ic Man convicted of double murder in Fort Frances charged in $2.2M Winnipeg drug bust By www.cbc.ca Published On :: Wed, 6 May 2020 11:42:58 EDT Two men are charged in connection with an illegal drug distribution operation after Winnipeg police seized more than $2.2 million worth of methamphetamine, cocaine and ecstasy. Full Article News/Canada/Manitoba
ic Ford government's blue licence plates officially scrapped, 'Yours to Discover' is back By www.cbc.ca Published On :: Wed, 6 May 2020 13:18:34 EDT The premier’s office confirmed the news in an email statement, blaming visibility issues under "very specific lighting conditions." Full Article News/Canada/Toronto
ic No magic bullet: Former head of AIDS Thunder Bay talks about similarities between HIV, COVID-19 By www.cbc.ca Published On :: Thu, 7 May 2020 07:00:00 EDT A virus that spreads fear and stigma, as well as disease. It’s the story of HIV/AIDS as well as COVID-19. The former executive director of AIDS Thunder Bay reflects on the similarities he sees between HIV 35 years ago, and the coronavirus now. Full Article News/Canada/Thunder Bay
ic Thunder Bay physiotherapist has licence suspended for incident over a decade ago By www.cbc.ca Published On :: Wed, 6 May 2020 17:21:42 EDT A physiotherapist in Thunder Bay, Ont., has had his licence suspended until September, as part of a disciplinary hearing. Full Article News/Canada/Thunder Bay
ic Thunder Bay Border Cats strike out as 2020 Northwoods League baseball season officially delayed By www.cbc.ca Published On :: Thu, 7 May 2020 15:29:02 EDT The Northwoods League announced Thursday that its 2020 season will not begin on May 26, as originally scheduled, due to the COVID-19 pandemic. Full Article News/Canada/Thunder Bay
ic Thunder Bay District Health Unit confirms 1 new case of COVID-19 Thursday By www.cbc.ca Published On :: Thu, 7 May 2020 16:27:46 EDT The Thunder Bay District Health Unit (TBDHU) confirmed one new case of COVID-19 in its catchment area Thursday, bringing the total in the area to 77, with 65 of those listed as resolved. Full Article News/Canada/Thunder Bay
ic Canada's federal health minister 'cautiously optimistic' about easing some COVID-19 restrictions By www.cbc.ca Published On :: Fri, 8 May 2020 12:46:08 EDT Despite some pockets of severe activity, Canadians are succeeding at flattening the curve of the COVID-19 pandemic, the country’s federal health minister, Patty Hajdu, said Thursday. Full Article News/Canada/Thunder Bay
ic Retail stores in Fort William First Nation reopen to general public By www.cbc.ca Published On :: Fri, 8 May 2020 15:15:57 EDT Retail stores in Fort William First Nation (FWFN) reopened to the general public on May 5, but they are under new operating requirements, the band council announced Friday. However, the residential area of the First Nation remains accessible only to people who live in the community. Full Article News/Canada/Thunder Bay
ic Technical Colloquium 2016 By cert-mu.govmu.org Published On :: Mon, 06 Nov 2017 12:21:39 GMT The Computer Emergency Response Team of Mauritius, a division of the National Computer Board operating under the aegis of the Ministry of Technology, Communication & Innovation hosted the Forum of Incident Response & Security Teams (FIRST) Technical Colloquium, a three-day event on cybersecurity for the 1st time in Mauritius from 22 – 24th November 2016 at Le Meridien Hotel, Point aux Piments. This event was organised in collaboration with the Forum of Incident Response & Security Teams (FIRST), USA and supported by our stakeholders namely Symantec, Secure Services (Mauritius) Ltd, ORACLE & USERTECH Solutions. The event was conducted over three days which comprised of a Cybersecurity conference on the 1st day and two training programmes on the other 2 days. The 2 training programmes that were conducted were Practical Dynamic Analysis of Modern Malware with Free Tools and Introduction & Set-up of CSIRT. The event was officially opened by the Permanent Secretary of the Ministry of Technology, Communication & Innovation, Mrs. Rooba Yanembal Moorghen. Some 90 participants were present during the Cybersecurity conference and 60 IT Professionals have attended both training programmes. Full Article
