CO-COS: THE BASICS

first_img Show Comments ▼ Share Monday 14 February 2011 9:51 pm whatsapp Q.What are “co-cos”?A.“Contingent convertible bonds”, are bonds that turn into equity at a given trigger-point, for example, if a bank’s capital ratio falls below regulatory requirements, or if an institution has to be taken over by the state. Q.Why are they suddenly so popular?A.Co-cos have not traditionally been popular because issuers must pay a premium to get investors to take on the risk that their bonds might turn into equity. But the Basel III capital rules impose stringent new requirements on banks for holding enough “loss-absorbing” capital. A release on 13 January clarified that co-cos can count towards this requirement, prompting more banks to consider issuing them to meet the rules.Q.Why do regulators like them?A.Regulators view them as a way to align bondholders’ incentives with regulators’. The aim is to encourage banks’ bondholders to keep an eye on risk-taking, rather than simply assuming they will be bailed out by the state if the bank fails. Owners of co-cos have every incentive to make sure that their bank’s capital ratio does not fall too low, or else their interest-paying bond will turn into non-interest-paying equity. Q.What about alternatives, like “bail-in” bonds?A.Bail-in bonds are similar to co-cos in that they can turn into equity, but the key difference is that the regulator decides when this conversion is triggered. This uncertainty could make them very difficult to price. CO-COS: THE BASICS whatsapp KCS-content Read This Next’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap4 ideal Zion Williamson trade scenarios from the New Orleans PelicansSportsnautRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapRick Leventhal to Exit Fox News Just as His Wife Kelly Leaves ‘RealThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap’In the Heights’ Underwhelms at Box Office With $11.4 Million DebutThe WrapJason Whitlock, Former ESPN and Fox Sports Reporter, Resurfaces at BlazeThe WrapFox News’ Mark Levin Says Capitol Riot Suspects ‘Would Be Treated Better’The Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap Tags: NULLlast_img read more

Malta Gaming Authority chief executive to step down

first_imgFarrugia was appointed to the role in April 2018, having initially joined the MGA in 2014 as its chief operations officer. Subscribe to the iGaming newsletter Prior to joining the MGA, Farrugia served in a number of managerial roles at the Vodafone Malta division of telco Vodafone, and also had a spell as customer value management manager for Vodafone Italy. 30th October 2020 | By Robert Fletcher Topics: Regulation Management Farrugia was also previously a member of the board at the Gaming Regulators European Forum. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter His contract had been due to expire earlier next year and has now been placed on gardening leave, with no administrative duties. In 2016, he moved into the position of chief regulatory officer, before replacing Joseph Cuschieri as CEO. However, the MGA told iGB that Farrugia informed its board of governors he will not renew his contract with the regulator, and will instead pursue other career opportunities.center_img In relation to this, the regulator is due to make its Suspicious Betting Reporting Mechanism (SBRM) available to all B2C-licensed operators from next month. The Malta Gaming Authority (MGA) has announced that Heathcliff Farrugia is to step down as its chief executive. Confirmation of Farrugia’s exit comes after the MGA this month announced details of a new requirement for Malta-licensed sportsbook operators, whereby they will need to report suspicious betting patterns to the regulator from January. Regions: Malta Management Tags: Malta Gaming Authority Malta Malta Gaming Authority chief executive to step down Email Addresslast_img read more

Who invented the Electoral College?

