Among the 217 competitors in soloists and 12 quartets, the Jura Music Federation (FJM) was represented by three soloists and two quartets in the National Competition for soloists and quartets of brass instruments. The 2022 edition took place last weekend in Kriens (LU).
Robin Marquis, musician with the Concordia Brass Ensemble in Mervelier and the Jura Brass Ensemble, took the 3e place in the Swiss championship for junior soloists (cornet). He also climbed on the same step of the podium during the final of the junior soloists, all instruments combined. During the Swiss final for soloists, all categories combined, the young man once once more took bronze, thanks to a magnificent performance which earned him 97 points (out of 100).
Among the quartets, the Jura residents of…
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April 11, 2022
Bolloré Transport & Logistics Benin completes the transport of six electrical transformers under the Compact II program
written by Alexandra Hartman Editor-in-Chief
The structure of banking and financial intermediation has changed profoundly in recent years, to adapt to the transformations resulting from the deregulation and liberalization of the industry.
The financial crisis, particularly that of 2008, marked a strengthening of ex-post international financial regulations, which were more restrictive and led to the development of “shadow banking” or “shadow banking” activity.
Indeed, in the grip of increasing prudential constraints, the bank no longer appears as the privileged interlocutor in the mobilization of savings and the financing of the private sector.
This qualitative evolution of intermediation leads to an erosion of banking monopolies and financial markets in the mobilization of resources or even savings and financing of the private sector thanks to a diversification of banking and financial products and services, sometimes even under the impetus of the banks.
This has resulted in new forms of intermediation, with the emergence of new actors, particularly non-banking ones, whose organizational and operating model, different from that of the banks, transforms the classic pattern of banking intermediation and financial.
These new entrants rely considerably on new technologies to offer alternative solutions enabling the traditional banking sectors to better manage their exposures, in particular to credit risks, and to diversify them in particular by resorting to the outsourcing of these risks, henceforth borne by dedicated structures on the financial markets, in particular through securitization.
The economic model of these new entrants, fundamentally rooted in technology, the Internet and mobile telephony, has enabled a diversification of the channels for the supply and distribution of banking and financial products and services as well as the sources of financing and investment, through crowdfunding platforms, the issuance of digital assets, cryptocurrency has become a reality under the control of certain jurisdictions in which embryonic legislation has been adopted to also promote this method of financing start-ups.
These developments in the industry are being closely observed by banking and regional financial market regulators who, through several initiatives, associate most of the players concerned with forward-looking reflections, in particular bodies, public administrations, banks, Intermediation Management (SGI), Microfinance institutions, Insurance, telecommunications, service providers, fintech, etc.
Moreover, the COVID-19 pandemic has also given new impetus to the depersonalization of customer relations with the growing development of “online banking” and the “online stock market”, as well as remote transactions. .
It should be noted that within the WAMU, the banking regulatory field has greatly expanded with the adoption of new directives and instructions by the Central Bank. (Instruction No. 008-05-2015 on the Issuance of Electronic Money, Instruction No. 15-12/2010/RB of December 13, 2010 setting the conditions for exercising the activities of intermediaries in banking transactions in the WAMU, etc.).
As part of the developments, the General Regulations of the Regional Financial Market under the aegis of the Regional Council for Public Savings and Financial Markets (CREPMF), which offers instruments for mobilizing savings for the financing of the private sector, opens now a gateway to banks that can exercise trades that were usually reserved for professionals in the financial market.
Under the effect of the raising of prudential constraints as well as the penetration of new technologies, the philosophy and physiognomy of financial intermediation raise a fundamental question:
“Is the banking industry of WAEMU member countries or even Africa sufficiently robust to embrace the structural changes underway and absorb the qualitative impact of digital in the diversification of channels for the supply of products and services? financial? »
Fintechs having become essential players, it is appropriate to question the structural, organizational and functional models of the new players and to situate their competitive advantages in relation to banks and financial market players.
The protection of consumers of financial products and services is also a crucial issue in the foundation of investor and consumer confidence.
Overall, it is worth focusing on the adequacy of our regulatory environment to these changes in traditional patterns of intermediation with the development of the blockchain, cryptocurrencies, artificial intelligence, Big data, etc.
Therefore, it is a question of tracing the evolution of banking and financial intermediation in the member countries of the WAMU and of discussing its impact on the dynamics of financial inclusion as well as its real added value in the regional private sector financing.
