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Cleaning up culture in the financial sector and holding senior managers to account is not a witch hunt, insists Andrew Bailey, chief of City watchdog

Hayley Kirton Share Thursday 16 March 2017 1:25 pm whatsapp Cleaning up culture in the financial sector and holding senior managers to account is not a witch hunt, insists Andrew Bailey, chief of City watchdog Read more: City watchdog launches consultation over plans to shake up the IPO processThis slew of red tape was intended to prevent managers getting away with turning a blind eye to their staff’s behaviour, Bailey said, which had created problems getting people to take responsibility in the fallout of the 2008 crisis.”The key feature of all this for me is the simplicity of the concept of responsibility and accountability, and the powerful effects that comes from such simplicity,” he added. “The effect on culture should be profound, and I say that in a good sense.”Bailey described culture in the financial sector as “elusive” with an unfortunate habit of being “everywhere and nowhere”. Read more: Convicted Libor trader Tom Hayes sues City watchdog over industry ban “Culture can be remarkably resilient in the face of attempts to change it,” the watchdog chief continued. “However, if culture is ignored then an opportunity is lost to tackle one of the major root causes of conduct failures.”A recent survey by Duff & Phelps discovered more than half (55 per cent) of senior execs feel the Senior Managers’ Regime has so far had a positive impact on the banking and alternative investment communities.  Making sure financial sector bosses take responsibility for wrongdoings is not a witch hunt, the chief of the City watchdog said today. Andrew Bailey, chief executive of the Financial Conduct Authority (FCA), said the financial crisis had caused many people to question whether head honchos in the City were really taking responsibility for their actions, but stressed this was not about trying to find scapegoats to take the fall. More From Our Partners Inside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgPuffer fish snaps a selfie with lucky divernypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com “This was sometimes portrayed as blood lust or a witch hunt, but in fact it was asking the reasonable question, ‘Who is responsible and thus will be accountable for what happens’,” Bailey told an audience at the Hong Kong Management Association annual conference. Read more: Exclusive: How much the City watchdog spent on its RBS small biz reportBailey went on to defend the recently introduced Senior Managers’ and Certification Regime, designed to hold managers to account for misdeeds carried out on their watch.The Senior Managers’ Regime was introduced for banks and insurers last March, with plans to roll it out to the wider financial industry shortly. Meanwhile, the Certification Regime, which came into force earlier this month, requires firms to identify workers who could pose “significant harm” to clients or the company itself, and issue those workers with a yearly certificate declaring they are “fit and proper” to carry out their role. whatsapp read more