first_img A transcript from the Constitutional Convention records the official report creating the Electoral College. U.S. National Archives, CC BY-NC-ND Save my name, email, and website in this browser for the next time I comment. Please enter your name here The Anatomy of Fear LEAVE A REPLY Cancel reply TAGSCivicsEducationElectionsElectoral CollegehistoryOriginsPresidentThe Conversation Previous articleOrange Co. Clerk of Court hosts Operation Green Light to help residents get driver licenses reinstatedNext articleThe Economic and Environmental Implications of Florida’s Surging Population Growth Denise Connell RELATED ARTICLESMORE FROM AUTHOR By Phillip J VanFossen, J.F. Ackerman Professor of Social Studies Education; Director, Ackerman Center; Associate Director, Purdue Center for Economic Education, Purdue UniversityThe delegates in Philadelphia agreed, in the summer of 1787, that the new country they were creating would not have a king but rather an elected executive. But they did not agree on how to choose that president.Pennsylvania delegate James Wilson called the problem of picking a president “in truth, one of the most difficult of all we have to decide.” Other delegates, when they later recounted the group’s effort, said “this very subject embarrassed them more than any other – that various systems were proposed, discussed, and rejected.”They were at risk of concluding their meetings without finding a way to pick a leader. In fact, this was the very last thing written into the final draft. Had no agreement been reached, the delegates would not have approved the Constitution.I am a civics educator who has also run Purdue University’s Constitution Day celebration for 15 years, and one lesson I always return to is the degree to which the founders had to compromise in order to ensure ratification. Selecting the president was one of those compromises.Three approaches were debated during the Constitutional Convention: election by Congress, selection by state legislatures and a popular election – though the right to vote was generally restricted to white, landowning men.Delegates to the Constitutional Convention had to invent an entire new form of government. Howard Chandler Christy/Architect of the CapitolShould Congress pick the president?Some delegates at the Constitutional Convention thought that letting Congress pick the president would provide a buffer from what Thomas Jefferson referred to as the “well-meaning, but uninformed people” who, in a nation the size of the United States, “could have no knowledge of eminent characters and qualifications and the actual selection decision.”Others were concerned that this approach threatened the separation of powers created in the first three articles of the Constitution: Congress might choose a weak executive to prevent the president from wielding veto power, reducing the effectiveness of one of the system’s checks and balances. In addition, the president might feel indebted to Congress and yield some power back to the legislative branch.Virginia delegate James Madison was concerned that giving Congress the power to select the president “would render it the executor as well as the maker of laws; and then … tyrannical laws may be made that they may be executed in a tyrannical manner.”That view persuaded his fellow Virginian George Mason to reverse his previous support for congressional election of the president and to then conclude that he saw “making the Executive the mere creature of the Legislature as a violation of the fundamental principle of good Government.”These 11 men agreed on a compromise that created the Electoral College.The Conversation, from Wikimedia Commons, CC BY-NDLetting state lawmakers chooseSome delegates thought getting states directly involved in picking the leader of the national government was a good approach for the new federal system.But others, including Alexander Hamilton, worried that states would select a weak executive, to increase their own power. Hamilton also observed that legislators are often slower to move than top leaders might be expected to: “In the legislature, promptitude of decision is oftener an evil than a benefit.”It’s not as pithy as the musical, perhaps, but the point is clear: Don’t trust the state legislatures.Power to the people?The final approach debated was that of popular election. Some delegates, like New York delegate Gouverneur Morris, viewed the president as the “guardian of the people,” whom the public should elect directly.The Southern states objected, arguing that they would be disadvantaged in a popular election in proportion to their actual populations because of the large numbers of enslaved people in those states who could not vote. This was eventually resolved – in one of those many compromises – by counting each enslaved person as three-fifths of a free person for the purposes of representation.George Mason, a delegate from Virginia, shared Jefferson’s skepticism about regular Americans, saying it would be “unnatural to refer the choice of a proper character for chief Magistrate to the people, as it would, to refer a trial of colours to a blind man. The extent of the Country renders it impossible that the people can have the requisite capacity to judge of the respective pretensions of the Candidates.”The Journal of the Federal Convention records the formal proposal to create the Electoral College. U.S. National ArchivesThe Journal of the Federal Convention records the formal proposal to create the Electoral College. U.S. National Archives11 left to make the decisionThe delegates appointed a committee of 11 members – one from each state at the Constitutional Convention – to solve this and other knotty problems, which they called the “Grand Committee on Postponed Questions,” and charged with resolving “unfinished business, including how to elect the President.”At the beginning, six of the 11 members preferred national popular elections. But they realized they could not get the Constitution ratified with that provision: The Southern states simply would not agree to it.Between Aug. 31 and Sept. 4, 1787, the committee wrestled with producing an acceptable compromise. The committee’s third report to the Convention proposed the adoption of a system of electors, through which both the people and the states would help choose the president. It’s not clear which delegate came up with the idea, which was a partly national and partly federal solution, and which mirrored other structures in the Constitution.Popularity and protectionHamilton and the other founders were reassured that with this compromise system, neither public ignorance nor outside influence would affect the choice of a nation’s leader. They believed that the electors would ensure that only a qualified person became president. And they thought the Electoral College would serve as a check on a public who might be easily misled, especially by foreign governments.But the original system – in which the winner of the Electoral College would become president and the runner-up became vice president – fell apart almost immediately. By the election of 1800, political parties had arisen. Because electoral votes for president and vice president were not listed on separate ballots, Democratic-Republican running mates Thomas Jefferson and Aaron Burr tied in the Electoral College, sending the contest to the House of Representatives. The House ultimately chose Jefferson as the third president, leaving Burr as vice president – not John Adams, who had led the opposing Federalist party ticket.The problem was resolved in 1804 when the 12th Amendment was ratified, allowing the electors to cast separate ballots for president and vice president. It has been that way ever since.This article is republished from The Conversation under a Creative Commons license.center_img You have entered an incorrect email address! Please enter your email address here Support conservation and fish with NEW Florida specialty license plate Please enter your comment! Share on Facebook Tweet on Twitter Free webinar for job seekers on best interview answers, hosted by Goodwill June 11 last_img read more

