Becker

Mosaic Flavors Announces Mark Becker as New CEO

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월요일, 3월 25, 2024

Mosaic Flavors proudly announces the appointment of Mark Becker as the Chief Executive Officer (CEO).

Key Points: 
  • Mosaic Flavors proudly announces the appointment of Mark Becker as the Chief Executive Officer (CEO).
  • With over 30 years of hands-on experience in the food ingredient sector, Mark Becker's leadership promises to steer Mosaic Flavors towards new horizons of success.
  • "We are thrilled to welcome Mark Becker to Mosaic Flavors as our new CEO," remarked Jeff Smith of Shore Capital.
  • For more information about Mosaic Flavors and its latest developments, please visit www.mosaicflavors.com or reach out to us via email at [email protected] .

Distinguished Programs Unveils New Executive Lines Team Members

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월요일, 3월 11, 2024

Distinguished Programs (“Distinguished”), a leading national insurance program manager, is pleased to introduce the team of its new Executive Lines business.

Key Points: 
  • Distinguished Programs (“Distinguished”), a leading national insurance program manager, is pleased to introduce the team of its new Executive Lines business.
  • View the full release here: https://www.businesswire.com/news/home/20240311709502/en/
    Distinguished Programs is pleased to introduce the team of its new Executive Lines business.
  • "Our Executive Lines team stands at the forefront of expertise in management liability insurance," says Ryan Becker, President of Distinguished’s Executive Lines business .
  • Completing the team is Maggie Holland, leveraging over 13 years of operational insurance experience to optimize underwriting team performance and ensure operational efficiency within Distinguished Executive Lines.

New Tradition Acquires High-Profile Los Angeles Inventory from Becker Boards

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화요일, 4월 2, 2024

NEW YORK, April 2, 2024 /PRNewswire-PRWeb/ -- New Tradition, a leading out-of-home media company with premium displays in the nation's largest markets, enhances its already prominent Los Angeles, CA billboard footprint with their latest acquisition from Becker Boards.

Key Points: 
  • New Tradition, a leading out-of-home media company with premium displays in the nation's largest markets, enhances its already prominent Los Angeles, CA billboard footprint with their latest acquisition from Becker Boards.
  • NEW YORK, April 2, 2024 /PRNewswire-PRWeb/ -- New Tradition, a leading out-of-home media company with premium displays in the nation's largest markets, enhances its already prominent Los Angeles, CA billboard footprint with their latest acquisition from Becker Boards.
  • "We are proud to announce this acquisition and to introduce the inventory to our clients.
  • Bret Richheimer, COO of New Tradition, stated, "We are proud to announce this acquisition and to introduce the inventory to our clients.

Vyne Honored by Becker's as a Top RCM Company in 2024 for Revolutionizing Healthcare Revenue Cycles

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목요일, 3월 28, 2024

DUNWOODY, Ga., March 28, 2024 /PRNewswire-PRWeb/ -- Vyne®, a company improving the revenue cycles of both medical and dental healthcare providers through high-performing and industry-leading communication and information exchange technology solutions, proudly announces its recognition on Becker's 2024 List of Healthcare Revenue Cycle Management (RCM) Companies to Know. This list highlights the nation's top companies providing cutting-edge solutions to simplify complex and complicated revenue cycle processes.

Key Points: 
  • DUNWOODY, Ga., March 28, 2024 /PRNewswire-PRWeb/ -- Vyne®, a company improving the revenue cycles of both medical and dental healthcare providers through high-performing and industry-leading communication and information exchange technology solutions, proudly announces its recognition on Becker's 2024 List of Healthcare Revenue Cycle Management (RCM) Companies to Know.
  • This list highlights the nation's top companies providing cutting-edge solutions to simplify complex and complicated revenue cycle processes.
  • "Securing our place on Becker's 2024 List of Healthcare RCM Companies to Know validates our mission to enhance revenue cycles in medical and dental healthcare," said Steve Roberts, Chief Executive Officer at Vyne.
  • Visit Becker's Healthcare RCM Companies to Know in 2024 to view the complete list.

Industry Thought Leadership on Display at HIMSS24 Global Conference

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월요일, 3월 11, 2024

ORLANDO, Fla., March 11, 2024 /PRNewswire/ -- FinThrive, Inc., a leading provider of healthcare revenue cycle management software solutions, announces participation in HIMSS24, the healthcare industry's premier event. Attendees can visit Booth #4851, where FinThrive will unveil its latest solutions, complemented by a live C-suite focused podcast, an education session to foster conversations with healthcare professionals, and in-booth demos and discussions.

