Industry First — Dell EMC Showcases End-to-End NVMe and Storage Class Memory on PowerMax at VMworld Barcelona

first_imgI’m excited to share that this week at VMworld Europe, Dell EMC is previewing our latest PowerMax technology combined with another industry leader, VMware. This first of its kind technology preview continues to demonstrate Dell EMC’s commitment to storage innovation for virtual environments and the tight collaboration between Dell EMC and VMware. Our proven track record of providing next-generation technology helps our customers tackle their most demanding and mission-critical applications of today and tomorrow.The entire engineering team and I are proud that our customers have made Dell EMC PowerMax the de facto standard for applications that require unmatched resiliency, uncompromising data services, and extreme levels of performance. Combined with the efficiencies and automation of PowerMax, IT organizations can modernize their infrastructure to drive massive workload consolidation, shrink hardware footprint, and reduce power consumption. All of which delivers more value to their business while lowering costs and reducing complexity.Today we are excited to demonstrate how PowerMax can achieve game changing storage performance across virtualized environments. The demo showcases industry first technology and how Dell EMC will help users transition from today to tomorrow while protecting their current storage investments.The technology of that tomorrow is NVMe and Storage Class Memory (SCM). SCM is cutting-edge storage media considered to be the next generation workhorse (at well below 100 microseconds latency!). It’s perfect for current and emerging performance hungry workloads. Use cases include supporting real-time and data-intensive analytics applications, as well as super-charging transactional OLTP and database workloads.Today we are demonstrating the industry’s first storage array to fully exploit NVMe-connected SCM drives combined with end-to-end FC-NVMe networks. The result is a future proof combination that will completely shift the technology landscape. Storage decision makers are bullish about NVMe—79% of IT managers surveyed by ESG who were familiar with NVMe technology said they expect it to eventually replace traditional SAS- or SATA-connected solid-state flash storage.1And here’s why the combination of NVMe networks with SCM drives are a game changer.NVMe over Fabric does lots of cool things to take full advantage of Flash Arrays. It’s designed for extensive parallelism, concurrency and scalability to unlock the power of today’s multi-core CPUs and high-speed media. It provides end-to-end I/O optimizations, massive que depths, and lower latencies from the NVMe host bus adapters (HBAs) to PowerMax NVMe drives. It all adds to delivering more users to more application transactions with lower response times. And because we can leverage SAN networks, we can help protect your infrastructure investments.Storage Class Memory represents the future of low latency persistent storage media. The performance of SCM is measured in tens of microseconds. It’s wicked fast and approaches the performance levels of DRAM, but at a lower cost and higher density compared to DRAM. The benefit to users is the ability to provide “in memory” like performance with consistent, predictable I/O latencies.The ability to leverage the benefits of NVMe and SCM requires the right storage architecture. PowerMax is the world’s only Flash Array that includes an innovative, proven real-time machine learning engine that provides intelligent data placement. This intelligence optimizes NVMe and SCM performance without introducing management overhead. PowerMax allows users to transparently leverage both SCM technology for their highest priority, lowest latency workloads combined with cost efficient NVMe flash drives for their less active data sets. This differentiating capability is essential to helping IT organizations increase application performance, reduce storage costs, and minimize management complexity.In this unprecedented demo with PowerMax that you’ll find at Dell EMC Booth D401, VM datastores reside on that ultra-low latency SCM drive technology and showcases how VMware recognizes PowerMax storage presented over traditional FC versus FC-NVMe, and how a VM can be moved between two datastores created on two different transport technologies, while on the same overall fabric. The ability to simultaneously run I/O over both FC and FC-NVMe on PowerMax is key to helping customers easily transition existing IT infrastructure to more powerful FC-NVMe networks.Our close friends at VMware believe this demo is pretty special, too. “The Dell EMC PowerMax platform is ideally suited for large-scale, performance-driven VMware environments that will benefit most from the combination of storage class memory and FC-NVMe”, said Lee Caswell, Vice President Products, Storage and Availability Business Unit, VMware.  “We are seeing an insatiable appetite for performance from high-end storage customers who value the deep integration VMware offers for Dell EMC PowerMax storage innovation.”For everyone who likes to know the nuts and bolts, the PowerMax demo uses the following hardware and software:Dell EMC PowerMax 2000PowerMaxOS and Unisphere for PowerMax pre-GA builds32Gb FC I/O modules running NVMe over Fabric pre-GA build32Gb FC I/O modules running Fibre Channel pre-GA build750GB NVMe Storage Class Memory Drives pre-GA build8TB NVMe Flash DrivesVMware vSphere ESXi and vCenter pre-GA builds** VMware does not promise any such functionality in its future release of vSphereBoth NVMe over Fabric and SCM online upgrades are planned to be available to PowerMax customers in 2019.For more information, visit and watch this space: Source: ESG Master Survey Results, 2017 General Storage Trends, November 2017.last_img read more