ic Cyber Defense Monitoring and Forensics Training By cert-mu.govmu.org Published On :: Tue, 20 Mar 2018 10:14:26 GMT The Computer Emergency Response Team of Mauritius (CERT-MU) in collaboration with the Command and Control Centre of Kenya organised a 3-day training programme on Cyber Defense Monitoring and Forensics at Voilà Hotel, Bagatelle from the 27th February – 1st March 2018. The training course provided an introduction to Network Security Monitoring (NSM), Security Information and Events Management (SIEM), Malware Analysis and Digital Forensics. Major part of the course was hands-on case studies and analysis exercises using real world data. The main focus of the training programme was on intensive hands-on sessions on addressing key challenges faced by local organizations in all sectors/industries. A wide range of commercial and open source tools were used to equip cyber defenders with the necessary skills to anticipate, detect, respond and contain adversaries. The training programme was followed by 23 participants from the public and private sector. Full Article
ic National Cyber Security Drill for Critical Information Infrastructures (CIIs) By cert-mu.govmu.org Published On :: Mon, 24 Jun 2019 12:16:39 GMT Cyber risk is now one of the most commonly talked about topics as the impact of cybercrime reaches an all-time high. Heavily connected industries, such as financial services and critical national infrastructure (CNI) pose a systemic risk to the markets they serve. We are now seeing national cybersecurity incident simulation exercises being carried out by governments and/or industry associations. This helps to exercise the reaction to cybersecurity incidents, which impact various parts of the supply chain, from financial transactions to the operational technology that underpins our daily lives. In line with this, the Computer Emergency Response Team of Mauritius (CERT-MU), a division of the National Computer Board operating under the aegis of the Ministry of Technology, Communication & Innovation is organizing a National Cybersecurity Drill from the 25th – 28th June 2019 for the Financial Sector and the Civil Aviation Department. The main objective of the 4 days’ event is to assess the preparedness of these sectors to resist cyber threats and enable timely detection, response, and mitigation and recovery actions in the event of cyber-attacks. The activities to be organized are as follows: · One-day workshop on Cyber Attack Preparedness & Response (25th June 2019) · Three-days Cyber Drill exercise (26th – 28th June 2019) Full Article
ic Comment on Tamil flick Endhiran slated to hit theatres on 1st October by Media Wettbewerbe By rss-newsfeed.india-meets-classic.net Published On :: Sat, 25 Sep 2010 21:38:48 +0000 <span class="topsy_trackback_comment"><span class="topsy_twitter_username"><span class="topsy_trackback_content">Tamil flick Endhiran slated to hit theatres on 1st October | RSS ...: Mumbai (Bollypatrika News): Tamil flick “End... http://bit.ly/dxOe6H</span></span> Full Article
ic Comment on Rock-Oper "Excalibur" wieder auf Tour by Celtic Grove Rock By rss-newsfeed.india-meets-classic.net Published On :: Thu, 28 Oct 2010 17:49:39 +0000 <span class="topsy_trackback_comment"><span class="topsy_twitter_username"><span class="topsy_trackback_content">Celtic Rock News - Rock-Oper "Excalibur" wieder auf Tour | RSS Feeds – IMC OnAir ...: Rock-Oper "Ex... http://bit.ly/bLZX6K celticgrove.com</span></span> Full Article
ic Comment on Chief Executive Officer – Pro Bono Australia by Rob By rss-newsfeed.india-meets-classic.net Published On :: Tue, 02 Nov 2010 15:57:55 +0000 Job of The Week: CEO – Nordoff Robbins Music Therapy http://bit.ly/aFIMNM Full Article
ic Comment on Connecticut statue unveiled at its new home – Richmond Times Dispatch by IMCRadio.Net By rss-newsfeed.india-meets-classic.net Published On :: Sun, 07 Nov 2010 03:32:40 +0000 <span class="topsy_trackback_comment"><span class="topsy_twitter_username"><span class="topsy_trackback_content">Connecticut statue unveiled at its new home – Richmond Times Dispatch http://bit.ly/9LUBTy #IMCRadio.net</span></span> Full Article