How to target the mass affluents

first_img AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 16 July 2002 | News Read Targeting the ‘mass affluents’ by Nicola Hill at SocietyGuardian. How to target the mass affluents Delegates at the Institute of Fundraising’s Convention heard how to target the “mass affluents” who earn more than £50,000.Six per cent of the UK’s population can be described as the “mass affluent” because their earn £50,000 or more a year. Delegates at the Institute of Fundraising’s Annual Convention learned a little more about these valuable potential donors from Billy Nelson, a researcher at the Future Foundation.The Future Foundation’s research has found that many of these wealthy people do not regard themselves as wealthy. So the style of fundraising approach is critical. For example, suggesting that they donate shares is unlikely to excite their interest, at least according to the Future Foundation’s analysis of their typical lifestyle. Advertisement  15 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.last_img read more

Federal Reserve Reports Economic Conditions

first_img The Best Markets For Residential Property Investors 2 days ago Related Articles Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Seth Welborn September 4, 2019 1,173 Views Tagged with: Economy Federal Reserve market real estate Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Government, Market Studies, Newscenter_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post Previous: How to Improve the NFIP Next: Detroit Housing’s Ups and Downs The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Economy Federal Reserve market real estate 2019-09-04 Seth Welborn Economic activity increased in the U.S., according to the latest “Beige Book” from the Federal Reserve. The Beige Book is a Federal Reserve System publication about current economic conditions across the 12 Federal Reserve Districts. The Book is published eight times per year, and summarizes key economic conditions by each of the Fed districts. An important factor in economic conditions currently is the risk of a recession. The risk of a recession is on everyone’s mind, both in the U.S. and around the world. Realtor.com notes that Germany is already teetering on the brink of recession and the U.K. is facing unrest related to “Brexit”, while in the U.S., a rapidly escalating trade war with China is increasing fears. However, despite these risks, real estate should be safe, unlike in 2008.Eight of the 12 Federal Reserve Districts reported modest to moderate growth. The majority of Districts indicated that manufacturing expanded, but that growth had slowed, particularly in the auto and energy sectors. New home construction and existing home sales were little changed, with several Districts reporting that sales were limited by rising prices and low inventory. Commercial real estate activity was also little changed on balance. Most Districts reported modest to moderate growth in activity in the nonfinancial services sector, though a few Districts noted that growth there had slowed. According to the Book, residential real estate markets saw ongoing price increases and mixed sales results; contacts in a couple of markets cited greater “balance” as local shortages of housing inventory eased somewhat. While retailers (including an auto dealer) and manufacturers said sizable tariff increases would pose significant problems if they occurred and many respondents cited uncertainty, outlooks remained mostly positive. Closed single-family sales were up year-over-year from November 2017 to November 2018 in Rhode Island, Boston, and Maine, and down in Massachusetts and New Hampshire. Residential markets in Rhode Island and Boston became more balanced in recent months, with growing supplies of homes for sale and moderation in the pace of home price appreciation. Despite a seller’s market environment, contacts said real estate was a preferred investment choice, given the volatile U.S. stock market. Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Federal Reserve Reports Economic Conditions Data Provider Black Knight to Acquire Top of Mind 2 days ago Federal Reserve Reports Economic Conditions Subscribelast_img read more