Key Points: 
  • This data-driven framework is helping healthcare finance leaders benchmark and build strategic roadmaps to optimize and modernize their technology investments.
  • Becker and Clawson will share how RCMTAM is helping to shape transformative revenue cycle management strategies to improve financial performance.
  • Craig Joseph, MD, FAAP, FAMIA, Chief Medical Officer, Nordic Global, discussing where health IT is going beyond 2024, starting with the human connection.
  • To discover more about FinThrive Analyze and other solutions within the FinThrive end-to-end Revenue Cycle Management platform, visit Booth #4851 at the HIMSS24 Global Health Conference & Exhibition, March 11-15 in Orlando, Fla.
    For more information about FinThrive, visit https://finthrive.com .

The impact of regulatory changes on rating behaviour

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화요일, 4월 2, 2024
Długosz, Disagreement, Pi bond, Direct lending, Key, Research Papers in Economics, Finance Secretary (India), University of Oxford, STS, Journal of Economic Perspectives, International, American Economic Review, Life, Columbia Business School, British Academy of Management, Risk assessment, ABS, Rating, EBA, Development, Reputational damage, OBS, CRA, Bond credit rating, Cras, Journal of Monetary Economics, CDO, Becker, Paper, 2007–2008 financial crisis, Raja, University, Environment, Journal of Financial Economics, Perception, H3, Website, Securitization, Working paper, Market, Collection, Total, European Banking Authority, Quarterly Journal of Economics, BBB, Whetten, Column, ESMA, European Journal, Issuer, Asset quality, Information revolution, Federal Reserve Bank, OLS, Statistics, PDF, Private, ECB, Surety, Weighted-average life, CCC, European Commission, Social science, Journal of Financial Stability, JEL, Real, Bias, Journal, Research, Classification, Certification, Commission, Credit, The Journal of Finance, Literature, Karel Škréta, European Central Bank, AA, Finance Research Letters, Origination (telephony), Monetary economics, Section 5, Xia, Kraft Foods, Government, AAA, Mukherjee, Finance, Deku, DOI, White, Risk, IOSCO, MBS, OECD, Wang, Section 4, University Challenge 2013–14, Section 3, Ashcraft, Financial management, Accounting, Financial economics, Fannie Mae, Conference, Pressure, Central bank, Griffin, University of Michigan, Systematic review, EPRS, Freddie Mac, Loan, BCBS, Palgrave Macmillan, R2, Microeconomics, Quarterly Journal, Financial statement analysis, The Japanese Economic Review, Christian Social Union (UK), Green, University of Huddersfield, PSM, Management, Security (finance), Security, Civil service commission, Private placement, American Economic Journal, GFC, Reproduction, IMF, Small business, Trustee, Data

