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Yesterday, the Speaker of the House of Commons made a ruling. In accordance with Parliamentary Rules dating back to the 17th Century, he said that a motion could not be put before the house over and over again in the hope that the Members would tire of saying no. There's uproar in some quarters, some saying he's sabotaging Brexit. He's doing nothing of the sort. He's just making sure that the Government doesn't drop the ball.

When Brenton Tarrant, a 28-year-old Australian man, turned on the camera on his mobile phone and filmed himself and his actions during a murderous attack on two mosques in Christchurch, New Zealand, killing 50 people, it brought home to the world that the idea of web-casting, so beloved of American TV cop-show writers, can be even more horrifying when fiction turns to fact. Yet, the dangers of live streaming have long been known and criminals in a wide range of activities have been making use of it for a long time. Is this a "freedom" too far?

CoNet Section: 

In a speech to a conference on the 12 March, 2019, to mark the 20th Anniversary of the Financial Stability Institute, Mr Agustin Carstens, General Manager of the Bank for International Settlements, set out what the FSI has achieved and objectives for the future.

BIScom Subsection: 

On 13 March, the Bank for International Settlements Basel Committee issued a statement regarding "crypto-assets." Some of its basic assumptions are wrong and fundamentally misleading.

For fans of the personalities, regulations and technology of F1, the first race of the 2019 season was fascinating.

For fans of racing, it was extraordinarily dull.

CoNet Section: 

Case Summary: 

A financial adviser recommended a form of investment to clients but instead of using the money in accordance with the agreed plan he used the money for his own purposes and created fictitious records to show purported performance of their investments. He has been sentenced to ten years' jail. Asset freezing orders against the defendant have preserved sufficient to cover all or most of the losses.

Type of conduct: 
Fiduciary fraud

Parliament has recognised the will of the people and decided that, even if there is a referendum on the terms of the Withdrawal Agreement, such a referendum would not include a "Remain" option. It has also rejected the Prime Minister's motion to delay withdrawal.

I can't claim to have known Charlie Whiting personally but I can say that, like one or two other people over my decades of enjoying Formula One as a spectator, he has been an important figure in my life. And then, suddenly, he's gone, as if someone turned out the lights. This time, they say "gone" not "go."

CoNet Section: 
Charlie Whiting
was born on: 
Tue, 12/08/1952
at: 
Kent, England
and died on: 
Thu, 14/03/2019
at: 
Melbourne, Australia

Let's accept for a moment that, good as it is, data from commercial flight-tracking services is not 100% authoritative. But it is certainly extremely persuasive. The data that was made available immediately after the crash of Ethiopian Airways flight 302 showed a remarkable similarity to similar data published after the crash of Lion Air JT610. As more and more countries banned B787 MAX, the FAA supported Boeing. Boeing said "we stand by our aircraft." Then even more compelling evidence of similarity between the crashes emerged.

CoNet Section: 

Here's a good argument in favour of leaving the EU: last night the UK's House of Commons voted against leaving the European Union without a deal in place to ensure an orderly exit. But, they are impotent : whether the UK leaves on 29th March without a negotiated "divorce," is governed by the Lisbon Treaty. And the Lisbon Treaty is superior to British law and, even, the British Parliament.

"Many people are surprised to learn that it is not illegal to sell unsafe goods in Australia. Many think there’s already a law that says goods have to be safe. Well, there isn’t, but there should be," says Rod Sims, chairman of the Australian Competition and Consumer Commission.

It's not enough but it's a start. And it's too little, too late. The USA's Federal Reserve Board no doubt hopes that by taking a strong line against two individuals that it can diminish the damage done to Goldman Sachs over its participation in the Malaysian financial case relating to 1MDB. And the fact that it's taken so long for the Fed to act doesn't cast the regulator in an especially good light, either.

BIScom Subsection: 

As we noted yesterday, this newspaper's review of the so-called binding agreement reached with the EU, did not actually prevent the feared lock-in that Leavers want to ensure does not happen. The Attorney-General agreed and when his view was put before Parliament, MPs voted down the supposedly revised deal. Again. That leaves Mrs May to follow Plan X.

MotoGP has, in recent years, had flashes of brilliance but periods of extreme dullness. If the first race of 2019, Qatar, is any guide, that's not going to be the case this season. And there's interest in the lower formulae, too.

CoNet Section: 

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