Open Networking Delivers Break-Through Economics

first_imgCommunications Service Providers (CSPs) must adapt to a rapidly changing digital world. And many seek an architectural change away from proprietary and towards open systems to do so. Dell EMC has been leading the Open Networking charge, enabling this strategic shift by providing a path to greater service agility combined with break-through economics.ACG Research published a report today validating a new breed of infrastructure rollouts and Network Function Virtualization (NFV) modernization projects.The study findingsThe findings overwhelmingly demonstrate the value of open, disaggregated and best-of-breed solutions compared to tightly integrated single-vendor systems. The study showcases the Dell EMC product portfolio as deployed in a production environment by a large Tier 1 CSP. Specifically, the ACG report highlights:Up to 3X faster for service agility, enabled at 65% less costUp to 43 percent and 53 percent lower OPEX and CAPEX respectivelyUp to 47 percent lower overall TCOWe view these figures as clear proof of the dramatic benefits of Open Networking, and should provide you with the confidence knowing that service innovation and agility plus profitability can be achieved as you invest to modernize your infrastructure.The Dell EMC portfolio in actionThis report is also an opportunity for us to highlight that the Dell EMC portfolio showcased; specifically the S6000-series and S4000-series Open Networking switches equipped with Big Switch Networks Big Cloud Fabric TM software; the PowerEdge R630, and the PowerVault MD3460; have met some of the most stringent Telco requirements for robustness, uncompromised performance; including, for example, NEBS Level 3 certification, combined with some of the most stringent security standards compliance for mission-critical verticals/applicationsSummary and next stepsThis study independently validates our strategy of delivering openness, service agility and break-through economics through infrastructure modernization.  At Dell EMC, we offer a continuum of deployment options with various degrees of integration, from “do-it-yourself” best-in class compute, storage and networking platforms, to fully-validated end-to-end solutions that can unlock new revenue streams.I am confident that we can greatly enhance your ability to drive revenue, innovate faster and transform the economics of your infrastructure; while better preparing you for a wave of new applications, revenue and connectivity models.Please visit our 2017 Mobile World Congress (MWC) site for more on related solutions and additional presentations on ACG Research’s findings.last_img read more

Tix Now Available to See Jessica Lange & More in Long Day’s Journey Into Night

first_imgTickets are now on sale to see Oscar and Emmy winner Jessica Lange, Oscar nominee Michael Shannon, Tony winner John Gallagher Jr. and Tony nominee Gabriel Byrne in Long Day’s Journey Into Night.Directed by Jonathan Kent, the Roundabout production of Eugene O’Neill’s classic will play a limited engagement at Broadway’s American Airlines Theatre from March 31, 2016 through June 26. Opening night is set for April 19.Long Day’s Journey Into Night is the tale of an ordinary summer’s day with extraordinary consequences. Drawing so heavily from the author’s personal history that it could only be produced posthumously, the story centers on the Tyrones, a dysfunctional family with a drug-addicted mother, penny-pinching father and two troubled sons. Show Closed This production ended its run on June 26, 2016 Related Shows Star Files Michael Shannon Long Day’s Journey Into Night View Commentslast_img read more