Tim Minchin Says His Musical Version of Groundhog Day Will Have ‘Cool Tunes and Lots of Gags’

first_img View Comments Minchin added that the idea of a Groundhog Day musical is not new: Stephen Sondheim was reportedly working on a stage version of the movie “five or ten years ago”. “It got put on the backburner and he [Sondheim] is happy that we’re making a go of it,” he wrote. “We have Steve’s blessing—and it’s a blessing I value enormously.” Minchin revealed that they’re aiming for a summer workshop of the new musical and hope to have it ready for the stage in a couple of years. He mustn’t keep his audience waiting! Tony nominee Tim Minchin, the Australian musician and comedian who wrote the score for the stage version of Matilda, confirmed on his blog that he’s ready to do the same thing with the 1993 cult classic film Groundhog Day. As previously reported, Minchin will be collaborating with the movie’s original scriptwriter Danny Rubin and Matilda director Matthew Warchus. Groundhog Day follows TV weather man Phil (played by Bill Murray in the film), who reluctantly goes to cover the story of Punxsutawney Phil for the third year in a row. Making no effort to hide his frustration, he covers the story and moves on, expecting his job to be finished. However, he awakes the “following” day and discovers that it’s Groundhog Day again, and the fun happens again and again and again. He soon realizes he must take advantage of it in order to secure the love of a coworker. “Our version of Groundhog Day is going to be both instantly recognizable, and utterly different,” Minchin blogged. “The central conceit is perfectly suited to the theater, in my opinion. In fact, I think many of its ideas could be enhanced by the stage. It has the potential to be complex, dark, visually fascinating, and thematically rich, whilst still being a joyous romantic comedy with cool tunes and lots of gags.”last_img read more

Inspirational Teachers Eligible for New Annual Tony Award

first_imgThere’s a great teacher behind every great artist! As you can see in the video below, Idina Menzel, Kristin Chenoweth, Neil Patrick Harris and so many more big stars have thanked their teachers in their Tony acceptance speeches, and now inspirational theater educators have a chance to win their very own Tony! The Tony Awards and Carnegie Mellon University (CMU) have announced that nominations are now open for the inaugural “Excellence in Theatre Education Award.” Now through March 31, nominations are being accepted online for K-12 theater educators. Anyone—from students and school administrators, to friends, neighbors and family—can submit a worthy teacher for consideration. Nominees must be current teachers at an accredited K-12 institution or recognized community theatre organization anywhere in the United States. He or she must be a teacher whose position is dedicated to and/or includes aspects of theater education. A panel of judges comprised of the American Theatre Wing, The Broadway League, Carnegie Mellon University and other leaders from the theater industry will select the finalists and winner. “This new award underscores our longstanding commitment to theater education,” said Heather Hitchens, President of the American Theatre Wing, and Charlotte St. Martin, Executive Director of The Broadway League. “Innumerable Tony Award winners have thanked their teachers during acceptance speeches. Starting this year, we’re putting educators and their essential roles at center stage.”center_img View Commentslast_img read more

