Latest news with #Regulation
Cision Canada
a day ago
- Business
- Cision Canada
Equitable Bank completes successful issuance of €500 million of covered bonds to further funding diversification strategy
TORONTO, June 19, 2025 /CNW/ - Equitable Bank (the "Bank" or "Equitable"), Canada's Challenger Bank™, is pleased to announce that it has completed its latest offering of €500 million (CAD $789 million) of covered bonds (the "bonds"). The bonds were issued under the Bank's CAD $3.0 billion Global Legislative Covered Bond Programme (the "program") and represent Equitable's sixth covered bond issuance since the launch of the program in 2021. "We are pleased to see continued investor support for Equitable Bank's covered bond program. This program is a key part of our broader funding diversification strategy, enabling us to execute on our mission to drive change in Canadian banking to enrich people's lives," said Andrew Moor, president and CEO, Equitable Bank. The €500 million 2.375% coupon covered bonds were priced to yield 2.52% and will mature on September 28, 2028. The bonds are rated Aa1 by Moody's and AA+ with a positive outlook by Fitch. Inclusive of all costs, covered bonds are the most cost-effective wholesale funding available to the Bank. The issuance was completed with Barclays Bank, Commerzbank, DZ BANK, Erste Group Bank, Landesbank Baden-Württemberg, Scotiabank and TD Bank acting as joint lead managers. In the United Kingdom, this announcement is being distributed only to, and is directed only at, persons who: (A) (i) are "investment professionals" specified in Article 19(5) of the Financial Services and Markets Act (Financial Promotion) Order 2005 (the "Order") or (ii) high net worth entities falling within Article 49(2)(a) to (d) of the Order or (iii) are other persons to whom it may otherwise lawfully be communicated; and (B) are "qualified investors" within the meaning of Article 2(e) of Regulation (EU) 2017/1129 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018 (all such persons together being referred to as "Relevant Persons"). In the European Economic Area (the "EEA"), this announcement is addressed only to and directed only at, persons in member states who are "qualified investors" within the meaning of Article 2(e) of Regulation ((EU) 2017/1129 ("Qualified Investors"). This announcement must not be acted on or relied on (i) in the United Kingdom, by persons who are not Relevant Persons, and (ii) in any member state of the EEA, by persons who are not Qualified Investors. Any investment or investment activity to which this announcement relates is available only to: (i) in the United Kingdom, Relevant Persons; and (ii) in any member state of the EEA, Qualified Investors, and will be engaged in only with such persons. About Equitable Bank Equitable Bank has a clear mission to drive change in Canadian banking to enrich people's lives. As Canada's Challenger Bank™ and seventh largest bank by assets, it leverages technology to deliver exceptional personal and commercial banking experiences and services to over 742,000 customers and more than six million credit union members through its businesses. It is a wholly owned subsidiary of EQB Inc. (TSX: EQB), a leading digital financial services company with $134 billion in combined assets under management and administration (as at April 30, 2025). Through its digital EQ Bank platform ( its customers have named it one of the top banks in Canada on the Forbes World's Best Banks list since 2021. Investor contact: David Wilkes VP and Head of Finance [email protected] Media contact: Maggie Hall Director, PR & Communications [email protected]
The Journal
2 days ago
- Politics
- The Journal
Ireland faces top EU court over delay in removing terrorist and bomb-making content online
IRELAND IS BEING taken to the European Union's top court for failing to follow key rules on removing terrorist and bomb-making content from the internet. The European Commission announced today that it has referred Ireland, along with Bulgaria and Portugal, to the Court of Justice of the EU, as the government has not fully implemented the Terrorist Content Online (TCO) Regulation. The regulation requires countries to make sure terrorist content is taken down from websites and social media platforms (within one hour of being told to do so). The rules, which came into effect in June 2022, are meant to stop extremist groups from spreading propaganda, recruiting people, or encouraging attacks online. Under the regulation, terrorist content includes any material that promotes or glorifies terrorist acts, encourages others to join or support terrorist groups, gives instructions for making or using weapons or explosives, or threatens to carry out an attack. The regulation also covers content related to explosives precursors — substances and materials