Stefan Ingves The head of the Basel Committee of global banking regulators says financial firms should be careful about approaching Bitcoin — even if most countries can't agree on how to regulate cryptocurrencies. Published on February 19, 2018 4:55 pm Stefan Ingves isn’t supposed to have his job. Since 2011 he has chaired a group of international regulators known as the Basel Committee that is charged with designing better rules for the global financial system in the wake of the 2008 crisis. His term technically ended in June, but since nobody else stepped forward, “I do what I do,” he told Handelsblatt. What he has done, is to finally corral a bunch of unruly regulators around the world into agreeing a new set of accords — referred to as Basel III by regulators and Basel IV by banks — that tighten capital requirements for financial institutions. While many countries still have complaints — Europeans complain it … [Read more...] about Basel Committee chief Stefan Ingves warns banks on Bitcoin
When cell phones were invented
Just don't ask the Co Down man if he thinks his mental game needs an overhaul in the wake of his latest Masters disappointment. The American mental coach Dr Gio Valiante meted out some tough love to the pride of Holywood after watching him shoot 74 in the final round at Augusta National to finish six strokes behind Patrick Reed. "That was five hours of choking," Valiante said bluntly, adding the mental block McIlroy admitted to in 2016 was now a block "with a capital B." "Who?" McIlroy said curtly when asked if he'd absorbed Valiante's, or anyone else's post-Masters analysis. "No, I switched my cell phone off for about five days and didn't look at anything, for obvious reasons. I don't know who Gio Valiante is." Was it his mental game? "No. Not necessarily. I just didn't hit the right shots at the right time. It's as simple as that." McIlroy was in Adare to talk about the 2020 JP McManus Pro-Am but the new Adare's uncanny similarities to Augusta National appeared to fuel the flow … [Read more...] about McIlroy dismisses ‘mental block’ theories following his final-round woe at Masters
In his office, Professor Jake Baum drinks his tea, strong with no milk, while talking about his frantic morning. His day, like any other, starts with rushing around the family home, ensuring everyone is prepared for the day ahead and running on time. Like many working fathers, along with his wife he shares the duties of dropping his children off at school before making his way into work. A casual bystander would be forgiven for not realising that Prof Baum is at the forefront of what could be an unprecedented breakthrough in eradicating malaria. His job, as the head of a laboratory group at Imperial College London, puts him at the heart of the battle to reach the global target of eradicating the malaria by the year 2040 and his team have just made a discovery which could ultimately halt the spread of the fatal disease. Read more How the ‘cat parasite’ could help find a treatment for malaria Spread of insecticide resistance could … [Read more...] about ‘Anti-malarial for mosquitoes’: The British scientist behind a major malaria breakthrough
A woman has been convicted of posing as a grief-stricken Grenfell Tower survivor to claim money, donations and hotel accommodation meant for real victims. Joyce Msokeri, 47, told authorities she had escaped the devastating west London fire last year and her husband had died – but she was actually single and living miles away at the time. Over the next few weeks, she filled a room at a Hilton hotel to bursting with donations made by well-wishers, and concocted an elaborate ploy to claim insurance on her fictitious partner’s death. She was found guilty following a trial at Southwark Crown Court of three counts of fraud against the Royal Borough of Kensington and Chelsea (RBKC), the Hilton and charities respectively, and a further charge of possessing a false document. Msokeri was not in court to hear the jury’s verdicts as she remains in hospital after being admitted on Monday for medical tests. Judge Michael Grieve QC declined to sentence her in her absence, … [Read more...] about Grenfell fraudster convicted of inventing fake husband to pocket compensation
FEELING a bit hot? That’s unusual for February in Scotland, so maybe you’re coming down with something. But before you reach for the paracetamol, consider the possibility that you’re already dead. Troubling new research suggests that you could actually be inside your coffin right now, dreaming you’re reading this while your body heads down the crematorium conveyor belt towards 800°C flames. Until recently, any sober-minded scientist would have mocked suggestions that we retain any hiss of consciousness in our brains following respiratory death. Yet, recent discoveries suggest that the end of life is not as clear cut as once thought – and “you” might actually stick around for a while to haunt the machine you once controlled, waiting for the snap to crackle out of your popping neurons. Historically, medical death has been defined as the heart’s final beat, which signals cellular breakdown in the body once blood ceases to circulate. … [Read more...] about Poll: Do you believe in life after death?