Abstract

Key Points: 
    • Abstract
      We examine rating behaviour after the introduction of new regulations regarding Credit Rating
      Agencies (CRAs) in the European securitisation market.
    • There is empirical evidence of rating catering in the securitisation market in the pre-GFC period (He et al.,
      2012; Efing and Hau, 2015).
    • Competition among
      CRAs could diminish ratings quality (Golan, Parlour, and Rajan, 2011) and promotes rating shopping by
      issuers resulting in rating inflation (Bolton et al., 2012).
    • This paper investigates the impact of the post-GFC regulatory changes in the European
      securitisation market.
    • In 2011, in addition to the creation of
      European Securities and Markets Authority (ESMA), a regulatory and supervisory body for CRAs was
      introduced.
    • We examine how rating behaviours have changed in the European securitisation market after the
      introduction of these new regulations.
    • We utilise the existence of multiple ratings and rating agreements between
      CRAs to identify the existence of rating shopping and rating catering, respectively (Griffin et al., 2013; He
      et al., 2012; 2016).
    • We find that the regulatory changes have been effective in tackling conflicts of interest between issuers
      and CRAs in the structured finance market.
    • Rating catering, which is a direct consequence of issuer and
      CRA collusion, seems to have disappeared after the introduction of these regulations.
    • There is empirical evidence of rating catering in the securitisation market in
      the pre-GFC period (He et al., 2012; Efing and Hau, 2015).
    • Competition among CRAs could diminish ratings quality (Golan, Parlour,
      and Rajan, 2011) and promotes rating shopping by issuers resulting in rating inflation (Bolton et
      al., 2012).
    • This paper investigates the impact of the post-GFC regulatory changes in the European
      securitisation market.
    • In 2011, in addition
      to the creation of European Securities and Markets Authority (ESMA), a regulatory and
      supervisory body for CRAs was introduced.
    • We find that the regulatory changes have been effective in tackling conflicts of interest
      between issuers and CRAs in the structured finance market.
    • Rating catering, which is a direct
      consequence of issuer and CRA collusion, seems to have disappeared after the introduction of
      these regulations.
    • Investors who previously demanded higher spreads for rating agreements for a
      multiple rated tranche, did not consider the effect of rating harmony as a risk in the post-GFC
      period.
    • Regarding rating shopping, we find that the effectiveness of the changes has been limited,
      potentially for two reasons.
    • Additionally, we also find that rating over-reliance might still be an issue, especially
      Rating catering is a broad term and it can involve rating shopping.
    • They re-examine the rating shopping and rating
      catering phenomena in the US market by looking at the post-crisis period between 2009 and 2013.
    • Using 622 CDO tranches, they also observe the existence of rating shopping and the diminishing
      of the rating catering.
    • Firstly, our main focus is the EU?s CRA Regulation and its effectiveness in reducing
      rating inflation and rating over-reliance.
    • To the best of our knowledge, this paper is the first to
      examine the effectiveness of the EU?s CRA regulatory changes on the investors? perception of
      rating inflation in the European ABS market.
    • Hence, the coverage and quality of our dataset constitutes significant addition
      to the literature and allows us to test the rating shopping and rating catering more authoritatively.
    • The following section reviews the literature
      on securitisation concerning CRAs and conflicts of interest, and outlines the regulatory changes
      introduced in the post-GFC period.
    • Firstly, ratings became ever more important as the Securities and
      Exchange Commission (SEC) 5 began heavily relying on CRA assessments for regulatory purposes
      (i.e.
    • the investment mandates that highlight rating agencies as the main benchmark for investment
      eligibility) (SEC, 2008; Kisgen and Strahan, 2010; Bolton et al., 2012).
    • issuers) as one of the main explanations for the rating inflation (He et al., 2011; 2012; Bolton
      et al., 2012; Efing and Hau, 2015).
    • Bolton et al., (2012) demonstrate that competition
      promotes rating shopping by issuers, leading to rating inflation.
    • The last phase, CRA III, was implemented in mid-2013 and involves an additional
      set of measures on reducing transparency and rating over-reliance.
    • As mentioned above, rating inflation can be caused by rating shopping
      In order to be eligible to use the STS classification, main parties (i.e.
    • The higher the difference in the number of ratings for a
      given ABS tranche, the greater the risk of rating shopping.
    • Alternatively, the impact of the new
      regulations could be limited when it comes to reducing rating shopping.
    • This is because, firstly,
      the conflict of interest between securitisation parties is not necessarily the sole cause for the
      occurrence of rating shopping.
    • L is a set of variables (Multiple ratings, CRA reported, Rating agreement) that
      we utilise interchangeably to capture the rating shopping and rating catering behaviour.
    • Hence, issuers are incentivised to report the highest possible rating and
      ensure each additional rating matches the desired level.
    • All in all, our results suggest that
      the new stricter regulatory measures have been effective in tackling conflicts of interest and
      reducing rating inflation caused by rating catering.
    • Self-selection might be a concern in analysing the impact of the
      new measures and investors? response with regard to the rating inflation.
    • This
      result is in line with the earlier findings suggesting that regulatory changes have reduced investors?
      suspicion of rating inflation and increased trust of CRAs.
    • Conclusion
      Several regulatory changes were introduced in Europe following the GFC aimed at tackling
      conflicts of interest between issuers and CRAs in the ABS market.
    • Utilising a sample of 12,469
      ABS issued between 1998 and 2018 in the European market, this paper examined whether these
      changes have had any impact on rating inflations caused by rating shopping and rating catering
      phenomena.
    • We find that the
      effectiveness of the changes has been more limited on rating shopping potentially for two reasons.
    • Tranche Credit Rating is the rating reported for a tranche at launch.