that can be used to make bombs and other explosive devices. TCO regulation is designed to ensure that this type of content is removed swiftly to limit its spread and potential harm. Advertisement According to the Commission, Ireland has not met several basic requirements under the regulation. These include appointing and notifying a competent authority to issue and enforce removal orders, setting up a public contact point to handle questions and complaints about those orders, and putting in place a system of penalties for companies that fail to comply. Delayed Irish response While the Commission said that the Irish government has made some progress, it added it came too late and still falls short of full compliance. It wasn't until September 2024 – over two years after the rules came into force – that Coimisiún na Meán was appointed to handle penalties on service providers for breaches of the TCO Regulation. At the same time, the government confirmed that An Garda Síochána would act as the authority responsible for issuing takedown orders for terrorist content. The Commission has criticised the delays, arguing that these steps should have been in place much earlier to ensure effective enforcement. It had already warned Ireland in January 2023 through a formal notice, followed by a legal opinion in February 2024. With those concerns still unresolved, the Commission has now referred the case to the Court of Justice. If the court finds that Ireland has failed to meet its legal obligations, it could face financial penalties. Readers like you are keeping these stories free for everyone... A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation. Learn More Support The Journal
North Wales Chronicle
2 days ago
- Sport
- North Wales Chronicle
Chelsea winger Mykhailo Mudryk charged by FA over anti-doping rule violation
The 24-year-old has not played since being handed a provisional suspension in December after he returned a positive test, reportedly for the banned substance meldonium. An FA statement said: 'We can confirm that Mykhailo Mudryk has been charged with anti-doping rule violations alleging the presence and/or use of a prohibited substance, in terms of regulations three and four of the FA's anti-doping regulations. 'As this is an ongoing case, we are not in a position to comment further at this time.' Mudryk could face a ban of up to four years under the FA's anti-doping regulations. Under Regulation 77, a four-year ban would result if the violation related to a non-specified substance, unless the player or his camp could establish that the violation was not intentional. Where the violation relates to a specified substance and the FA can establish the violation was intentional, a four-year ban would also apply. Specified substances are those considered more likely to have been consumed by an athlete for a purpose other than the enhancement of sports performance. A shorter ban could apply depending on other circumstances, such as whether it could be proved there was no intention to violate the regulations and whether the violation occurred in or out of competition. Chelsea have been approached for comment. Earlier this month Mudryk's number 10 shirt was given to Cole Palmer for next season, leaving the Ukraine international without a squad number at Stamford Bridge. In a statement issued at the time of his suspension, Mudryk said the positive sample had come as 'a complete shock' and he had 'not done anything wrong,' with Chelsea adding the player had 'never knowingly used any banned substances'. The result was returned shortly after he had been away on international duty with Ukraine in November, during which time the banned substance is reported to have been administered. Chelsea boss Enzo Maresca initially said the winger was unavailable through illness to explain a four-game period that he was absent from the team prior to the suspension being made public. Mudryk last played for the club in a 2-0 win away to Heidenheim in the Conference League on November 28. He was then an unused substitute for the 3-0 Premier League win against Aston Villa three days later. His last appearance in the league came on November 10 as a second-half substitute in a 1-1 draw at home to Arsenal. Mudryk's time at Stamford Bridge has been dogged by inconsistency on the pitch. Brief flourishes of talent have been interrupted by periods of limited impact while his finishing and delivery from wide have frustrated supporters since his £88million move from Shakhtar Donetsk in January 2023. He has scored just 10 goals in 73 appearances in all competitions and has rarely held down a regular place in the team. Under Maresca his chances have been even more limited with most of his games coming in the cup competitions and in Europe, with just a single Premier League start in August's 6-2 win over Wolves.