Police appeal after woman’s bag is snatched in Derry

first_img 365 additional cases of Covid-19 in Republic Pinterest Main Evening News, Sport and Obituaries Tuesday May 25th Further drop in people receiving PUP in Donegal Twitter Google+ WhatsApp WhatsApp Man arrested on suspicion of drugs and criminal property offences in Derry Facebook Twitter Google+center_img Facebook Gardai continue to investigate Kilmacrennan fire RELATED ARTICLESMORE FROM AUTHOR News By News Highland – October 30, 2015 Pinterest Police appeal after woman’s bag is snatched in Derry A purse has been snatched from a woman in the Waterside area of Derry.The woman was walking at Nelson Drive at about 11.30am on Thursday (29th) when a male on a black BMX approached from behind and snatched her handbag.The cream shoulder bag contained money and a mobile phone.The thief was last seen making off towards Maggie’s Lane.Anyone who saw the incident occur is asked to contact police. Previous articleDonegal motorists urges to keep an eye out for Trick or TreatersNext articleMcIlroy four shots off the lead in Turkish Open News Highland 75 positive cases of Covid confirmed in North last_img read more

Need Safeguards For Members Of Internal Complaint Committees; PIL Before Bombay HC Seeks Changes To The POSH Act

first_imgNews UpdatesNeed Safeguards For Members Of Internal Complaint Committees; PIL Before Bombay HC Seeks Changes To The POSH Act Nitish Kashyap4 Jan 2021 8:00 AMShare This – xA public interest litigation has been filed before the Bombay High Court by lawyer Abha Singh and Janaki Chaudhary, a social worker seeking changes to the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.Petitioners contend that they have encountered ‘various deficiencies’ in functioning of the said act which defeat its stated objectives. The Act…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginA public interest litigation has been filed before the Bombay High Court by lawyer Abha Singh and Janaki Chaudhary, a social worker seeking changes to the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.Petitioners contend that they have encountered ‘various deficiencies’ in functioning of the said act which defeat its stated objectives. The Act was passed with the intention to “provide protection against sexual harassment of women at workplace and for the prevention and redressal of complaints of sexual harassment and for matters connected therewith”.The said Act defines the offence of the sexual harassment in broad terms and provides for the mandatory constitution of Internal Complaints Committees by Companies and Local Complaints Committees by the State. These Committees are bestowed with the power of civil courts, and are under obligation under the law to conduct a free and fair inquiry into the alleged incident and give an impartial recommendation to the employer.However, the petitioners argue that -“Members of such committees, who are akin to judges have not been provided with any safeguards, which will enable them to act without fear and favour. Thus, an anomalous situation has arisen where ICC members have been conferred quasi-judicial powers without the requisite independence and safeguards. This creates a highly unjust and iniquitous situation for ICC members as well as the parties to the case. This acts as a barrier to holistically address the issue of sexual harassment”.Moreover, the petitioners further submit that the Members of the Internal Complaints Committees (ICC) are tasked with the statutory duty of adjudicating sexual harassment complaints while being on the payroll of the company and can be terminated with 3 months pay as there is no legal obligation on the private sector to follow the principles of natural justice. “This creates a serious conflict of interest and constrains ICC members from taking free, fair and impartial decisions. Further, if they take a decision that goes against the will of the senior management, they are susceptible to victimisation and targeting”, the petition states.According to the petitioners, such issues act as barriers in addressing the serious issue of sexual harassment and are antithetical to the orders of the Supreme Court in Vishaka vs. State of Rajasthan.Petitioners have pointed out how the Justice Verma Committee Report of 2013 also critiqued the Bill on similar grounds while recommending the setting up of an Employment Tribunal. The said report states-“It is our apprehension that the in-house dealing of all grievances would dissuade women from filing complaints and may promote a culture of suppression of legitimate complaints in order to avoid the concerned establishment falling into disrepute. Consequently the setting up of a Tribunal as proposed herein would obviate the need for both the Internal Complaints Committee as well as the Local Complaints Committee as envisaged under the present Sexual Harassment Bill.”Finally, the PIL states-“Thus, the present law as it stands leaves room for arm twisting of ICC members by the senior management of the company in the form of arbitrary transfers, termination, victimisation in unrelated areas of work etc. This risk of this form of retribution is more likely in cases where the respondent is a senior official with considerable influence in the Company. This conflict of interest, where the ICC members are on the payroll of the company and may have to take decisions against their seniors, creates a precarious situation for ICC Members as well as for women members at the workplace.”Thus, petitioners have prayed for the High Court to declare that the service conditions of ICC members are protected by the principles of natural justice and pass guidelines. Also, petitioners have sought guidelines to be framed by the High Court in order to ensure safeguards for POSH officers. Click Here To Download Petition[Read Petition]Next Storylast_img read more