Winter Guide Giveaway

first_imgName: Preferred Resort*: —Bryce ResortOmni HomesteadSnowshoeWintergreenWinterplaceMassanuttenSeven SpringsEmail*: Phone Number: Address*: City*: State*: ALAKAZARCACOCTDCDEFLGAHIIDILINIAKSKYLAMEMDMAMIMNMSMOMTNENVNHNJNMNYNCNDOHOKORPARISCSDTNTXUTVTVAWAWVWIWYZip Code*: I certify that I am over the age of 18.WIN ONE MORE ENTRY IN THIS CONTEST! I would like to receive updates from BRO, and prize partners straight to my inbox!* denotes required field Rules and Restrictions may apply per resort.Rules and Regulations: Package must be redeemed within 1 year of winning date. Entries must be received by mail or through the contest sign-up page by 12:00 Midnight EST on January 14, 2018 – date subject to change. One entry per person. One winner per household. Sweepstakes open only to legal residents of the 48 contiguous United States and the District of Columbia, who are 18 years of age or older. Void wherever prohibited by law. Families and employees of Blue Ridge Outdoors Magazine and participating sponsors are not eligible. No liability is assumed for lost, late, incomplete, inaccurate, non-delivered or misdirected mail, or misdirected e-mail, garbled, mis-transcribed, faulty or incomplete telephone transmissions, for technical hardware or software failures of any kind, lost or unavailable network connection, or failed, incomplete or delayed computer transmission or any human error which may occur in the receipt of processing of the entries in this Sweepstakes. By entering the sweepstakes, entrants agree that Blue Ridge Outdoors Magazine and their promotional partners reserve the right to contact entrants multiple times with special information and offers. Blue Ridge Outdoors Magazine reserves the right, at their sole discretion, to disqualify any individual who tampers with the entry process and to cancel, terminate, modify or suspend the Sweepstakes. Winners agree that Blue Ridge Outdoors Magazine and participating sponsors, their subsidiaries, affiliates, agents and promotion agencies shall not be liable for injuries or losses of any kind resulting from acceptance of or use of prizes. No substitutions or redemption of cash, or transfer of prize permitted. Any taxes associated with winning any of the prizes detailed below will be paid by the winner. Winners agree to allow sponsors to use their name and pictures for purposes of promotion. Sponsors reserve the right to substitute a prize of equal or greater value. All Federal, State and local laws and regulations apply. Selection of winner will be chosen at random at the Blue Ridge Outdoors office on or before January 14, 2018 – date and time subject to change. Odds of winning will be determined by the total number of eligible entries received. One entry per person or two entries per person if partnership opt-in box above is checked.last_img read more