ic Comment on Hrithik Roshan still under medication by Vishal Jalore By rss-newsfeed.india-meets-classic.net Published On :: Sat, 27 Nov 2010 17:33:57 +0000 <span class="topsy_trackback_comment"><span class="topsy_twitter_username"><span class="topsy_trackback_content">RT @imconair: Hrithik Roshan still under medication http://bit.ly/gFyC3O #IMCRadio.net</span></span> Full Article
ic Cardiologist worries heart patients denying themselves care over pandemic fears By www.cbc.ca Published On :: Fri, 8 May 2020 04:30:00 EDT A St. John's cardiologist says public health restrictions put in place under the COVID-19 pandemic, while justified, may be harming cardiac patients whose procedures have been postponed indefinitely as well as heart patients who are avoiding hospitals. Full Article News/Canada/Nfld. & Labrador
ic Mount Pearl entrepreneur cast into limbo by pandemic is symbolic of soaring jobless rate By www.cbc.ca Published On :: Fri, 8 May 2020 09:36:29 EDT Newfoundland and Labrador's already fragile economy suffered another gut-punch in April, with Statistics Canada reporting Friday that 29,000 jobs were lost in April alone. Full Article News/Canada/Nfld. & Labrador
ic Man in custody after police warned Lawn residents to stay inside By www.cbc.ca Published On :: Fri, 8 May 2020 10:36:18 EDT A man is in police custody following an incident that briefly put the Burin Peninsula community of Lawn on high alert on Friday morning. Full Article News/Canada/Nfld. & Labrador
ic Marine Atlantic cancels Argentia run while provincial ferries look to ease restrictions By www.cbc.ca Published On :: Fri, 8 May 2020 16:09:06 EDT Demand for service is not expected to recover in the coming weeks, says Marine Atlantic. Full Article News/Canada/Nfld. & Labrador
ic Police don't want convicted killer Philip Pynn back in N.L. By www.cbc.ca Published On :: Fri, 8 May 2020 15:49:49 EDT Philip Pynn is being released from federal prison for a second time, after breaching conditions landed him back behind bars last year — but it's not clear where he can live. Full Article News/Canada/Nfld. & Labrador
ic The Dwight Ball Show: How the COVID-19 briefings took a political turn By www.cbc.ca Published On :: Sat, 9 May 2020 04:30:00 EDT The COVID-19 briefings started out as an urgent response to a public health crisis. As John Gushue writes, Premier Dwight Ball has grown comfortable in the role of hosting a program focused on government programs. Full Article News/Canada/Nfld. & Labrador
ic Put yourself in their shoes: Let's thank the women on the front line of the pandemic By www.cbc.ca Published On :: Sat, 9 May 2020 07:30:00 EDT COVID-19 is not an equal opportunity pandemic. As Memorial president Vianne Timmons writes in this guest column, women are often in harm's way because of their work. Full Article News/Canada/Nfld. & Labrador
ic Not your stereotypical missionary By feedproxy.google.com Published On :: Fri, 19 Jul 2019 15:58:38 +0000 From age 17, Ana Maria prayed to serve God in Switzerland. While she waited, she became a dance instructor with no idea dance would become her ministry. Full Article
ic “Invertir mi tiempo en esta tierra, en lugar de desperdiciarlo” By feedproxy.google.com Published On :: Thu, 15 Aug 2019 13:42:28 +0000 Para Roberto Ramírez de Costa Rica, servir a Dios en misiones ha sido un paso de fe tras otro. Perdió su trabajo, su estabilidad financiera e incluso a su prometida, pero ganó mucho más. Full Article
ic The Loop: What's possible in a pandemic? By www.cbc.ca Published On :: Fri, 8 May 2020 12:00:00 EDT Take a listen to Episode 9 of CBC Edmonton's new podcast, The Loop. Full Article News/Canada/Edmonton
ic Prehistoric reptile put survival where its mouth is, developed mammal enamel on its teeth: study By www.cbc.ca Published On :: Sat, 9 May 2020 10:30:00 EDT In a new twist on oral history, University of Alberta paleontologists have discovered that an Argentinian reptile from 95 million years ago developed a type of tooth enamel that is common in humans and other mammals but rare among reptiles. Full Article News/Canada/Edmonton