Laois duo jet off to take part in GAA All-Stars Hurling Tour

first_img TAGSAll-StarEnda RowlandPaddy Purcell Twitter RELATED ARTICLESMORE FROM AUTHOR Laois duo jet off to take part in GAA All-Stars Hurling Tour Pinterest GAA Facebook 2020 U-15 ‘B’ glory for Ballyroan-Abbey following six point win over Killeshin By Alan Hartnett – 27th November 2019 GAA Home Sport GAA Laois duo jet off to take part in GAA All-Stars Hurling Tour SportGAA Facebookcenter_img Pinterest WhatsApp WhatsApp Twitter Previous articlePortlaoise parking row alleges heavy-handed ticketingNext articleMW Hire O’Moore Park to host Leinster club football final next weekend Alan HartnettStradbally native Alan Hartnett is a graduate of Knockbeg College who has worked in the local and national media since 2008. Alan has a BA in Economics, Politics and Law and an MA in Journalism from DCU. His happiest moment was when Jody Dillon scored THAT goal in the Laois senior football final in 2016. Referee James Owens is joined on the tour by David Gough and Conor Lane.A highlight of the tour will be the post-match reception which will be hosted by the Irish Ambassador to the U.A.E, Mr. Aidan Cronin, at his residence on Saturday evening.The Middle East GAA Board and Abu Dhabi Na Fianna will host the touring party.Check out the team below and best of luck to Padyd and Enda!2018/2019 PwC All-Star Hurling Tour PanelSeán Finn (Limerick)Declan Hannon (Limerick)Dan Morrissey (Limerick)Cian Lynch (Limerick)Darragh Fitzgibbon (Cork)Peter Duggan (Clare)Séamus Harnedy (Cork)Patrick Horgan (Cork)John Conlon (Clare)Graeme Mulcahy (Limerick)Cathal Barrett (Tipperary)Padraig Maher (Tipperary)Noel McGrath (Tipperary)Diarmuid O’Keeffe (Wexford)Lee Chin (Wexford)Séamus Callanan (Tipperary)Patrick Purcell (Laois)Shane Conway (Kerry)Killian Doyle (Westmeath)Enda Rowland (Laois)Neil McManus (Antrim)Declan Coulter (Donegal)Patrick McKenna (Kildare)Edward Byrne (Carlow)Anthony Nash (Cork)John McGrath (Tipperary)James Weir (Sligo)Referees: James Owens, Conor Lane and David GoughSEE ALSO – Tributes paid as long-serving Laois County Board member departs GAA Kelly and Farrell lead the way as St Joseph’s claim 2020 U-15 glory Here are all of Wednesday’s Laois GAA results Enda Rowland and Paddy Purcell ahead of the All-Star trip A 27-strong panel, including some of the biggest names in hurling, today flew out from Dublin travelling to Abu Dhabi where they will embark on a five-day PwC All-Star hurling tour.And we have two Laois lads present as Rathdowney-Errill’s Paddy Purcell and Abbeyleix’s Enda Rowland are part of the travelling party.The touring panel is made up of 2018 and 2019 All-Stars and nominees and it also includes a number of representatives from the Champions 15 team.In all there are players from 13 different counties in the travelling party, with the feature event scheduled for the Zayed Sports City on Saturday afternoon (local time) where exhibition hurling and camogie matches will be played by local players before a game between the visiting All-Star teams.All-Ireland winning manager Liam Sheedy will manage the 2019 selection with former Cork manager John Meyler looking after the 2018 team.last_img read more

Staple Foods Unable to Halt Malnutrition

first_img News News By Daily NK – 2010.03.17 2:00pm Staple Foods Unable to Halt Malnutrition AvatarDaily NKQuestions or comments about this article? Contact us at [email protected] News SHARE RELATED ARTICLESMORE FROM AUTHORcenter_img Facebook Twitter News Entire border patrol unit in North Hamgyong Province placed into quarantine following “paratyphoid” outbreak There are signs that North Korea is running into serious difficulties with its corn harvest Due to bad harvests, reduced aid supplies from the international community and the resulting high prices of rice and corn in the markets, food security for the North Korean people is going steadily downhill. The falling nutritional standard of many North Korean citizens is among the worst results, since it can affect every aspect of their lives. According to the testimony of North Korean refugees, the poor in the country generally stay alive by consuming “corn soup” and/or “corn noodles” for the majority of meals. However, analysis suggests that citizens are still doomed to suffer from malnutrition even if they can manage to consume such “corn soup” or “corn noodles” for three meals a day. To show this in more detail, The Daily NK requested a nutritional analysis from the Department of Food and Nutrition at Korea University. We asked the question, “If a person lives on corn soup and corn noodles alone, what will be the nutritional condition of the person?” The result came out on March 15th, stating, “The person will be seriously malnourished even if he/she eats all three meals, every day.”The research team’s nutritional analysis of corn soup and noodles was conducted according to the testimony of refugees from North Hamkyung Province. They explained both the quantities and additional ingredients etc which go to make up these staple dishes. They reported that, in general, corn soup requires 300g of corn, 600cc of water and 1 tea spoon of salt per person, per day; corn noodles require 300g of corn powder, 600 cc of water and 1 table spoon of soy sauce. The research team then tested the levels of important nutrients in each of the two foods, based on these ingredients and comparing them with the national standard (Dietary Reference Intakes for Koreans (7th edition; The Korean Nutrition Society).The result was conclusive; if a North Korean citizen consumes three meals of corn soup and noodles, s/he will take in an insufficient amount of every nutrient bar phosphorus and sodium.Notifying The Daily NK of the results, the research team reported, “Generally (North Koreans) are seriously deficient in all things, including gross calories, nutrients, and vitamins. If a person’s weight continues to decrease due to insufficient calorie intake, not only is body fat reduced, also muscles and protein are damaged, general nutritional conditions worsen, resistance to disease falls, and recovery from illness, injury, and surgery slows.” In the case of children, physical and intellectual development also slows; an effect which can be permanent. The research team went on, “While sodium intake isn’t a serious problem, there is the worry of possible osteoporosis due to calcium and phosphorus imbalances.” Corn contains a great deal of phosphorus, the researchers explained, which is problematic because “if the intake of phosphorus is more than twice as high as that of calcium over a long period, hypocalcemia and/or a rapid increase in the level of secondary parathyroid hormone in the blood might occur, accelerating the leaching of calcium from the bones, and finally having a negative impact on bone mineral content.”Therefore, even if those North Korean citizens who are suffering from chronic food shortages have three meals a day, it those meals are made of corn soup or corn noodles then the symptoms of malnutrition will be repeated. Of course, those citizens who can’t even secure three meals of corn soup per day will be more vulnerable still. North Korea tries to accelerate building of walls and fences along border with Chinalast_img read more