Discussions might focus on:
- how to make effective the protective mechanism and the guarantees recognized for consumers of banking and financial products in the WAEMU area?
- what mechanism should be put in place to ensure the payment of investors in the event of delay in the repayment of the loan and/or in the event of losses?
- the contribution of technologies and innovations in the dynamics of the offer of banking and financial services?
- the impact of intermediation on the distribution of banking and financial products and services as well as on economic growth?
GOALS
The Forum is a platform for dialogue and consultation with the various regulatory authorities of the banking, financial, insurance and more particularly telecommunications sectors as well as all the players in the said sectors (Administrations, banks, management and intermediation companies, Financial and payment institutions, Microfinance institutions, solution and technology providers, service providers, Fintech, organizations, private sector, etc.)
The Forum aims to discuss the impact of banking/financial intermediation activities and the provision of technological services and payments in the dynamics of financial inclusion and the financing of the regional private sector.
It will make it possible to anticipate structural and functional changes in the industry as well as developments, internationally, to define the model of financial intermediation adapted to the structure of our economies in order to supervise and promote new forms of financial intermediation backed by FinTechs while preserving regional financial stability.
Finally, it will be the place to discuss the conventional, legal and regulatory system for the protection of consumers of financial products and services, and to determine the relevant guidelines for strengthening it.
Oldpee and Green Montana come together for a soaring night ride in their title Moneytime.
“Rekindle a terrible thing”
Launched in a solo career since 2020, Oldpeegroup member 13 Blockis determined to forge his own identity and continue his ascent individually from his quartet, through his own pieces. After sending 5 first titles of his series BINBINKS, including a featuring with Hornet la Frappe and DA Uzi, the rapper from Sevran has just unveiled the sequel, in collaboration with Green Montana, accompanied by its clip.
Indeed, it is on Moneytime that the connection between the two rappers might be created. A connection that hypes fans and becomes obvious to the ear. And for good reason, the atmosphere fits perfectly in the vein of the sounds of the two artists. mingling flow planant and hard-hitting Has punchlines incisives gently placed, Oldpee and Green Montana sign a timeless sound.
The clip, directed by Louis Rossi and Oldpee immerses us in the universe of the two artists who invite us to follow them during a Parisian night stroll.
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‘Fly’ at night, no sound heard; Russia’s parachute bomb in Ukraine | Bomb News
written by Alexandra Hartman Editor-in-Chief
Kyiv: Russia’s troops have withdrawn from the capital, Kiev, and are concentrating on eastern Ukraine, the British Defense Ministry said on Monday. The ministry said the heavy retaliation by Ukraine had caused extensive damage to Russian tanks, vehicles and military equipment.
Ukraine’s President Volodymyr Selensky has accused Russia of preparing thousands of troops to send troops to eastern Ukraine. Selensky warned that the bloodshed would continue unless Russia was forced to stop the attack.
Meanwhile, Ukraine’s security analyst Maria Avdeva has revealed that Russia is using more dangerous new types of bombs for attacks. ‘They are now using new types of bombs for attacks. The bombs were dropped with the help of parachutes at midnight. So no one can hear the sound of the bomb falling. This is very dangerous, “said Avdeva. The Harkiv City Council also reported that the Russian military was using parachute bombs, citing Harkiv Mayor Ihor Terekhov.
“For the past month and a half, the Russian military has been bombarding Harkiv. For the past two days, a new type of bomb has been found along with mines, shells and the Grad system. The Russian military is now raining down more dangerous parachute bombs. He was warned not to go near such bombs. If you notice such items, call 101 and 102, ” the mayor said. The mayor also asked to move to the bomb shelters at night.
Meanwhile, Selensky called on European countries to tighten sanctions once morest Russia, which has been invading Ukraine and sowing misery. He called on European countries to stop importing all energy products from Russia and to provide Ukraine with more weapons and financial assistance for defense. Despite the European Union halting coal imports from Russia, oil and natural gas imports continue. Ukraine has completely banned imports from Russia.
The US company Maxer has released a satellite image of a Russian military convoy moving towards the Donbass in southern Ukraine. The influx of refugees from the city of Kramatorsk in the Donetsk region continues. The UN estimates that 45 million people have fled Ukraine since February 24, when Russia began its occupation. Various countries, including Canada and the European Union, have pledged 910 billion euros to Ukraine to help refugees.
English Summary: Zelensky Pushes For More Sanctions Against Russia