Sail annual report 2010-11 pdf

Sustainability is an integral part of our business. We seek to make a positive difference to people, society and the environment, through our products and operations, and we collaborate with our stakeholders to address local and global challenges.

Built on mutual trust, reliability, and shared values, our business is a place that enables people to develop, work together, create solutions and implement positive change. TITAN reports on its financial and sustainability performance annually, for more than 30 years, committed to transparency and to keeping stakeholders regularly and comprehensively informed and engaged. We report on all issues that are material to our stakeholders and measure our performance against key sustainability performance indicators, according to internationally recognized reporting standards.

At the same time, the Group is encouraging, standardizing, and supporting its business units to publish annual sustainability reports or integrated reports , increasing our transparency and engagement with our stakeholders at local level. The persistence of very low interest rates in major advanced economies delays the necessary balance sheet adjustments of households and financial institutions.

And it is magnifying the risk that the distortions that arose ahead of the crisis will return. If we are to build a stable future, our attempts to cushion the blow from the last crisis must not sow the seeds of the next one.

Financial regulatory reform: accomplishments, pitfalls, prospects. Progress on financial regulatory reform has been impressive. International agreements on stronger capital requirements and new liquidity standards for banks have been reached quickly.

Still, a number of critical steps remain. Among these are the full and timely implementation of Basel III; the adoption of measures to address the systemic risks associated with very large global financial institutions; and the design of regimes to ensure the orderly resolution of such institutions in the event of their failure.

But the target will keep moving as institutions resume risk-taking and adapt their business models to the new environment. The supervisory framework must be able to keep up, monitoring and managing risks to financial stability regardless of the given perimeter of regulation.

Closing data gaps to enhance systemic risk measurement. The recent financial crisis revealed gaps in both the data and the analytical frameworks used to assess systemic risk. These gaps hampered policymakers in their efforts to identify and respond to vulnerabilities. To do their job, authorities need a broader and more accurate view of the financial system from multiple vantage points.

That picture would show sectoral balance sheets and their global interlinkages, and it implies a wider sharing of institution-level data within and across jurisdictions. While better data and analytical frameworks will not prevent future crises, experience suggests that the improvements will enable policymakers and market participants alike to identify vulnerabilities previously unseen and pick up the emergence of others much sooner.

The BIS: mission, activities, governance and financial results. Related information Press release: 26 June Top Share this page. Stay connected.

Virgin Islands; and Philipsburg, St. Since there is no port repetition between the two itineraries, they can be easily combined to create a port-rich day Caribbean tour. For guests seeking a full Caribbean escape, these two Norwegian Pearl itineraries can be combined into a day Eastern and Western Caribbean cruise.

Norwegian Dawn will sail alternating five-day Western Caribbean and nine-day Southern Caribbean cruises from November 14, through April 22, On Fridays, the ship sails a weekend getaway, three-day Bahamas itinerary, departing Miami at 5 p. These sailings can also be combined into a port-rich day cruise for the ultimate fall foliage experience.