Uk Says Its Local Banking Rules Eased For All, Not Just Chinese

Carbon Trust awards certification to all Savvis UK data centres

The two people had phoned in the same name based on the sketches, Detective Chief Inspector Andy Redwood said during the BBC’s “Crimewatch” program, which aired an appeal Monday night for information about a man police want to track down. The man was seen carrying a child matching McCann’s description on the night she vanished in 2007 around the resort town of Praia da Luz in Portugal. Police hope for new leads in McCann case New evidence in McCann case The man is described as white, between 20 and 40 years old, with short brown hair and a medium build. He was seen carrying a blond child, who might have been in pajamas and who was estimated to be 3 to 4 years old, around the time Madeleine disappeared, police had said. The sketches are based on descriptions from separate witnesses, investigators said. Since the program aired, British police said they have received more than 300 phoned tips and 170 e-mailed ones. “We will now take the time to follow up these lines of enquiry,” Redwood said. Police target 38 ‘people of interest’ in Madeleine McCann’s ’07 disappearance The latest revelation is critical in reconstructing what exactly happened more than six years ago on the night of May 3, 2007,when McCann disappeared from her family’s villa while her parents dined at a nearby restaurant. The girl was just days shy of her fourth birthday. Computer-generated sketch Computer-generated sketch Computer-generated sketch Neither her parents nor the detectives investigating her case have given up on one day finding the little girl from Leicestershire, England. “There may be an entirely innocent explanation of this man, but we need to establish who he is to assist with our inquiries,” Redwood said earlier. Additionally, investigators believe they have a better understanding of when Madeleine may have been abducted, Redwood added.

But Andrew Bailey, head of the PRA said on Thursday that the new regime applied generally to banks from outside Europe, allowing them to open branches in London rather than more tightly supervised, ring-fenced subsidiaries, as long as they show that the bank can be wound up if it hits trouble. It marks a significant shift in policy, aimed at promoting free trade, and reverses the fragmentation of supervision seen since the financial crisis. “Earlier this week it was announced that the PRA will be prepared to see Chinese banks open branches here … it should be clear that this is not a special arrangement for China, rather it is part of a broader policy,” Bailey told a British Bankers’ Association conference on Thursday. Bailey said branches would only be allowed if the PRA had clear and credible assurances from the parents of banks and from their home regulator. “This is not a free for all,” he said. “Our stance is sensibly cautious, but not I think restrictive … And let me reiterate that it is a general policy, not a China policy, and it is consistent with promoting the benefits of an open world economy.” In the last five years Britain has required most overseas banks to set up their UK operations as subsidiaries rather than branches, thereby providing greater protection for depositors and taxpayers. Branches are treated as extensions of the overseas bank, leaving the British regulator with limited control over capital and liquidity. According to media reports Chinese banks have complained the rules made it hard to operate in Britain, prompting them to move much of their business to Luxembourg. But in announcing an easing of the rules Osborne was met with accusations that he was being softer on Chinese banks, and going against the trend of requiring tougher rules on capital adequacy and against money laundering. A senior UK lawmaker on Wednesday called on the PRA to show it had not been put under pressure by the government. Following Thursday’s clarification from the PRA several bankers welcomed the shift in policy as a boost for London’s financial industry. “I think it’s good,” said Jeremy Bennett, chief executive in Europe for Japanese bank Nomura. “We (Nomura) are a typical example of people who choose to base themselves in London because of all the intellectual capital.

UK companies raise ad budgets as confidence grows: survey

The IPA Bellwether report said a net balance of 12.3 percent of companies registered an increase in budgets in the third quarter, against 7.3 percent in the second quarter, the biggest upward-revision of spending since the survey began at the start of 2000. The numbers add to recent signs of improving business confidence in Britain and improved macro-economic data. They also chime with comments from the industry, with WPP (WPP.L), the world’s largest advertising agency, having in August slightly raised its 2013 forecast due to rising revenue. Britain’s economy grew by 0.8 percent the third quarter, helped by a rise in industrial output, the National Institute of Economic and Social Research said last week. “This latest Bellwether report indicates companies are beginning to move forward, away from recession and that the UK economy is on the rise again,” said IPA Director General Paul Bainsfair. “This optimism will send a continued upbeat message to the advertising industry and wider economy,” he added. The survey found companies were dedicating more of their marketing spend to the Internet, with a net balance of 11.7 percent choosing to boost their coverage online. Main media advertising also saw a second successive period of growth, its strongest rise since Q3 2010, however budgets for public relations, events and direct marketing all saw net reductions. The IPA Bellwether report was drawn up from a survey of 300 companies based in Britain. (Reporting by Li-mei Hoang; editing by David Evans) Tweet this

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“This recognition is testament to Savvis’ commitment to reduce the carbon footprint of our data centre portfolio,” said Mike Bennett , vice president, global data centre acquisition and expansion, Savvis. “Our finance, facilities and engineering teams worked closely with the Carbon Trust to verify the carbon footprint associated with every aspect of running Savvis’ data centres at each point in the supply chain. This is a prime example of facility management best practice supporting good corporate social responsibility.” The Carbon Trust is a world-leading certifier of organisational carbon-footprint reduction. Savvis is one of only a few service providers to achieve this standard across all of its UK facilities. “As the world increasingly moves online, the emissions from powering and cooling a growing number of data centres have been increasing as well,” said Darran Messem , managing director of certification at the Carbon Trust. “This is why it is significant that companies like Savvis take a robust approach to cutting carbon intensity from their operations. By achieving independent certification from the Carbon Trust, Savvis is setting a positive example to its customers, stakeholders and the rest of the industry.” Savvis achieved the certification as part of its long-term commitment to reducing carbon and associated energy costs within its data centres. Savvis’ UK operations team undertook a thorough review of procedures, facilities and finances to demonstrate the yearly measurement, management and reduction of carbon emissions. This review included site visits and a qualitative evaluation of carbon management practices. The Carbon Trust will reassess Savvis’ UK operations again within the next two years to ensure continued reductions. Earlier this year, Savvis’ LO3 London Docklands data centre received a silver Certified Energy Efficient Datacentre Award (CEEDA), making Savvis the seventh organisation in the world to demonstrate its leadership in sustainability and data centre energy efficiency by earning this honour from BCS, the Chartered Institute for IT. For more information about Savvis’ EMEA operations, visit www.savvis.co.uk .