Colombian Navy Boosts Capabilities with Customized Ships

first_imgBy Yolima Dussán/Diálogo September 07, 2018 On July 23, 2018, the Colombian Navy added a new rapid reaction amphibious landing ship to its fleet. The ARC Bahía Colombia was named after the bay in the south of the Gulf of Urabá. The vessel is designed to boost naval fleet capabilities with high-performance and shallow-draft capacities, and the ability to carry out maritime interdiction exercises in hard-to-reach areas. The ship will also increase humanitarian operations in maritime and riverine coastal areas, especially in the Pacific, where it was assigned. ARC Bahía Colombia is equipped with two propulsion systems, located port and starboard. Each system consists of a propeller shaft transmitting power from the reducer to a jet drive system to guarantee speed and integration of the drive system. “The propulsion system was chosen as an innovative feature,” said Colombian Navy Vice Admiral Enrique Ramírez Gáfaro, commander of Operations of the Navy. “As it does not use conventional propulsion, such as a propeller, the ship can approach coastal areas and carry out beach and shallow-draft maneuvers without problems.” The vessel can reach a maximum speed of 9 knots per hour. At this speed, it has autonomy to travel up to 1,500 maritime knots for 20 days with 51 people aboard. “It has a storage capacity of 530 cubic feet for fuel,” Wilson Álvarez, project manager at the Colombian Science and Technology Corporation for Naval, Maritime and Riverine Industry Development (COTECMAR, in Spanish), told Diálogo. “It can operate a 12-ton telescopic crane, a 90 kW emergency generator that can serve as a port generator, a desalination plant, a weather station, and a computer to monitor and diagnose engines and generators, among other features.” Effective missions ARC Bahía Colombia has great potential to serve as a deployment platform for maritime interdiction missions. It can increase the Navy’s coverage of territorial waters and allow for speedy deployment at sea for longer periods, something that was not possible before. “These kinds of ships have been used in missions to effectively counter criminal narcotrafficking organizations, organized armed groups, and remnants of the Revolutionary Armed Forces of Colombia,” Vice Adm. Ramírez said. “[Now] we can reach areas, transport troops, and carry resources that enable offensive operations along the Pacific coast in areas that can only be accessed by sea as there are no roads, something that criminals use to their advantage.” In addition to coastal navigation, ARC Bahía Colombia will be able to travel through rivers and tributaries that originate in the western mountain range and flow into the sea. The ship can also transport equipment and speedboats, and make landings in the area’s complex geographical conditions. Customized design Bahía Colombia is the fifth vessel COTECMAR built and the sixth produced in the country in the last five years. In September 2017, a similar ship was delivered to the Honduran Naval Force, a milestone for the Colombian naval industry as an exporter of military products through technology transfer. “The progress for construction of this type of better equipped ships with higher performance is the result of two key conditions,” Colombian Navy Vice Admiral Javier Díaz Reina, president of COTECMAR, told Diálogo. “On the one hand, having first-hand knowledge of the Navy’s operational requirements, by talking with the institution about ship performance; on the other, using that knowledge to build optimized ships.” With ARC Bahía Colombia, naval engineers were able to increase the main and emergency engines’ power by updating control technologies. They also installed a weather station that merges with the radar system for an improved mooring system. “This new and enhanced vessel will enable increased territorial control and presence along Colombia’s 807-mile coastline on the Pacific Ocean, where [operations] of narcotrafficking organizations don’t stop,” Vice Adm. Ramírez said. “The ship is essential for the Navy’s mission, allowing for better maritime control in areas where the main effort is required.”last_img read more