Business as usual: bank climate commitments, lending, and engagement

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화요일, 4월 2, 2024
Smoke, Carbon, Pillar, Worldwide, BPER, Employment, Disclosure, Economic methodology, LEI, Research Papers in Economics, CGD, Ibercaja Banco, Fossil, Mediobanca, Policy, UNEP, Crédit Mutuel, BBVA, Columbia Business School, Pari, Corporate finance, NBER, Principle, Agriculture, Société Générale, Insurance, Allied Irish Banks, Medical classification, Aluminium, Becker, Feedback, Central bank, Triodos Bank, Target, Prosocial behavior, Journal of Financial Economics, European Parliament, MIT, R2, Website, Behavior, Poisson, Human, UN, Climate, Crédit Agricole, United Nations, Transport, Coal mining, Syndicated loan, Investment, ABN AMRO, Politics, BSI, OLS, PDF, ECB, Unemployment, Econometrics, Ambition, Clutch (eggs), IEA, Social science, Engagement, JEL, Climate change, Risk management, Yb, Bias, Abanca, Research, Classification, UniCredit, A.5, NZIA, Divestment, Literature, IPCC, European Central Bank, AA, Geography, Natural gas, Green lending, Metal, The Borrowers, Elasticity, Stanford Social Innovation Review, Steven M. Greer, BMPS, Finance, Risk, Single, CaixaBank, PPML, BNP Paribas, European, Money, NLB Group, La Banque postale, Corporate welfare, Paris Agreement, A.2, ROW, OECD, Fraud, Coal, Frustration, Iron, Commerzbank, Bank of Åland, COP, Comparison, Overalls, All, Temperature, Banca Ifis, Conference, Pressure, Steel, International Energy Agency, United, Alpha Bank, Interest, SSRN, Justice, AAA, Deutsche Bank, Crawford, Science Based Targets initiative, GFANZ, Quarterly Journal, Rabobank, Hirschman, Effect, Carbon Disclosure Project, ESG, MSCI, Support, NZBA, Sierra Club, Map, Taxonomy, Q50, Banco Sabadell, Financial Times, Banco BPM, BPCE, Reproduction, Erste Group, Data, G21, Interval (mathematics), Cardboard

Key Points: 

    AXIS Appoints W. Marston Becker as Chair-Elect of Board of Directors

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    목요일, 2월 29, 2024

    AXIS Capital Holdings Limited ("AXIS Capital") (NYSE: AXS) today announced that W. Marston (Marty) Becker will succeed Henry B. Smith as non-executive Chair of its Board of Directors.

    Key Points: 
    • AXIS Capital Holdings Limited ("AXIS Capital") (NYSE: AXS) today announced that W. Marston (Marty) Becker will succeed Henry B. Smith as non-executive Chair of its Board of Directors.
    • The transition will take place in May of 2024, timed to the Company’s Annual General Meeting.
    • “There is no better individual to succeed me as Chair of the AXIS Board of Directors than Marty Becker.
    • His guidance as Chair will be integral as AXIS takes further steps forward in realizing its ambition to achieve specialty leadership.”
      Mr. Becker, who joined the AXIS Board of Directors in June of 2020, has led a distinguished career in the (re)insurance industry spanning four decades.

    Redeux Energy Launches Corporate Equity Raise; Retains Marathon Capital as Financial Advisor

    Retrieved on: 
    목요일, 3월 7, 2024

    DENVER, March 7, 2024 /PRNewswire/ -- Redeux Energy Partners LLC ("Redeux"), a leading utility-scale solar and energy storage development company, has retained Marathon Capital, LLC ("Marathon Capital") as its exclusive financial advisor to raise corporate-level equity capital.

    Key Points: 
    • DENVER, March 7, 2024 /PRNewswire/ -- Redeux Energy Partners LLC ("Redeux"), a leading utility-scale solar and energy storage development company, has retained Marathon Capital, LLC ("Marathon Capital") as its exclusive financial advisor to raise corporate-level equity capital.
    • The process is targeting investors interested in taking a minority position in the cap table, closing by Q3 2024.
    • Proceeds will be deployed to expand pipeline origination efforts, fund ongoing development for existing pipeline, and continuously improve the platform's capabilities.
    • Shaw Renewable Investments, Community Energy, BayWa r.e., Canadian Solar, and BP Solar to lead Redeux's origination strategy and project portfolio development.

    On Feb 6th, Penn Medicine Becker ENT & Allergy Opens a New Location to Increase Access to Quality Care in Woodbury, NJ

    Retrieved on: 
    수요일, 2월 28, 2024

    WOODBURY, N.J., Feb. 28, 2024 /PRNewswire-PRWeb/ -- Expanding Patient Care: Penn Medicine Becker ENT & Allergy's New Woodbury Facility

    Key Points: 
    • WOODBURY, N.J., Feb. 28, 2024 /PRNewswire-PRWeb/ -- Expanding Patient Care: Penn Medicine Becker ENT & Allergy's New Woodbury Facility
      The new Penn Medicine Becker ENT & Allergy location in Woodbury is part of their ongoing mission to deliver comprehensive care for ear, nose, throat, and allergy issues to more patients.
    • What the New Penn Medicine Becker ENT & Allergy Location Means for Woodbury, NJ
      The opening of the new Becker ENT location in Woodbury is a major boon for the local community.
    • Penn Medicine Becker ENT & Allergy offers a vast array of ENT and allergy services .
    • Contacting Penn Medicine Becker ENT & Allergy for Care in Woodbury, NJ
      To experience the quality and personalized care that Penn Medicine Becker ENT & Allergy offers, residents of Woodbury, NJ, and surrounding areas can schedule an appointment.