Irish Independent
2 days ago
- Politics
- Irish Independent
Ireland referred to EU court over failure to comply with online terrorism content law
The Terrorist Content Online (TCO) Regulation requires extremist material to be taken down by an EU Member state within one hour of receiving a removal order from a law enforcement agency. It was introduced in 2022 to counter the spread of extremist ideology online in order to prevent attacks and radicalisation. The European Commission today said it considers that Ireland, along with Bulgaria and Portugal, have failed to comply with one or more obligations under the TCO Regulation. 'This includes the requirement to designate the authority or authorities responsible for enforcing the Regulation and ensuring compliance, and to notify the Commission of those authorities; to establish a public contact point to handle requests for clarification and feedback in relation to removal orders; and to lay down the rules and measures on penalties in case of non-compliance of hosting service providers with their legal obligations,' it said in a statement. The EU Commission sent letters of formal notice to the three countries in January 2023 for failure to comply with the obligations, and sent 'reasoned opinions' early last year, outlining the alleged breaches and requesting that measures are taken to address these within a specified time. 'The Commission is now referring these Member States to the Court of Justice of the European Union, as it considers that they have not yet addressed all the concerns raised in the letter of formal notice and reasoned opinion and have still not complied with one or more obligations under the Regulation,' it added. The EU's infringement procedures state that most cases are settled before being referred to the court but, if Ireland fails to communicate measures that implement the provisions of a directive in time, the commission may ask the court to impose penalties. Last September the then Minister for Justice, Helen McEntee, designated Coimisiún na Meán as the competent Irish authority under the TCO Regulation to impose penalties on hosting service providers who do not comply with their obligations. Coimisiún na Meán were given the power to impose administrative fines on hosting service providers up to 4pc of global turnover, for infringements of the TCO Regulation. An Garda Síochána is the authority competent in Ireland for issuing removal orders. ADVERTISEMENT The EU Commission says that the TCO Regulation has been instrumental in countering the spread of terrorist online content, enabling the swift removal of the most heinous and dangerous material. 'Terrorist and violent extremists use online platforms to spread terrorist and harmful content, gather funds and recruit. Vulnerable users, particularly minors, are being radicalised online at an alarming rate,' it said. The regulation notes that the services of hosting service providers 'are in certain cases abused by third parties for the purpose of carrying out illegal activities online. Of particular concern is the misuse of those services by terrorist groups and their supporters to disseminate terrorist content online in order to spread their message, to radicalise and recruit followers, and to facilitate and direct terrorist activity.'
Leader Live
2 days ago
- Sport
- Leader Live
Chelsea winger Mykhailo Mudryk charged by FA over anti-doping rule violation
The 24-year-old has not played since being handed a provisional suspension in December after he returned a positive test, reportedly for the banned substance meldonium. An FA statement said: 'We can confirm that Mykhailo Mudryk has been charged with anti-doping rule violations alleging the presence and/or use of a prohibited substance, in terms of regulations three and four of the FA's anti-doping regulations. 'As this is an ongoing case, we are not in a position to comment further at this time.' Mudryk could face a ban of up to four years under the FA's anti-doping regulations. Under Regulation 77, a four-year ban would result if the violation related to a non-specified substance, unless the player or his camp could establish that the violation was not intentional. Where the violation relates to a specified substance and the FA can establish the violation was intentional, a four-year ban would also apply. Specified substances are those considered more likely to have been consumed by an athlete for a purpose other than the enhancement of sports performance. A shorter ban could apply depending on other circumstances, such as whether it could be proved there was no intention to violate the regulations and whether the violation occurred in or out of competition. Chelsea have been approached for comment. Earlier this month Mudryk's number 10 shirt was given to Cole Palmer for next season, leaving the Ukraine international without a squad number at Stamford Bridge. In a statement issued at the time of his suspension, Mudryk said the positive sample had come as 'a complete shock' and he had 'not done anything wrong,' with Chelsea adding the player had 'never knowingly used any banned substances'. The result was returned shortly after he had been away on international duty with Ukraine in November, during which time the banned substance is reported to have been administered. Chelsea boss Enzo Maresca initially said the winger was unavailable through illness to explain a four-game period that he was absent from the team prior to the suspension being made public. Mudryk last played for the club in a 2-0 win away to Heidenheim in the Conference League on November 28. He was then an unused substitute for the 3-0 Premier League win against Aston Villa three days later. His last appearance in the league came on November 10 as a second-half substitute in a 1-1 draw at home to Arsenal. Mudryk's time at Stamford Bridge has been dogged by inconsistency on the pitch. Brief flourishes of talent have been interrupted by periods of limited impact while his finishing and delivery from wide have frustrated supporters since his £88million move from Shakhtar Donetsk in January 2023. He has scored just 10 goals in 73 appearances in all competitions and has rarely held down a regular place in the team. Under Maresca his chances have been even more limited with most of his games coming in the cup competitions and in Europe, with just a single Premier League start in August's 6-2 win over Wolves.