ic Traffic rerouted in north Edmonton due to report of suspicious package By www.cbc.ca Published On :: Sat, 9 May 2020 12:53:57 EDT Police are investigating a report of a suspicious package in north Edmonton. Full Article News/Canada/Edmonton
ic NDP health critic says Ford showing 'his true colours' on public health By www.cbc.ca Published On :: Thu, 7 May 2020 05:00:00 EDT The NDP health critic says comments Premier Doug Ford made this week calling out medical officers of health for not getting enough COVID-19 testing done are uncalled for. Full Article News/Canada/Sudbury
ic Chance for northern Ontario business owners to share concerns with federal economic development minister By www.cbc.ca Published On :: Fri, 8 May 2020 06:00:00 EDT Business owners throughout northern Ontario will have the chance Friday morning to speak directly with federal Economic Development Minister Mélanie Joly. Full Article News/Canada/Sudbury
ic Marian Anderson in Performance: A Visual (and Musical) Story By blogs.loc.gov Published On :: Thu, 09 Apr 2020 13:09:36 +0000 The following is a post by Kristi Finefield, Reference Specialist in the Prints & Photographs Division, and member of the Picture This blog team. Images have a way of opening our eyes to new aspects of a well-known story. When I think of singer Marian Anderson, an image of her performing at the Lincoln Memorial […] Full Article Photographs
ic African Americans at the Turn of the 20th Century: A Graphic Visualization By blogs.loc.gov Published On :: Thu, 16 Apr 2020 15:42:23 +0000 Visitors to the 1900 Paris Exposition would have had the opportunity to view an extraordinary display of photographs, charts, publications and other items meant to demonstrate the progress and resilience of African Americans in the United States, only a few decades after the abolition of slavery. The materials were assembled by African American intellectuals Thomas J. […] Full Article Drawings
ic Susie King Taylor: The Courage of an African American Nurse and Teacher By blogs.loc.gov Published On :: Wed, 06 May 2020 14:24:27 +0000 Below is an interview with Elizabeth Lindqwister, the summer 2019 Liljenquist Family Fellow, and Prints & Photographs Division staff members, Karen Chittenden and Micah Messenheimer, about creating a Story Map focusing on the Civil War experience of Susie King Taylor. Many courageous people are pulling double and triple duty in this time of quarantine for […] Full Article Drawings Photographs
ic Enrichment of Fully Packaged Virions in Column-Purified Recombinant Adeno-Associated Virus (rAAV) Preparations by Iodixanol Gradient Centrifugation Followed by Anion-Exchange Column Chromatography By cshprotocols.cshlp.org Published On :: 2020-02-03T06:30:10-08:00 This rapid and efficient method to prepare highly purified recombinant adeno-associated viruses (rAAVs) is based on binding of negatively charged rAAV capsids to an anion-exchange resin that is pH dependent. Full Article
ic Purification of Recombinant Adeno-Associated Viruses (rAAVs) by Iodixanol Gradient Centrifugation By cshprotocols.cshlp.org Published On :: 2020-02-03T06:30:10-08:00 This is a simple method for rapid preparation of recombinant adeno-associated virus (rAAV) stocks, which can be used for in vivo gene delivery. The purity of these vectors is considerably lower than that obtained by either CsCl gradient centrifugation or by combination of iodixanol gradient ultracentrifugation followed by column chromatography. Full Article
ic Recovery of DNA from Low-Melting-Temperature Agarose Gels: Organic Extraction By cshprotocols.cshlp.org Published On :: 2020-03-02T06:30:09-08:00 In this protocol, DNA fragments are separated according to size by electrophoresis through low-melting-temperature agarose, and then recovered by melting the agarose and extracting with phenol:chloroform. The protocol works best for DNA fragments ranging in size from 0.5 to 5.0 kb. Yields of DNA fragments outside this range are usually lower, but often are sufficient for many purposes. Full Article