Somerville students raise over £30 000 to support George Floyd protesters

first_imgThe fundraiser initially aimed to raise £2,000 to help “mitigate the harmful and deathly impacts of the criminal justice system against black people and those that stand up to oppressive structures.” “Statements on social media are animportant thing for black people to see because for so long many have felt thatissues of racism are often ignored, but we felt that there is more tosolidarity than words alone. “It is amazing to see how much has beenraised and the support from students all over the UK and the World, but this isby no means the end. We hope that people don’t just donate to this fundraiserand move on, but rather take it as a step to becoming actively anti-racist.Black people don’t get to forget about things and move on because the systemicand structural nature of racism and white supremacy permeates every aspect oftheir lives.” The fundraiser page explains: “The American criminal justice system disproportionately affects black people in America, as institutional racism often puts them in closer proximity to poverty. Some cannot afford bail, or private attorneys. They are placed in jails before their trials where they face the risk of death every day. Given the COVID-19 situation, and the difficulty of social distancing in jails, protesters being jailed could be even more life-threatening than it usually is. (See the stories of Kalief Browder and Sandra Bland).” The Fundraising Team told Cherwell:“What we witnessed in the wake of George Floyd’s murder and the publicity ofthe #BlackLivesMatter movement were many public declarations of solidarityusing social media. We are firm believers that activism requires action andwanted to create a means for people to do that; this was the main motivationfor creating the fundraiser. “The ten-minute-long video of GeorgeFloyd’s murder was proliferated on many social media websites; he could beheard clearly shouting that he couldn’t breathe. This followed the racistshooting of Ahmaud Arbery, murder of Breonna Taylor by police and the attemptby Amy Cooper to call the police on Christian Cooper; she told him she wouldcall the police and tell them that an African American man was threatening herlife. For many the sequence of events was pertinent; Christian Cooper’sencounter could have been fatal, George Floyd’s encounter was fatal.” “We worked together to write thedescription for the fundraiser and spoke to the Minnesota Freedom Fund to findout if they were happy for us to use Facebook. They pointed us in the directionof other charities they were working with (Black Visions Collective, Reclaimthe Block, Legal Rights Center), as they had been inundated with funds. After abrief Twitter search we found out that the National Lawyers Guild were beingsuggested as the main point of contact for protestors and we decided to go withthis charity. It raised over £1,000 in less than an hour and raised over £10,000 in less than 24 hours. It is still rapidly growing at over £30,000. The team plans to encourage donations to the fundraiser for two weeks. center_img “Danielle first approached Nadia, Ibti,and Cara with the idea of putting forward one of these charities to our JCRbecause there was an opportunity for an extra-ordinary charity ballot. Afterasking around and making some enquires it was clear that the bureaucracyinvolved would stop charities getting the funds in a timely fashion; it wasthen we moved to the idea of a fundraiser. Emma then heard that we werethinking about putting forward a charity motion and offered her help. A Facebook fundraising page started by Somerville students to provide legal support to protesters in the USA has raised over £30,000 since Saturday. “We did not expect the fundraiser to gainso much traction and even began with the meagre goal of £2000, but afterraising over half the amount in one hour we began steadily upping our goal. Wecan only thank the Oxford Black community and everyone else who shared thefundraiser. Read Melanie Onovo, Imogen Taylor, and Nigel Yau’s Silence is complicit, but so is inaction: Why JCRs and British institutions must act now here. Read Reem Sultan’s The Open Casket of George Floyd here. Read Ti Balanta’s Anti-blackness: a performative business here. The donations go to the National Laws Guild Inc, a non-profit in the US which provides legal support to advance human and civil rights. They are working with other charities including the Minnesota Freedom Fund to provide essential support to those protesting after the killing of George Floyd by a police officer in Minneapolis last week. Image credit to Leonhard Lenz / Wikimedia Commons.last_img read more

