gave him his favor in the second match against Chile and repeated against the English. The reaction of the English who were out of the World Cup is described as furious and the last quarter of an hour of the National Team with total control of the match is defined as spectacular. Panizo is charged with a shot to the crossbar and Zarra another to the post, but the game ends with that solitary goal by the Basque striker, on whom so many liters of ink have been dedicated.Since 1929, Spain had not been able to win back to England. By It is impossible to have a minimal notion of football and not to have heard, heard, read or dreamed about Telmo Zarraonaindia’s goal for England in the 1950 World Cup. It was at the legendary and legendary Maracanã stadium in Rio de Janeiro. Both assured the Spanish team to be among the first four, as it was finally, after tying with Uruguay and losing the last two games against Brazil and Sweden.That fourth place turned out to be the best achieved by Spain in a World Championship until 60 years later he achieved the star in the World Cup in South Africa with another goal for history, that of Iniesta in Johannesburg.The 1950 World Cup in Brazil will be remembered especially for two goals. The most important was the Uruguayan Gigghia in the final against Brazil that made the unforgettable Maracanazo possible, but el ours ’, that of Zarra to England, meant beating the team that was one of the best teams of the moment. Or at least that’s how they considered themselves. Three p.m. Maracana was not full, Brazil was not playing, but it was packed. Spain, red shirt and blue pants. England, in black and white. Piru Gainza, who was in doubt, was the Spanish captain. Choose the opponent field, put the ball into play Zarra. The two teams under the same tactical pattern, the 1-3-2-5 of the time, which in terms of occupying the spaces had a better staggering of men between the lines.Gonzalvo III, a flying theorist, was embedded in the defense to avoid inferiority. Alonso and Gonzalvo II were in charge of the English extreme theorists, Finney and Mathews. Puchades linked with Panizo and Igoa. Zarra was the offensive reference with Basora and Gainza working the entire band. Zarra’s goal seen from another angle. What is not so clear is with what part of his limb the striker hit the ball. In interviews given after the event, he himself leaves different versions. The blurred and black-and-white images, as they correspond to the time, hint that he touched the ball with the inside of his foot, but it could have been with the upper part of the ankle or the pimple itself, which Zarra called cane.Always witty in one of the thousand opportunities in which he was asked about the goal for the rest of his life, he joked about whether the goal had been half scored between Matías Prats, official narrator, and him. “It seems to me that we marked it between the two. With the verbiage he has, he must have misled Williams, who jumped to his left so that I could shoot the other way. ” The second head of Europe after ChurchillTelmo Zarra, who would be 100 years old on January 20, 2021, must be treated as a lord, used and voiced as soon as the conversation is about scorers. The highest historical scorer in the League with 251 goals in 277 games, 0.91 on average, only Leo Messi, in November 2014, was able to break the record reaching 253 in 289 games, 0.87 on average.In the National Team, he played 20 matches between March 11, 1945 (Portugal-Spain, 2-2 at the Jamor National Stadium) and June 17, 1951 (Sweden-Spain, 0-0, Rasunda Stadium in Stockholm ) and garnered 20 goals, with a tally of four goals (6-3 against Switzerland) and five doublets. He scored four goals in the six games of the World Cup in Brazil, three in the two matches of the qualifying phase and 13 in the 12 friendlies he played. The starting eleven who beat England poses before the start of the match: standing, Ramallets, Gonzalvo III, Alonso, Gonzalvo II and Puchades. Crouched, Basra, Igoa, Zarra, Panizo, Gaínza and Parra. Precisely in his last international match, posters announcing the match with the photo of Zarra and a legend: “Admire the best head in Europe after Churchill” could be found on the streets of Stockholm. To the amusement of the interested party, his reputation as a header had crossed borders and reached the Nordic countries where, as good lovers of British football, they especially valued the aerial game. Over time, Telmo confessed that when he began to play he was afraid to finish with that part of the body and that he did not learn to pitch