Scoreboard roundup — 12/21/18

first_img Beau Lund Written by FacebookTwitterLinkedInEmailiStock/Thinkstock(NEW YORK) — Here are the scores from Friday’s sports events:NATIONAL BASKETBALL ASSOCIATIONCharlotte 98, Detroit 86Toronto 126, Cleveland 110Atlanta 114, N.Y. Knicks 107Indiana 114, Brooklyn 106Milwaukee 120, Boston 107Chicago 90, Orlando 80San Antonio 124, Minnesota 98Sacramento 102, Memphis 99Utah 120, Portland 90L.A. Lakers 112, New Orleans 104NATIONAL HOCKEY LEAGUEWashington 2, Buffalo 1New Jersey 5, Ottawa 2Chicago 2, Colorado 1TOP 25 COLLEGE BASKETBALL(8) Gonzaga 101, Denver 40(10) Michigan St. 99, Oakland 69(20) Marquette 103, (14) Buffalo 85LSU 75, (24) Furman 57Copyright © 2018, ABC Radio. All rights reserved.center_img December 22, 2018 /Sports News – National Scoreboard roundup — 12/21/18last_img read more

Chilean Navy Seizes Cocaine Coming from Bolivia

first_img Latin Governments are routinely supporting and protecting drugs dealers.Ismael Maldonado of Tarija, for example, is widely known in Bolivia and Argentina for his Cocaine trafficking activity. Through Cocaine trafficking, Maldonado has become so strong financially that he has bought significant high level patronage and support/protection. He has a team of lawyers constantly fighting investigations and warding off convictions with technical objections. For example, the Bolivian public prosecutor and the police anti drugs unit conducted investigations against Maldonado for illicit earnings. The investigation was suspended only when Maldonado´s lawyers heard and fought to identify technicalities to suspend the investigation. Prior to the Bolivian government expelling the DEA in 2009, Maldonado was the subject of a Cocaine trafficking and money laundering investigation and he was also the subject of cross border trafficking investigations with Argentina and other known traffickers Kim Yong Soon and Miguel Busanich. There are many others. BUt each and every time, he escapes conviction. Maldonado launders the proceeds of this activity through his 26 stores called Fair Play where he sells athletic equiment and clothing. In Santa Cruz alone there are 4 identical stores within a 200m square box. Two of the stores are next door to each other. The Chilean Navy has seized more than 500 kilos of cocaine, hidden in a truck coming from Bolivia and headed for Europe, in the port of the city of Arica, an official source announced on May 16. “The drugs, more than 500 kilos of cocaine, were in a shipment of scrap metal transported by a truck coming from Bolivia and that was going to be loaded onto a ship that had Europe as its final destination,” Cristina Vidal, an operations officer for the Arica port captaincy said. The cocaine seizure took place on the docks in Arica, following an investigation that began the week before and involved the Navy, the Public Prosecutor’s Office, and Customs, which had been monitoring the truck since it crossed the border between Bolivia and Chile at the Chungará border crossing, Vidal added. The officer said that arrests had been made, but she did not provide more details, because the information is part of an ongoing investigation by the Public Prosecutor’s Office. The Chilean border with Bolivia and Peru extends over a distance of 1,300 km and has become a nexus between the producers of drugs and their final destination, according to the Chilean government. Chilean authorities have detected around 30 unauthorized crossing points along the border with Peru and 106 along the border with Bolivia. By Dialogo May 21, 2012last_img read more