Indiana among worst states in the nation for gender pay gap

first_img Pinterest IndianaLocalMichiganNationalNewsSouth Bend Market Twitter WhatsApp Indiana among worst states in the nation for gender pay gap Facebook Google+ Pinterest (“The Fall of Madoff” by frankieleon, CC BY 2.0) Indiana has the 44th worst gender pay gap in the country, according to a new study.The Northwest indiana Times reports that for every dollar a man earns in the Hoosier state, a woman makes just 75 cents, which is below the national average and near the bottom of the country. Those statistics are from a study by business.org that crunched federal American Community Survey data.The study found the median earnings of male workers in Indiana over the age of 16 was $50,774 while the median income of female workers over 16 was $38,031 in 2018, the most recent year for which data was available. Women earned on average only 74.9% of what men did.Over the past decade, the gender pay gap in Indiana has, however, improved by 3.1%, according to business.org, an online resource for small and mid-sized businesses. Michigan finished 34th out of 50 states and the District of Columbia, with women earning 78.7% as much as men, on average.The state that finished best in the survey, California, has female workers over the age of 16 earning on average 88.1% as much as men in 2018. Louisiana finished worst, with women earning on average only 69.5% as much as their male coworkers.Nationwide, the average for women was 80.1%. The study does suggest that this does represent a slight improvement over the last decade, with the exception of a widening of the gap in 2016. Previous articleWoman pronounced dead after shooting at Phillips 66 in downtown South BendNext articleTravel ban to extend to United Kingdom, Ireland Tommie Lee Twitter Google+ By Tommie Lee – March 14, 2020 0 267 WhatsApp Facebooklast_img read more

Press release: UK co-sponsors a UN resolution to commemorate victims of acts of violence based on religion or belief

first_imgFreedom of Religion or Belief (FoRB) intersects with many other human rights. Where FoRB is under attack, other human rights are often threatened too.The UK remains deeply concerned about violations of Freedom of Religion or Belief in many parts of the world. This year alone, we have seen a staggering number of attacks on places of worship: from the Philippines to Burkina Faso; New Zealand to Sri Lanka. All faiths and beliefs are vulnerable, and there is an urgent need to strengthen efforts to protect and promote the right to FoRB for all individuals.The Resolution, tabled by Poland, marks an important step taken by the international community to defend the right to FoRB, and shows solidarity with victims of violence who are targeted because of their faith or belief.The Resolution raises awareness within the international community of the scale of violence motivated by intolerance, and it promotes inter-religious and intercultural dialogue. It also encourages States to provide support and assistance to victims and their families.The Prime Minister’s Special Envoy for Freedom of Religion or Belief, Lord (Tariq) Ahmad of Wimbledon, said: I welcome the adoption of the Resolution tabled by Poland. Violence and discrimination based on religion or belief blight the lives of millions of people around the world. Protecting the right of people to practise their faith, or to have no faith at all, is an ongoing battle. No country is immune from intolerance. I am proud that the UK co-sponsored this important resolution and call on all states to maintain momentum on combating intolerance and discrimination based on religion or belief. Follow Foreign Office Minister Lord Ahmad of Wimbledon @tariqahmadbt Email [email protected] Media enquiries Further information For journalists Follow the Foreign Office on Twitter @foreignoffice and Facebook Follow the Foreign Office on Instagram, YouTube and LinkedInlast_img read more