ic Standard Immunization of Mice, Rats, and Hamsters By cshprotocols.cshlp.org Published On :: 2020-03-02T06:30:09-08:00 Mice, rats, or hamsters are immunized by giving biweekly injections of a purified antigen, cultured cells, or cDNA. For mice, if a pure, soluble protein antigen is being used and is abundant, a dose of 50–100 µg in adjuvant at each immunization is a sensible general recommendation; for rats and hamsters, a dose of 100–200 µg is sufficient. Lower doses can be used for antigens with higher immunogenicity. Adjuvants (Freund's, Ribi, Hunter's TiterMax, ImmunEasy, or Alum) should be mixed with the immunizing antigen for the first two immunizations only; Complete Freund's adjuvant is only used with the first immunization. Subsequent immunizations are performed in phosphate-buffered saline (PBS) or normal saline, with or without Incomplete Freund's adjuvant. The choice of adjuvant is dependent on the subclass of immunoglobulin required. Over the course of the 6-wk immunization schedule, each animal usually receives a total of six injections (three subcutaneous and three intraperitoneal). Once a good titer has developed against the antigen of interest, regular boosts and bleeds are performed to collect the maximum amount of serum. For rats and hamsters, boosts should be spaced every 2–3 wk, and serum samples of 400–500 µL should be collected 10–12 d after each boost. For mice, boosts should be spaced every 2–3 wk, and serum samples of 200–300 µL should be collected 10–12 d after each boost. Full Article
ic Two-Step Bacterial Artificial Chromosome (BAC) Engineering: Verification of Co-Integrates and Selection of Resolved BAC Clones By cshprotocols.cshlp.org Published On :: 2020-04-01T06:30:11-07:00 Successful modification of the bacterial artificial chromosome (BAC) after two-step BAC engineering is confirmed in two separate polymerase chain reactions (PCRs). The first reaction (5' co-integrate PCR) uses a forward 5' co-integrate primer (a sequence located upstream of the 5' end of the A-box) and a reverse 3' primer on the vector (175PA+50AT) or within the reporter sequence or mutated region as appropriate. The second reaction (3' co-integrate PCR) uses a forward 5' primer on the recA gene (RecA1300S) and a reverse 3' co-integrate primer (a sequence located downstream from the 3' end of the B-box). Those colonies shown to be positive in PCR analysis are further tested for sensitivity to UV light. After the resolution, colonies that have lost the excised recombination vector including sacB and recA genes become UV light sensitive. Full Article
ic Two-Step Bacterial Artificial Chromosome (BAC) Engineering: Electroporation of Competent BAC Host Cells with the Recombinant Shuttle Vector By cshprotocols.cshlp.org Published On :: 2020-04-01T06:30:11-07:00 Bacterial artificial chromosome (BAC) clones are rendered electrocompetent and transformed with the recombinant shuttle vector, pLD53SCAB/AB-box. Cointegrates are selected by growth on chloramphenicol and ampicillin to ensure recombination of the shuttle vector into the BAC. Full Article
ic Two-Step Bacterial Artificial Chromosome (BAC) Engineering: Preparation and Verification of the Recombinant Shuttle Vector By cshprotocols.cshlp.org Published On :: 2020-04-01T06:30:11-07:00 Plasmid DNA is prepared from the recombinant shuttle vector pLD53.SCAB/A-B created by cloning of the A and B homology arms for two-step bacterial artificial chromosome (BAC) engineering. To confirm that the A-box and B-box arms have been successfully incorporated into pLD53.SCAB, the pattern of enzyme digestion of the modified plasmid is compared with that of the unmodified pLD53.SCAB. Once the shuttle vector is shown to carry the proper sequences, it is ready for transfer into the BAC host. Full Article