CSA relaxes approach to portfolio manager proficiency

first_img Related news finding your niche iStock Facebook LinkedIn Twitter “Many portfolio managers now have an operating model that divides responsibilities between specialized client relationship managers and stock-picking teams,” the CSA noted.To smooth firms’ use of that approach, the CSA said that portfolio managers will be able to designate certain reps as client relationship managers, and these reps won’t have to demonstrate stock-picking expertise.The regulators aren’t revising the proficiency requirements for advising reps. Instead, they will impose terms and conditions on these reps to explicitly prohibit them from providing stock-picking advice.These reps will also be required to disclose the limits of their registration to clients.“These steps ensure our experience requirements for advising representatives are responsive to evolving business models and more closely match the services they provide to clients,” said Louis Morisset, chair of the CSA and president and CEO of the Autorité des marchés financiers (AMF).The CSA said that it will “monitor and review the experience of portfolio managers” that use this approach, and that this may lead to more permanent rule changes.In a statement, Katie Walmsley, president of the Portfolio Management Association of Canada, welcomed the CSA’s announcement.“This is a welcome announcement that results in no change to the high standards of proficiency required to register as an Advising Representative with a portfolio management firm,” Walmsley said. Regulators must avert looming irrelevance: IAP Regulators issue new reporting guidance on systems outages Securities regulators are providing portfolio managers with more flexibility to divide the roles of stock-picking and client relations.The Canadian Securities Administrators (CSA) unveiled measures designed to facilitate the industry practice of deploying certain personnel as client relationship management specialists. Share this article and your comments with peers on social media Keywords RegulationCompanies Canadian Securities Administrators James Langton SEC charges five in US$2-billion crypto trading schemelast_img read more