Florida Georgia Line Announces Multiyear Tour Amid Drama

first_imgThe Florida native posted a throwback photo with Tyler on Wednesday, November 11, of the pair at the 2012 Country Music Association Awards ahead of the 2020 show. Tyler then shared an Instagram Story photo of himself on a tour bus where he is quarantining after testing positive for COVID-19, admitting that it makes him “miss” being on tour with Kelley and Nelly.The same day, Hayley shared two photos from the 2018 CMA Awards, one of which featured Kelley and his wife, Brittney Kelley, amid the drama.Tyler teased new music on Sunday, November 15, telling his Instagram fans that he “wrote a special one called ‘Undivided’ … seemed timely.”He shared lyrics from a song and addressed the unrest taking place in the U.S. after the 2020 presidential election and amid the pandemic.“We’re all the same to God no matter what we get his love / I’m so tired of lookin left or right / so I’m just lookin UP,” the lyrics read.Tyler then shared his “prayer” for the future, pointing to the chorus of the song.“I think it’s time to come together / You and I can make a change / Maybe we can make a difference / Make the world a better place / Love around and love somebody / We been hateful been long enough / Let good Lord reunite / Till this country that we love’s Undivided,” the track said.Listen to Us Weekly’s Hot Hollywood as each week the editors of Us break down the hottest entertainment news stories! “This past year has given us a chance to spend more time writing, producing and being creative,” the pair said in a statement. “But we are itching to get back on the road. We miss our fans, and the live energy and connection we have with them when we hit the stage.”Florida Georgia Line Announces Multi-Year Tour Amid Tyler Hubbard and Brian Kelley DramaFlorida Georgia Line. The Holy MountainThe statement continued: “Our Live Nation family has been a great partner in the past, and we’re excited to be teaming up like this together. Getting back on tour and being able to share our new music can’t come soon enough!”Florida Georgia Line made headlines a week prior, after Tyler, 33, and his wife, Hayley Hubbard, unfollowed Kelley, 35, on Instagram on Tuesday, November 10. Fans speculated that the bandmates had a falling out based on the social media move.- Advertisement – – Advertisement – Hitting the road! Florida Georgia Line inked a multiyear touring deal with Live Nation amid turmoil between its founding members, Tyler Hubbard and Brian Kelley.The country duo announced the concert news on Monday, November 16, revealing the tour will feature North America dates beginning as early as summer 2021.- Advertisement – Some fans pointed to differing political views as the reason for the tension between the musicians. Tyler has spoken out against President Donald Trump in the past and his wife has shown support for Vice President-elect Kamala Harris. Kelley, on the other hand, corrected a fan who claimed he voted for Joe Biden, writing, “Think again bub.”Tyler has since refollowed Kelley and a source told Us Weekly that the pair are not feuding. “All is good with the FGL family,” the insider said earlier this month. “Tyler and Brian’s friendship is as strong as ever.”- Advertisement –last_img read more

NEWS SCAN: Food safety grants, universal flu vaccine, Benin’s polio drive stalls

first_imgJun 3, 2009Three states win FDA grants to boost food-testing capacityThe US Food and Drug Administration (FDA) announced yesterday that it awarded $350,000 grants to Arkansas, Nebraska, and Wisconsin to fund Food Emergency Response Network (FERN) laboratories. In return for the grants, the states may be required to analyze food samples collected by the FDA or other agencies in case of a large-scale contamination event. In Arkansas, the funds will enable the state health department to increase its ability to test for toxic or unknown substances, support national surveillance efforts, and boost response capacity. In Nebraska, the funds are earmarked to allow the agriculture department to add more testing backup and capacity. In Wisconsin, the agriculture department will use the funds to add reserve testing capacity for FERN during events that threaten the nation’s food supply.[Jun 2 FDA press release]Vical receives patent for universal flu vaccine technologyVical, a biopharmaceutical company based in San Diego, announced today that it received a US patent for use of influenza virus gene sequences in a “universal” vaccine, designed to protect against seasonal and emerging pandemic flu strains. The company’s DNA vaccine involves portions of the virus that are consistent among different strains: nucleoprotein (NP) and ion channel protein (M2). The company said it derived its gene sequences from flu strains that have circulated over the past 10 years. Vical has developed an H5N1 flu vaccine, with support from the National Institute of Allergy and Infectious Diseases (NIAID), that showed broad protection against other strains in preclinical studies. In 2007 Vical received a $6 million NIAID grant to develop a process to speed DNA vaccine production. In early May, the company said it had signed an agreement with the US Navy to speed the development of a DNA vaccine against the novel H1N1 virus.[Jun 3 Vical press release][Jun 14, 2007, CIDRAP News story]Healthcare strike stalls Benin’s polio vaccination driveA polio vaccine drive in Benin that was set to begin May 29 has been indefinitely suspended because of a health worker strike, according to Integrated Regional Information Networks (IRIN), part of the UN Office for the Coordination of Humanitarian Affairs. Polio eradication efforts lost ground in 2008, with African countries bearing the brunt of the disease. A World Health Organization official said Benin, Burkina Faso, and Cote d’Ivoire have had new cases since the last immunization campaign in February and March. Health officials said the timing of the vaccine drive is crucial, because the approaching rainy season will make it difficult to reach some children and will intensify virus circulation.[May 29 IRIN story]last_img read more

