mr. gibson and i joined together to introduce legislation that clarified rules under the dodd-frank act with regard to margin clearing and reporting requirements of interaffiliate transactions. what that means is a lot of main street businesses in various industries from agriculture to consumer products that work across international boundaries use this central treasury unit structure to offset competing or offsetting risks and that way they can decide what their total aggregate risk is and then make it much more affordable for a corporation. . unfortunately the way the rules were interpretted by the commodities futures trading commission, these companies were being charged double or triple the cost by imposing these central clearing unit ways of managing risk. it just didn t make sense and it actually cost them more money. and these companies did not add systemic risk. that s what the rules on swaps were all about is to make sure we reduce systemic risks. these companies are
Our weekly round-up of Australian arts sector appointments, comings and goings includes movements at The Torch, The Song Company and Queensland Ballet.
Several high-profile Canberra-related music names appeared at the top of the list in the 2023 Art Music Awards, hosted by Monica Trapaga in Sydney on Tuesday night.
A Canberra composer scarcely-known here has been named as one of the frontrunners in Australia’s foremost classical music awards this year, reports HELEN MUSA.