ic Two-Step Bacterial Artificial Chromosome (BAC) Engineering: Cloning of the A and B Homology Arms into the Shuttle Vector By cshprotocols.cshlp.org Published On :: 2020-04-01T06:30:11-07:00 This protocol describes the preparation of the shuttle vector before its introduction into bacterial artificial chromosome (BAC) host cells for BAC two-step engineering. The homology arm sequences, prepared previously, are introduced by ligation into the digested shuttle vector DNA to provide sites for recombination within the BAC clone. Crude lysates of individual bacterial transformants serve as templates in polymerase chain reaction (PCR) analysis to confirm the presence of the homology arms in the recombinant shuttle vector. Full Article
ic Two-Step Bacterial Artificial Chromosome (BAC) Engineering: Preparation of the A Homology Arm (A-Box) and B Homology Arm (B-Box) By cshprotocols.cshlp.org Published On :: 2020-04-01T06:30:11-07:00 The 700-bp A homology arm (A-box) and the 700-bp B homology arm (B-box) are amplified by polymerase chain reaction (PCR) using purified bacterial artificial chromosome (BAC) DNA as template for two-step BAC engineering. The resulting A-box PCR product contains an AscI site at its 5' end (the 5' primer incorporates an AscI site, and the 3' primer does not incorporate any restriction sites). The B-box PCR product contains an XmaI site at its 3' end (the 5' primer does not incorporate any restriction sites, and the 3' primer incorporates an XmaI site). The amplification products are then digested with the appropriate restriction endonucleases to render them suitable for cloning into the shuttle vector. Full Article
ic Two-Step Bacterial Artificial Chromosome (BAC) Engineering: Preparation of Shuttle Vector DNA By cshprotocols.cshlp.org Published On :: 2020-04-01T06:30:11-07:00 In two-step bacterial artificial chromosome (BAC) engineering, a single plasmid is introduced into the BAC-carrying cell lines. The shuttle vector pLD53.SCAB (or pLD53.SCAEB) carries the recA gene and the R6K origin, which requires the protein to replicate. PIR2 cells, expressing , are typically used for the amplification of the vector and maintain about 15 copies/cell of the donor vector, which is relatively stable in this host. Full Article
ic Reflections on regulatory responses to the Covid-19 pandemic By www.bis.org Published On :: 2020-04-15T14:00:00Z FSI Briefs No 1, April 2020. Regulatory policy responses should seek to support economic activity while preserving the financial system's soundness and ensuring transparency. The recommendation for banks to make full use of capital and liquidity buffers should go hand in hand with restrictions on dividends and bonuses and clarity concerning the process for rebuilding them. Flexibility in loan classification criteria for prudential and accounting purposes should be complemented with sufficient disclosure on the criteria banks use to assess creditworthiness. The publication of detailed guidance on the application of expected loss provisioning rules, combined with sensible transitional arrangements, may constitute a balanced approach to mitigating the unintended effects of the new accounting standards. Full Article
ic Covid-19 and operational resilience: addressing financial institutions' operational challenges in a pandemic By www.bis.org Published On :: 2020-04-16T16:00:00Z FSI Briefs No 2, April 2020. Guidance issued by financial sector authorities in response to the Covid-19 crisis seems to suggest that international efforts to come up with operational resilience standards should take into account at least the following elements: Critical/essential employees: identifying the critical functions and employees that support important business services, as well as ensuring employees' safety and that they can safely resume their duties (remotely, if necessary); IT infrastructure: ensuring that IT infrastructure can support a sharp increase in usage over an extended period and taking steps to safeguard information security; Third-party service providers: ensuring that external service providers and/or critical suppliers are taking adequate measures and are sufficiently prepared for a scenario in which there will be heavy reliance on their services; Cyber resilience: remaining vigilant in order to identify and protect vulnerable systems, and detect, respond and recover from cyber attacks.. Full Article