Research: The congress industry is recording big losses, but hopes to resume activities in the fall

first_imgAn increase in virtual events is expected If the health situation stabilizes by the summer and the global virus pandemic is suppressed and confidence in travel and business gatherings is restored, a very challenging autumn awaits us. According to the expectations of the research participants, it will be marked by the lack of free dates for booking events (40% of respondents) and savings due to the economic crisis. The consequences will be a smaller number of events and participants and a smaller number of sponsors (75% of respondents).  Source: / Photo: Forum Zagreb Congress Center In the past month, especially since the recommendations and bans of the Civil Protection Headquarters relating to public gatherings came into force, most of the rallies scheduled for this spring have been canceled or postponed. Almost 70% of respondents said that the state can help with concrete measures in the recovery of this business segment, primarily by reducing VAT in tourism and exempting businesses from paying contributions to employees’ salaries and income taxes and levies such as tourist and HGK membership fees in the next 6 months. The loss of income caused by such a sudden cessation of every business activity in the field of business tourism is measured by 40% of respondents in the amount of up to half a million kuna, while in 25% of them the losses reach up to five million kuna this year. Although insurance does not cover job losses due to force majeure, almost 60% of respondents said they do not plan to lay off employees, but there have been salary cuts and streamlining of companies that currently survive mainly due to reserves from previous years. According to the statements of 45% of respondents, last year the MICE segment (acronym meetings, incentives, conventions, events) grew by between 10 and 30% compared to the previous year, and according to the announcements, 2020 should be a record year in terms of the number of meetings . But the current situation is very difficult and uncertain; a significant number of meetings have been postponed to the autumn or spring of next year, and there is already an increased demand for free conference space. Tourism as well as the congress industry, which globally accounts for about 15 percent of total travel, are the most affected sectors of the economy in the current crisis.  Travel insecurity and the economic crisis – the biggest problems facing the convention industry  The extent to which the Croatian congress industry has been affected by the latest global crisis caused by the coronavirus pandemic has been investigated by a specialized internet portal for the Croatian congress and event industry, The research was conducted in the period from 24.03. to 27.03.2020. by the method of online survey, and included 79 respondents (congress hotels, specialized agencies and other entities operating in the field of congress and business tourism) throughout Croatia. “After the global financial crisis in 2008, the congress industry managed to recover relatively quickly, and Croatia has recorded strong growth and growing popularity in the international congress and incentive travel market in the last few years. But now it’s starting all over again. Business meetings and trainings are mostly related to the business sector, and the recovery will depend largely on the state of the economy. Many companies will fight for survival, reduce costs and in such a situation it will be more difficult to decide on team building, seminars outside their own locations and the like.”, Said Daniela Kos, project manager of PoslovniTurizam. The congress industry mainly relies on live meetings, but in a situation where there is uncertainty related to social and public gatherings, 45% of respondents expect that some events in the future will become virtual and virtual conferences and congresses, webinars and the like will be organized using technological solutions. , while 40% of respondents are not sure whether such events will replace the traditional ones. “Humans are first and foremost social beings and personal contact is still needed. Probably part of the gatherings will be done virtually, but people want direct contact and will return to such communication“, Is part of the commentary on the question of the future format of events. last_img read more