RBC, National Bank report Q1 profits that beat expectations

first_img Share this article and your comments with peers on social media Revenue totalled $12.94 billion, up from $12.84 billion.Provisions for credit losses amounted to $110 million, down from $419 million in the same quarter last year.On an adjusted basis, RBC says it earned $2.69 per diluted share, up from $2.44 per diluted share a year ago.Analysts on average had expected an adjusted profit of $2.27 per share, according to financial data firm Refinitiv.National Bank of Canada topped expectations as it reported its first-quarter profit rose more than 20% compared with a year ago, boosted by growth across its business.The Montreal-based bank says it earned net income of $761 million or $2.15 per diluted share for the quarter ended Jan. 31.The result was up from $610 million or $1.67 per diluted share a year ago.Provisions for credit losses totalled $81 million, down from $89 million a year earlier.Excluding specified items, National Bank says it earned $2.15 per diluted share, up from $1.70 per diluted share a year ago.Analysts on average had expected an adjusted profit of $1.71 per share, according to financial data firm Refinitiv.On Tuesday, BMO and Scotiabank also reported year-over-year profits that beat analysts’ expectations. CIBC and TD will report earnings on Thursday. Royal Bank of Canada beat expectations as it reported its first-quarter profit rose compared with a year ago, before the start of the pandemic, boosted by record earnings from capital markets as well as growth in personal and commercial banking, wealth management and insurance.RBC says it earned net income of $3.85 billion or $2.66 per diluted share for the quarter ended Jan. 31, up from $3.51 billion or $2.40 per diluted share a year earlier. Canadian Press Laurentian Bank reports $53.1M profit in Q2, beats expectations Canaccord reports record revenues, drops proposal to acquire RF Capital Facebook LinkedIn Twitter Financial accounting business sheet calculator awrangler/123RF Canadian banks to focus on growth, spending and buybacks after strong second quarter Related news Keywords Earnings last_img read more

Employment for older workers on agenda at APEC

first_imgEmployment for older workers on agenda at APEC Griffith University education lecturer Professor Stephen Billett presented to the Asia Pacific Economic Forum on the re-employment of older workers.Older workers may be hit hardest by the financial impact of the COVID pandemic, according to a Griffith University adult education expert.Professor Stephen Billett presented at an Asia Pacific Economic Cooperation (APEC) forum about the re-employment of older workers.His APEC presentation was based on extensive research across Australia and Singapore.“Many of the countries in our region have ageing populations, including Australia,” he said.“The massive disruptions that COVID has had on the labour market have disproportionately impacted older workers, many of whom will not ever work again.“The federal government’s response was to offer wage subsidies for workers between the ages of 16 and 35, which is going to have an obvious impact.”Professor Billett said older women were among those most disadvantaged by the COVID-induced economic recession.“Many of the government aid packages have been directed towards male-dominated work, but COVID has hit female-dominated professions the hardest,” he said.“If you are an older, single woman with reduced levels of superannuation, you can end up impoverished.”Professor Billett is an expert on adult vocational education in the School of Education and Professional Studies.He retrained in mid-life, moving from a career in the fashion and textile industry to a new career in TAFE and later academia.Professor Billett said it was important to challenge negative perceptions that older workers can’t adapt to the challenges of a changing workplace.“We need to value the diverse skills brought by all generations in the workplace,” he said.“There is a perception that older workers cannot learn but evidence contradicts this claim. Many of the qualities we value in employees are found in older workers – from problem solving and punctuality to the ability to work autonomously.”Professor Billett said providing access to continuing education and training was the best way to promote the employability of older workers.“It’s about valuing life-long learning and providing training that respects and engages older workers,” he said. /University Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Asia, Australia, disadvantaged, education, employment, federal government, Government, Griffith, Griffith University, pacific, perception, Singapore, superannuation, TAFE, university, vocational educationlast_img read more

Panel at CU-Boulder to discuss extreme weather and connections to climate change: How unusual were September’s floods?

