Saint Michael’s College,The second annual Saint Michael’s College Community Service Day has drawn some 119 employees volunteering to do a variety of service activities for the day, Wednesday, May 25, both on and off the Colchester-based campus. Participants were encouraged to join in the ‘opportunity to come together with your colleagues and to give back to your community.’ Staff AwardsService activities from 9 a.m. to 12 noon will be followed by lunch and Annual Staff Awards Ceremony in Alliot Hall that will honor six employees for their commitment, service and dedication. The six to be honored were nominated by their colleagues, and will be identified for the first time at the ceremony. ‘This project celebrates the Saint Michael’s community by doing good work together,’ said Angela Irvine, director of foundation relations and service-day team member. Participants, including vice presidents, cafeteria workers, computer specialists, librarians, professors and others, will be doing the following activities: On CampusBaked Love: making meals for area familiesCampus Grounds: raking, sweeping entrances & around dumpsters, cutting ivy, weeding flower bedsChapel: spring cleaningCommunity Garden: garden prep, planting and weedingEarly Learning Center: cleaning and yard workLibrary Archives: cleaning and organizing5 paint crews, painting St. Joe’s porch, dugouts on 300s field, Old Fire Station, handrails of dorm entrances, and bus stop; walkways and seat numbers on Ross sports center bleachersPower washing of building exteriorsWindow washing Off CampusCamp Ta Kum Ta: yard work, spring cleaning, handy workCatamount Family Center: trail maintenanceCOTS: spring cleaningRock Point School: yard workShelburne Museum: gardeningWinooski Senior Center: deliver meals on wheels and bake treats for BINGO event Learn What Matters at Saint Michael’s College, The Edmundite Catholic liberal arts college, www.smcvt.edu(link is external) . Saint Michael’s provides education with a social conscience, producing graduates with the intellectual tools to lead successful, purposeful lives that will contribute to peace and justice in our world. Founded in 1904 by the Society of St. Edmund and headed by President John J. Neuhauser, Saint Michael’s College is located three miles from Burlington, Vermont, one of America’s top college towns. It is identified by the Princeton Review as one of the nations Best 371 Colleges, and is included in the 2011 Fiske Guide to Colleges. Saint Michael’s is one of only 280 colleges and universities nationwide, one of only 20 Catholic colleges, with a Phi Beta Kappa chapter. Saint Michael’s has 1,900 undergraduate students, some 500 graduate students and 100 international students. Saint Michael’s students and professors have received Rhodes, Woodrow Wilson, Pickering, Guggenheim, Fulbright, and other grants. The college is one of the nation’s top-100, Best Liberal Arts Colleges as listed in the 2011 U.S. News & World Report rankings.-30-
The European Commission and the UK regulator have called for greater co-operation between the UK and the EU to prevent a possible “cliff edge” that could jeopardise the financial services sector across Europe.In a speech on Tuesday to the City of London, Valdis Dombrovskis, the European Commission’s vice-president responsible for financial regulation, said “supervisors need to work together” to avoid further disruption to pan-European financial services in the wake of Brexit.However, he offered a stark warning: “As vice-president in charge of financial stability, my message to all parties – firms and supervisors – is that they need to continue their work to prepare for all scenarios.”Dombrovskis’ comments echoed concerns raised earlier in the day by Andrew Bailey, CEO of the UK’s Financial Conduct Authority (FCA). Both men warned of the limitations of extending the existing “equivalence” regime, under which non-EU companies can access the single market, to the UK post-Brexit. Dombrovskis said that while “equivalence [was] not perfect…[it] has proven to be a pragmatic solution”.Bailey was unequivocal, saying he recognised that equivalence could “increase choice and competition in home markets” – but he added: “The current EU equivalence regime doesn’t best suit any of the parties.”Under the current system, the EU has more than 200 equivalence decisions across 30 non-EU jurisdictions.“For example, equivalence decisions in the derivatives and trading space have allowed European banks to service clients across the world and EU investors to access pools of liquidity anywhere in the world,” Bailey noted.However, the FCA chief said: “Mutual recognition, as [Brian Hayes MEP] suggests, would be the better way to establish the steady-state between the UK and the EU in future.”Avoiding a ‘no deal’ scenarioBoth men raised the spectre of the consequences of a failure to reach a final deal – even with a transition period in place until 31 December 2020.Dombrovskis said Brexit was already posing many challenges. “For the financial sector, the Commission’s first priority is to safeguard financial stability and ensure investor protection,” he said. “It is my duty to encourage you to take steps to prepare for all scenarios.”For Bailey, however, averting a cliff-edge scenario – “which we should all want to avoid” – was paramount. He welcomed the conditional agreement of the transition period.“This matters in financial services because the risks around contract continuity, data sharing and broader market disruption could jeopardise financial stability, the preservation of which is a shared objective of both sides,” he said.