Mikel Arteta reveals the Arsenal changes he’s tried to make since taking charge

first_imgMikel Arteta reveals the Arsenal changes he’s tried to make since taking charge Arteta arrives at the Vitality Stadium ahead of his first game in charge (Picture: Getty)On making his managerial bow, Arteta added: ‘Very excited. Obviously it’s a new experience for me but I’ve seen the atmosphere in the last few days in the training ground and I’m really looking forward to it.’Arsenal are on a run of having won just once in their last 15 matches in all competitions and Arteta has made three changes for the match, notably bringing Mesut Ozil and Alexandre Lacazette back into the starting XI.MORE: Mikel Arteta reveals details of chat with Granit Xhaka amid Arsenal exit rumoursMORE: Mikel Arteta urges Arsenal to raid Juventus in January for Adrien RabiotMore: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man City Comment The Spaniard is hoping to see some of his tweaks put into practice (Picture: Getty)Mikel Arteta has revealed that he has tried to inject more tempo and aggression into the Arsenal side since taking charge – and is hoping to see early signs of it against Bournemouth.The Spanish coach takes charge of the Gunners for the first time on the south coast on Boxing Day, having watched their previous draw against Everton from the stands last weekend.He has had several days to work with the squad and try to bring his more attacking style of play to Arsenal’s players and is looking to see signs of evolution straight from the off. Arteta has only had a few training sessions to work with his new players (Picture: Getty)Speaking to Amazon Prime Video at the Vitality Stadium shortly before kick-off, Arteta explained the changes he has made, saying: ‘The first thing I’ve tried to change is the rhythm.AdvertisementAdvertisementADVERTISEMENT‘We’ve tried to change a little bit the dynamic they were at, put a little bit more aggression and passion into the game.‘And obviously give them an overall picture of what I’m looking for with and without the ball for them.’More: Arsenal FCArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesThomas Partey debut? Ian Wright picks his Arsenal starting XI vs Manchester CityArsene Wenger explains why Mikel Arteta is ‘lucky’ to be managing ArsenalPressed on what exactly he’s looking for, Arteta continued: ‘Well that’s for us! But we have a clear idea of what we try to do.‘Obviously we need many more days to try to evolve, but at least they know what I’m expecting, what the team will try to do to us and what the solutions are for us.’center_img Advertisement Metro Sport ReporterThursday 26 Dec 2019 2:53 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link925Shares Advertisementlast_img read more

European Commission to investigate possibility of levy to fund EIOPA

first_imgThe European Commission has backed calls for the European Insurance and Occupational Pensions Authority (EIOPA) to no longer be funded from the European Union’s budget, increasing the likelihood of an industry levy.The European executive recommended the changes as it endorsed reviews of both the European Systemic Risk Board (ESRB) and the European Supervisory Authorities (ESA) for banking, securities markets and the pension and insurance industry.The review noted concerns that the current approach to ESA funding – whereby a budget is provided by the EU and through grants from the national regulators – could prove unsustainable as the supervisors looked to increase staffing levels.“Given EU and national budget constraints, the Commission considers that a revision of the existing funding model should therefore be envisaged,” the review said. It went on to note that the new model would “ideally” abolish the current funding model and that the Commission would start preparatory work to “improve the funding arrangements of the ESAs so they could fulfil their mandate”.“Further analysis could be carried out to assess the possibility of different funding models for the ESAs, including by increasing the level of funding by raising fees and levies,” it added.Gabriel Bernardino, chairman of EIOPA, last year called for greater funding to attract further staff, a call backed by the European Parliament’s economic and monetary affairs committee (ECON).The Commission said that, in light of the proposed Banking Union, it would also consider either relocating the ESAs and ESRB to have a single seat.EIOPA is currently based in Frankfurt, the European Securities and Markets Authority in Paris and the European Banking Authority in London.The Commission said it would also consider whether a “Twin Peaks” approach to regulation should be implemented, with a single prudential regulator and a second to police the industry.The review further suggested changes to the way ESA stakeholder groups are composed, increasing transparency and suggesting that those appointed should be chosen in a more “balanced” way – potentially by increasing the number of consumer and small and medium-sized enterprise (SME) representatives.The 30-strong occupational pensions stakeholder group (OPSG) currently consists of 10 representatives from the pension industry, employers, employees, professional bodies, academics and a sole representative for SMEs.The OPSG last year appointed Benne van Popta as its chairman.,WebsitesWe are not responsible for the content of external sitesLink to review of European Supervisory Authoritieslast_img read more