first_imgCategories:Getting InvolvedScience & TechnologyCampus CommunityNews Headlines Published: Sept. 23, 2013 A panel of science experts will convene at the University of Colorado Boulder on Wednesday, Sept. 25, to discuss weather and climate related to the recent devastating floods.Panelists from several institutions will discuss the unusual weather conditions that caused the floods, the historical context and the potential influence of human-caused climate change on this extreme event. Western Water Assessment (WWA) is convening the panel and also will release a brief preliminary assessment of the severe flooding, including information on weather, water, climate and risk.WWA is a program of the Cooperative Institute for Research in Environmental Sciences (CIRES) at CU-Boulder. CIRES is a joint institute of the National Oceanic and Atmospheric Administration and CU-Boulder.The panel discussion begins at 11 a.m. in the CIRES auditorium, room 338 in the CIRES building, on the CU-Boulder campus and will last about 90 minutes. The event is open to the public but space is extremely limited. The event also will be available via webinar at http://cirescolorado.adobeconnect.com/flood/. Audience members should log in as a “guest” with their name or initials and can ask questions via their computers.Jeff Lukas, senior research associate with WWA, will lead off the discussion with an overview of the weather and climate context of the flood. Other panelists will include: Kelly Mahoney, a CIRES research scientist who works in NOAA’s Earth System Research Laboratory. Mahoney is an expert on Front Range thunderstorms. Klaus Wolter, a CIRES research scientist who works in NOAA’s Earth System Research Laboratory. Wolter is an expert on extreme weather and seasonal weather patterns in the Front Range. He also is a Jamestown resident. Nolan Doesken, state climatologist for Colorado at Colorado State University. Doesken has an encyclopedic knowledge of Colorado’s climate and weather history. Marty Hoerling, research meteorologist with NOAA’s Earth System Research Laboratory. Hoerling is an expert on attribution of climate conditions to weather events.The event will be available via webinar starting at 11 a.m. Sept. 25 at http://cirescolorado.adobeconnect.com/flood/. Audience members should log in as a “guest” with their name or initials and can ask questions via their computers.Contact: Katy Human, CIRES communications, [email protected]center_img Share Share via TwitterShare via FacebookShare via LinkedInShare via E-maillast_img read more

Webinar series to examine COVID-19 research solutions for campus

first_imgShare Share via TwitterShare via FacebookShare via LinkedInShare via E-mail Published: Aug. 3, 2020 The Research & Innovation Office will host three 75-minute webinars Aug. 6–12 featuring some of CU Boulder’s top researchers working side-by-side with the campus’s exceptional operations experts. The series highlights how the most up-to-date research is shaping campus operations during the pandemic. Sessions will include moderated Q&As–an opportunity for audience members to ask questions. Topic areas include:   Aug. 6, noon to 1:15 p.m.: Aerosols; heating, ventilating, and air conditioning, or HVAC systems; buildings and classrooms Aug. 10, 4 to 5:15 p.m.: Epidemiology, monitoring and awareness Aug. 12, noon to 1:15 p.m.: Health assessment, surveillance and testingCan’t make it to the live sessions? Post-webinar recordings are available so you can watch when it’s convenient for you. Categories:Lectures & PresentationsEvents & Exhibitslast_img read more

Wine Institute Applauds United States’ WTO Challenge to British Columbia Wine…

first_img Previous articleCAWG Names Michael Miiller as Director of Government RelationsNext articleNew: DS100+ Service Guarantees 100% Taint-Free Corks Editor Pinterest Home Industry News Releases Wine Institute Applauds United States’ WTO Challenge to British Columbia Wine ProgramIndustry News ReleasesWine BusinessWine Institute Applauds United States’ WTO Challenge to British Columbia Wine ProgramBy Editor – January 18, 2017 35 0 Share AdvertisementWashington DC—Wine Institute, the public policy advocacy group for California wineries, applauds today’s announcement by the U.S. government requesting formal World Trade Organization (WTO) consultations with the Government of Canada to ensure that both imported and British Columbia (B.C.) wines have equal access to B.C. grocery store shelves. On April 1, 2015, B.C. implemented a discriminatory program to offer only B.C. wines in B.C. grocery stores and continues to expand the number of B.C. wine only outlets, effectively banning imported wines from this significant new distribution channel.“Wine Institute appreciates the U.S. government’s actions to resolve this dispute,” said Wine Institute President and CEO Robert P. (Bobby) Koch. “We urge the WTO and the governments involved to reach a fair and equitable solution so that B.C. grocery store consumers can choose from the vast array of the world’s great wines.”“B.C. consumers are among the most knowledgeable and sophisticated purchasers of wine. Any expansion of retail distribution channels should ensure that consumers have convenient access to their preferred wines from around the world,” Koch added.The trade enforcement action announced by United States Trade Representative Michael Froman states, “The discriminatory regulations implemented by British Columbia intentionally undermine free and fair competition, and appear to breach Canada’s commitments as a WTO member.”California is the most popular import table wine category in Canada and in B.C. Canada is the #1 export country for California wines, accounting for $461 million in sales in 2015.Advertisement Email Twitter Linkedin ReddIt Facebook TAGSBritish ColumbiaWine InstituteWTO last_img read more