Financial stability impact of IFRS 9 ‘unknown’, Draghi concedes

first_imgThe European Systemic Risk Board does not yet understand the impact the International Accounting Standards Board’s (IASB) new financial instruments accounting rules will have on financial stability, its chairman Mario Draghi has confirmed.In a 29 February letter addressed to the European Parliament’s Committee on Economic and Monetary Affairs (ECON), the European Central Bank (ECB) chairman wrote: “While I appreciate the ECON committee wishes to receive a reaction from the [ESRB] at an early stage, I would like to signal that, although several member institutions of the ESRB have already taken a public stance on the issues you raise, the ESRB has not yet assessed the impact of the new accounting standards on the financial sector as a whole.”Draghi explained that this was down to the “poor quality of the data available and uncertainty as to whether – and if so how – capital regulation might change in the light of the new accounting rules”.The letter continues: “It should be noted that the time endorsement of IFRS 9 is a necessary condition for entities to make significant progress on its implementation. This may in turn result in the more reliable data needed for this project. “Indeed, there are significant interplays between accounting and regulation, and the ESRB is interested in how these might impact on financial stability – for example, in terms of pro-cyclicality of impairment and measurement requirements and the broader effects of fair value accounting.”Draghi concluded: “Given the need to fully understand the macroprudential implications, consider factual developments, including progress made on implementation, and involve the ESRB membership in a necessarily ample discussion, the ESRB may therefore respond to the ECON committee in the course of 2017.”The IASB has been working on International Financial Reporting Standard 9 (IFRS 9) since 2009 in a bid to replace its existing financial-instruments accounting standard.If the EU endorses the standard, it would apply to accounting periods beginning on or after 1 January 2018.The new standard would be used extensively by systemically vital banks and insurance companies as the basis for their financial-asset accounting.There is a concern among IFRS-sceptic MEPs that the European Commission has succumbed to lobbying by banks and the wider accounting establishment.In a speech to the 2011 IFRS annual conference in Zurich in July, IASB chairman Hans Hoogervorst said: “The endorsement of IFRS by Europe has been extremely important for IFRS. We still have a small problem now with IFRS 9.“There are many people who now think they should adopt it quickly because it gives a little bit more leeway in terms of the Greek government bonds.”Meanwhile, the European Union’s adviser on accounting matters, the European Financial Reporting Advisory Group, has already recommended the EU adopt IFRS 9.That endorsement has met stiff resistance from some quarters.In September, the UK’s Local Authority Pension Fund Forum argued that EFRAG misapplied EU law in its endorsement advice on IFRS 9.In December, both the LAPFF and the EFRAG wrote to the EU’s internal market commissioner, Jonathan Hill, to clarify their position on IFRS 9.Both insisted they were in the right.On 8 January, the ECON committee wrote to Draghi and set out the Parliament’s concerns about IFRS 9.The committee wrote: “Given the importance of this new financial reporting standard, [ECON] is concerned about this lack of reliable quantitative data and assessment.“The impact of the introduction of IFRS 9 on financial stability in general, and on the amount of loan loss provisioning and banks’ regulatory capital in particular, is of concern to the committee.”The committee also invited the ESRB to comment on the impact of fair value measurement – plus any wider use of fair value under IFRS 9 – in relation to its macro-economic impact.In a bid to break the impasse, the European Commission invited academics from the Mannheim Business School to assess whether IFRS 9 satisfied the EU endorsement framework.Professors Jannis Bischof and Holger Daske responded: “We observe that prudential supervisors from Europe did not express significant concerns about the impact of IFRS 9 on financial stability and, when assessing the standard in its entirety, we do not foresee such an adverse impact.”They concluded: “Ultimately, it is a purely political decision how to weight these different costs and benefits of different parties. Overall, we still conclude IFRS 9 is likely to be conducive to the European public good, not at least because it is a better standard than its widely criticised predecessor IAS 39.”last_img read more


first_imgShown at the presentation of a cheque for €2,500 by Marian Harkin MEP to the Donegal Carers Association are (back row, from left) Shirley McBrearty, Pat Devenney, Rosemary Scott, Irene Cartnell, Charlie Doherty, Tricia O’Donnell, Sarah Parke; (front row, from left) Mary O’Kane, Teresa Laverty, Matilda Corrscadden, Marian Harkin MEP, and Ann Kavanagh.Marian Harkin MEP has presented a cheque for €2,500 to Donegal Carers Association to help provide support to family carers in Donegal.The Donegal group is the latest representative body for carers to benefit from a financial support programme for carers which is being implemented by Independent MEP Harkin.“We’d like to thank Marian not only for this extraordinarily generous gesture but also for her continued support for family carers over many years,” Ann Kavanagh, Chairperson of the Donegal Carers Association, said at the cheque presentation event, which took place during a recent respite weekend in Sligo for Donegal carers. “Marian’s support for carers has been both in Ireland and at European level, and in particular through her work as a co-founder and leading figure in the interest group on family carers in the European Parliament.”Speaking at the event, MEP Harkin acknowledged the work of family carers in our society and thanked them for their huge contribution.She explained that, although in the past she has gifted her Oireachtas pension back to the State, she has now decided to give this money to a worthy cause — that of family carers.MEP Harkin also brings a group of family carers from her constituency to the European Parliament each year, which further highlights her strong support for family carers.  MEP DONATES €2,500 TO DONEGAL CARERS was last modified: October 13th, 2015 by John2Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:donationDonegal Carersmarian harkin meplast_img read more