Pensions industry weighs in on ECB data reporting plan

first_imgThe associations said it was not clear which German entities would have to report to the ECB. The central bank’s requirements would prove an additional burden for IORPs, the German organisations added, as such funds would be subject to “the almost simultaneous introduction of new reporting requirements by EIOPA”.“I fear this being a very significant resource drain for no demonstrable benefit”Mark Dowsey, Willis Towers WatsonIn total, pension funds would in future have to comply with three “extensive” reporting requirements, the associations added, including “existing, but hopefully reduced” reporting to the German national supervisor.They raised concerns about the timeframe for reporting liabilities – within 14 weeks – and said this was too short if a binding validation of the data was required within this period.Mark Dowsey, senior consultant at Willis Towers Watson, told IPE that the ECB’s data collection plans were “a big issue for many pension funds in Europe”.“I fear this being a very significant resource drain for no demonstrable benefit,” he said. “I understand the ECB’s wanting a broad handle on things at the macro level, but this sort of granular detail seems unnecessary.”What the European Central Bank has proposed EIOPA is still consulting on the regular reporting of occupational pensions information from national supervisory authorities. The requirements would apply to pension funds of €1bn or more in assets.According to Willis Towers Watson, the information sought by EIOPA goes beyond that targeted by the ECB – including, for example, data about pension protection schemes.In its work programme for 2018, EIOPA said its strategic ambition was to be “the EU data-hub for the collection, use and dissemination of reference and reporting data on EU insurance companies and pension funds”. It also claimed this year’s stress test of pension funds “will likely highlight a number of risks in relation to the occupational pensions market, and EIOPA will need to enhance its means of collecting, managing and analysing data on the sector”.EIOPA’s data proposals have already been criticised by pension funds, although formal responses will come in following the end of the consultation on 27 October.EIOPA and the ECB have worked together in setting up their definitions and frameworks with a view to minimising the reporting burden on the pensions industry, the two parties have said.EIOPA’s proposals – which are still open to consultation until 27 October – are focused on obtaining information from national supervisors. However, Willis Towers Watson’s Dowsey said regulators would still have to seek this data from individual pension schemes.The UK and other non-euro-zone European countries would probably be unaffected by the ECB’s regulation, Dowsey said, but – subject to Brexit negotiations – would probably still be affected by the EIOPA proposal. Proposed new data reporting rules affecting pension funds should be delayed by up to a year to aid understanding and compliance, according to German pension fund trade bodies.Both the European Central Bank (ECB) and the European Insurance and Occupational Pensions Authority (EIOPA) have proposed frameworks for data gathering from pension funds, both of which have been criticised already as posing a significant burden.Responding to the ECB’s consultation, which closed at the end of September, Germany’s aba called for a 12-month delay to the first required reporting date, from the end of 2018 to at least the end of 2019, “because from our perspective the earlier date is not feasible”.aba’s response was also on behalf of the German trade bodies for public and church pension funds (AKA) and Versorgungswerke (ABV).center_img The ECB wants pension funds to report regularly on their assets and liabilities as a means of “increasing transparency in this fast-growing sector of the financial services industry”. It published a draft regulation on this at the end of July and its consultation on the regulation ended on 29 September.According to Willis Towers Watson, the ECB regulation would require pension funds to provide broad and detailed reports on their assets, liabilities and membership numbers. At the asset level they would have to provide each security’s identification number (ISIN), price, market value, number of units, revaluations, and more.The draft rules state that “national central banks” should co-ordinate quarterly asset portfolio data and annual data regarding liabilities and membership. Dowsey questioned what the ECB or regulators would be able to do if they thought the data revealed a problem.“Let’s say they establish that pension funds have a significant exposure to Greek sovereign debt, or too many people are investing in a certain security,” he said. “They can’t compel [investors] to sell. Even issuing a warning would move markets, perhaps unnecessarily.”Trade bodies call for minimal reporting burdensPensionsEurope – the continental trade body for pension funds – and the Netherlands’ Pensioenfederatie both voiced support for the ECB’s aims in their consultation responses.The Dutch trade body appeared relatively unconcerned by the central bank’s plans. In comments shared with IPE, it said the dataset as requested by the ECB was not as comprehensive as the dataset requested by its national supervisor.“Consequently, the effect of this initiative on Dutch pension funds should be limited,” it said.In general, however, it was very important that reporting burden and costs were minimised as much as possible for its pension fund members, the Pensioenfederatie added.“When it comes to the process of data collection and distribution, a central role should be played by the national authority, that already [has] a lot of information available (at least in the Netherlands),” the federation said. PensionsEurope also emphasised the importance of keeping the reporting burden and costs to a minimum, but said it was “happy to see that the ECB already pays a lot of attention to that in its draft regulation”. However, it reiterated that pension funds should not be required to pay high fees to third parties to obtain the information required by the ECB and EIOPA.EIOPA’s plans for an EU “data-hub”last_img read more

Sportradar to deliver in-game edge through official MLB deal

first_imgShare Submit Share Sportradar will deliver a significant competitive edge to sportsbooks ‘in-game’ after securing the exclusive rights to distribute official real time game statistics from Major League Baseball (MLB) to media companies and regulated sports betting operators.Starting with the 2019 season, the new multi-year partnership encompasses media and gaming rights at both international and domestic levels.Across international markets outside of the US, Sportradar will hold exclusive distribution rights for the statistics, as collected at every ballpark via the league’s proprietary technology and stat operators, to both media companies and regulated sports betting operators. Meanwhile, it will also have exclusive rights to distribute live industry standard audio-visual game feeds to gaming operators outside the US in territories where sports betting is legal.In the US, Sportradar will have the same exclusive rights for official real time statistics distribution to media entities in their coverage of Major League Baseball.  Sportradar will also serve as the official supplier of MLB’s real time betting data feed in the US, where distribution to regulated sports betting operators will be on a non-exclusive basis through Sportradar and additional authorised distributors.Alongside the commercial partnership, MLB will incorporate Integrity Services from Sportradar, who will be monitoring and analysing every MLB game via its fraud detection system, as well as access to its intelligence and investigations services.Kenny Gersh, MLB Executive VP of Gaming & New Business Ventures, said: “A high-quality, reliable, and fast official data feed is the building block to creating engaging gaming products for MLB fans.“Sportradar, a proven industry leader in data distribution, is perfectly positioned to help MLB deliver an exceptional Official MLB betting feed. We are excited about the opportunities that this partnership will unlock as the sports betting landscape continues to unfold in the U.S.”“We are truly excited to be working with Major League Baseball as its official global data partner,” added Carsten Koerl, Chief Executive Officer of Sportradar. “This is not only a tremendous opportunity for Sportradar, but ultimately it opens up new doors for MLB fans who have historically shown a proclivity for sophisticated data. “We look forward to utilizing our vast global experience as the global leader in the data, AV, and integrity spaces to give fans and partners an unmatched experience.” Related Articles StumbleUpon Björn Nilsson: How Triggy is delivering digestible data through pre-set triggers August 28, 2020 David Lampitt, Sportradar: F1 presents betting’s most sizeable opportunity August 14, 2020 Sportradar combats social media abuse with player protection solution August 17, 2020last_img read more