Car falls from downtown Santa Monica parking garage

first_imgSanta Monica man arrested on federal charges of staging cyberattacks on congressional candidateBeach fire station up for extensionYou Might Also LikeFeaturedNewsBobadilla rejects Santa Monica City Manager positionMatthew Hall6 hours agoNewsCouncil picks new City ManagerBrennon Dixson17 hours agoFeaturedNewsProtesting parents and Snapchat remain in disagreement over child protection policiesClara Harter17 hours agoFeaturedNewsDowntown grocery to become mixed use developmenteditor17 hours agoNewsBruised but unbowed, meme stock investors are back for moreAssociated Press17 hours agoNewsWedding boom is on in the US as vendors scramble to keep upAssociated Press17 hours ago Was it driver error or the way we taught them to brake? Yet another Type 1 or Type 2 right foot pedal error? Happens to drivers of ALL, repeat ALL ages and gender. This is not that complicated. ‘A vehicle did not stop in time’. It does not matter who is at fault. 19 pedestrians and cyclists will die today and we need a solution. Why are those in charge at NHTSA and the Governors Highway Safety Association (GHSA) not wanting to scientifically compare the ‘Killer” right foot braking method with the safer, easier to learn and retain with age, Left Foot Braking Method and either prove it inadequate or adopt it? ‘That’s the way it’s always been taught’, is not a scientific justification. It’s just Tradition and Testosterone. Note: Simply using your left foot to brake is NOT repeat NOT the Left Foot Braking Method. Trevor W. Frith says: Comments are closed. 1 Comment February 23, 2020 at 1:04 PM HomeFeaturedCar falls from downtown Santa Monica parking garage Feb. 23, 2020 at 8:27 amFeaturedNewsCar falls from downtown Santa Monica parking garageMatthew Hall1 year agoaccidentcarcrashDowntownsanta monica placesmfdsmpdThe driver drove his Jeep off Parking Structure 8 early Sunday morning. (SMFD) A car fell from the top floor of a downtown parking garage early Sunday morning.The Santa Monica Police Department said the Jeep drove off the sixth floor of Parking Structure 8, the Santa Monica Place parking structure, near 2nd Street and Colorado Avenue and landed on the sign of a nearby McDonalds. The driver, a 20-year-old man from Twentynine Palms, was taken to a nearby hospital in critical condition and is now recovering in stable condition, said Lt. Joseph Cortez.Cortez said officers are still investigating the cause of the incident and were unable to determine if alcohol or drugs played a factor because the driver was receiving medical treatment.SMPD sent out a warning at about 12:30 a.m. regarding the incident and asked people to stay away from the area. The roads were reopened at about 3:30 a.m.This is the second time a car has broken through the railings in a downtown parking structure.In June of 2018, a car broke through part of the safety cables in Parking Structure 5 and was suspended over 4th Street for about an hour while firefighters worked to secure the vehicle. In that incident, the driver inadvertently pressed the accelerator instead of the brakes sending the car over the edge, however, safety cables kept it from falling onto the street.Some downtown lots are receiving replacement guardrails this year as part on an ongoing maintenance program. Guardrails in Parking Structures 1, 2, 4 and 5 were installed more than 50 years ago and no longer comply with current building code standards, which has narrowed the allowable spacing between railings and barrier cables.City Council will discuss the rail replacement project at its Tuesday meeting.The Santa Monica Police Criminal Investigations Division is handling the investigation into Sunday’s incident. Anyone with information is asked to contact detectives at (310) 458-8941 or the Watch Commander at (310) [email protected] :accidentcarcrashDowntownsanta monica placesmfdsmpdshare on Facebookshare on Twittershow 1 commentlast_img read more