ic Macroeconomic effects of Covid-19: an early review By www.bis.org Published On :: 2020-04-17T09:30:00Z BIS Bulletin No 7, April 2020. Past epidemics had long-lasting effects on economies through illness and the loss of lives, while Covid-19 is marked by widespread containment measures and relatively lower fatalities among young people. The short-term costs of Covid-19 will probably dwarf those of past epidemics, due to the unprecedented and synchronised global sudden stop in economic activity induced by containment measures. The current estimated impact on global GDP growth for 2020 is around -4%, with substantial downside risks if containment policies are prolonged. Output losses are larger for major economies. Full Article
ic The Janus face of bank geographic complexity By www.bis.org Published On :: 2020-04-20T08:00:00Z This paper studies the relationship between bank geographic complexity and risk. We use a unique dataset of 96 bank holding companies around the world to measure the geographic dispersion of their affiliates. We study how this dispersion interacts with economic and regulatory conditions to affect the riskiness of the bank. Full Article
ic Expected loss provisioning under a global pandemic By www.bis.org Published On :: 2020-04-20T09:00:00Z FSI Briefs No 3, April 2020. In response to the 2007-09 Great Financial Crisis (GFC), accounting standard setters introduced a new methodology to value loans based on expected credit losses (ECL). The previous approach, based on incurred losses, was viewed as procyclical and inconsistent with prudential objectives. In the wake of the Covid-19 pandemic, several prudential authorities and the Basel Committee on Banking Supervision (BCBS), introduced a series of measures to clarify how banks should consider various public and private debt relief programmes in their ECL estimates and in their calculation of regulatory capital. These measures are intended to incentivise banks to continue supporting the real economy, while reducing pressure on banks' ECL provisions, earnings and regulatory capital. Supervisory initiatives that provide capital relief should be augmented by severe constraints on the payment of dividends, bonuses and share buybacks. These joint actions will simultaneously expand banks' lending capacity and enhance their ability to absorb losses. Prudential authorities face difficult trade-offs as they confront the most severe economic crisis in modern times. Encouraging the use of flexibility in applicable accounting standards, while preserving market trust and transparency in the reported financial statements of banks, will be key in fostering both economic and financial stability. Full Article
ic Buffering Covid-19 losses - the role of prudential policy By www.bis.org Published On :: 2020-04-24T09:00:00Z BIS Bulletin No 9, April 2020. By allowing banks to run down some of their buffers, policymakers are sending a strong signal about their resolve to lessen the economic fallout from the pandemic. Such prudential measures complement the main policy levers: monetary and fiscal instruments. To avoid a reduction in credit to the real economy, authorities need to ensure that banks have the capacity and willingness to make use of the flexibility afforded by the buffer release. Payout restrictions on banks and risk-sharing between banks and the public sector will be key. For banks to continue playing a positive role in the supply of funding during the recovery, they should maintain usable buffers for a long period, as losses from a severe recession will take time to materialise. Full Article
ic Dollar invoicing, global value chains, and the business cycle dynamics of international trade By www.bis.org Published On :: 2020-04-28T09:00:00Z Recent literature has highlighted that international trade is mostly priced in a few key vehicle currencies, and is increasingly dominated by intermediate goods and global value chains (GVCs). Taking these features into account, this paper reexamines the business cycle dynamics of international trade and its relationship with monetary policy and exchange rates. Full Article