until he arrived at Athletic and Iriondo and Gainza bombarded centers in training sessions.In fact, he was so afraid of the collisions with the rival defenders that he based his entire game on the anticipation and the unmarking and thus arrive with an advantage to the auction area and with the defenses as far as possible from contact. Also on the elaboration of both there are several versions. The longest narrates that after the service with the hand of Ramallets on Gonzalvo III, the ball passed through Gainza, Panizo, Puchades, again Gainza, a cut by the English Wright happens and the ball ends at the feet of Gabriel Alonso. From here there are images and the short version.The lateral runs his band and when he reaches the vertex of the large area, he centers past the furthest post, where Gainza appears, following the play that leaves the ball dead, Igoa does not reach the auction in the first instance, but Zarra does. The world turned upside down, Gainza turning Zarra upside down, when it would have been normal for the winger to center with his left foot and the battering ram finished off with a head. Matías Prats CañeteThe legendary journalist was one of the best-known voices on Spanish radio between the 40s and 70s. He was a narrator of the NO-DO and his particular way of broadcasting soccer games and bullfights created school in Spanish journalism. He not only relayed Zarra’s goal, but also Marcelino’s to the USSR that gave Spain its first Eurocup. RamalletsHe was baptized ‘El Gato de Maracaná’ after his magnificent performance against the English team. Throughout his career, he was the least goal-scoring goalkeeper in the League five times wearing the Barcelona shirt. He played 35 games with Spain in which he conceded 51 goals. ‘Uncle’ BenitoGuillermo Eizaguirre was officially the national coach, but the figure of Benito Díaz as a field coach was always highly valued by the internationals who played in that World Cup, to the point that they considered him the true ‘brain’ of the technical team.The tactics section was on his side and he was always considered a scholar of the matter and especially of the WM being one of his great defenders in Spanish football. He trained Real Sociedad at the same time as he was in charge of the National Team and at the end of his career he could not shake off the reputation of a defensive coach. The obituary of Daily HeraldThe defeat of the ‘pross’ was so traumatic that the following day the Labor newspaper “Daily Herald” published the following note: “Our affectionate memory of English football, who died in Rio de Janeiro on July 2, 1950. A large circle friends regrets his painful loss. R.I.P. Note: The body will be cremated and its ashes transferred to Spain ». Ramallets stops a shot by the English during the first part of the match. The party went to rest with a goalless draw. Spain was worth it. Not the English. As soon as the second part began, the thousand versions arrived. Even, it was gotten to comment, due to the fame of headboard that Zarra had, that the goal had been with the head. No, it was with his right leg, to boat soon, that is indisputable.
In what is hilarious, though completely expected news (by now), Microsoft has pulled yet another Xbox 180: the mandatory, always plugged-in Kinect is no longer mandatory. You can shove that thing in a drawer if you want, and never feel weird when you aren’t wearing pants in your living room like we all know you do.Microsoft already stated that the Kinect doesn’t have to be powered on, but at that time, it was still required to be plugged into the Xbox One. This, of course, remains a little nerve-racking. The paranoid among us suggest that the Kinect never actually shuts off, and Microsoft could spy on us in our undies. Speaking with IGN, Xbox vice president Marc Whitten confirmed that the Xbox One will no longer require the Kinect to be plugged into the console. Yes, another Xbox One reversal.If you end up living in a constant cycle of shutting off and turning on your Kinect and simply can’t remember what state the sensor is in anymore, the Xbox One will prompt you to turn on the Kinect whenever a feature requires it.So, since the Xbox One’s reveal not too long ago, Microsoft has reversed just about every single policy of which the public wasn’t fond. From the always-online policy, to not allowing developers to self-publish titles, and now the mandatory Kinect, Microsoft pulled so many 180s we aren’t quite sure which direction the company is facing anymore.Now, if only Microsoft would do something about that $500 price tag.