PSM

Choicely: Eurovision Song Contest Built Their New Mobile App With a No Code Platform: “Incredible Flexibility”

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목요일, 5월 2, 2024

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240501446902/en/
    Eurovision Song Contest built their new mobile app with a no code platform.
  • The app was built using Choicely’s no code app platform.
  • The Eurovision app boasts an extensive news feed and media portal, and engagement tools full of interactive fan activations like the Scoreboard.
  • Choicely’s customers include the Eurovision Song Contest, Miss Universe, ITV Studios / Love Island TV Shows, and Iceland's national broadcasting organization RÚV.

Scrum Alliance® Appoints Veteran Transformation Leader Chetna Limbani as Its First Chief Delivery Officer

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목요일, 4월 25, 2024

Scrum Alliance , the largest, most established and influential professional membership and certification organization in the agile community, is proud to announce its first chief delivery officer.

Key Points: 
  • Scrum Alliance , the largest, most established and influential professional membership and certification organization in the agile community, is proud to announce its first chief delivery officer.
  • Chetna Limbani, with 25 years of industry and management consulting experience, will serve in this role.
  • View the full release here: https://www.businesswire.com/news/home/20240425533607/en/
    As SAI’s chief delivery officer, Limbani will lead the successful execution of the nonprofit’s enterprise-wide transformation initiatives.
  • I am confident that she will greatly assist in growing the company's capabilities even further and provide outstanding leadership as the Chief Delivery Officer of Scrum Alliance."

Bowman Welcomes David Stickles, RPLS, PSM, PLS, to Expand Company’s Public Sector Geospatial Portfolio

Retrieved on: 
화요일, 4월 9, 2024

Based out of Bowman’s Plano, TX office, he will focus on securing government and public sector contracts across Bowman’s 90+ locations throughout the United States.

Key Points: 
  • Based out of Bowman’s Plano, TX office, he will focus on securing government and public sector contracts across Bowman’s 90+ locations throughout the United States.
  • “My goal is to build upon Bowman’s reputation to secure its position as a leading service provider in the public sector,” said Stickles.
  • The recent Surdex acquisition adds a service that makes Bowman unique in its ability to provide comprehensive end-to-end solutions at all altitudes and resolutions.
  • “David's appointment holds strategic significance in enhancing Bowman’s reputation as a top-tier geospatial services provider,” said Aaron McMillan, vice president of geospatial at Bowman.

Montrose Environmental Group Acquires ETA and Announces Increase to 2024 Revenue and Consolidated Adjusted EBITDA Outlook

Retrieved on: 
화요일, 4월 2, 2024

“We have partnered with ETA on client projects for many years and are excited to formally bring them into the Montrose family.

Key Points: 
  • “We have partnered with ETA on client projects for many years and are excited to formally bring them into the Montrose family.
  • We believe they will be highly additive to Montrose’s current Environmental, Health, Safety & Security advisory offerings,” said Vijay Manthripragada, President and Chief Executive Officer of Montrose Environmental Group.
  • We’re excited to get started.”
    Montrose Environmental also today announced an increase to its 2024 Revenue and Consolidated Adjusted EBITDA1 outlook.
  • Given the Company’s continued strong organic performance, an improved 2024 outlook, and the impact of recently closed acquisitions, the Company is raising its full year 2024 Revenue and Consolidated Adjusted EBITDA1 guidance.

NewPhotonics Introduces Transmitter-on-Chip PIC with Integrated Equalizer for LPO and LRO Data Center Connectivity

Retrieved on: 
월요일, 3월 25, 2024

SAN DIEGO, Calif. , March 25, 2024 /PRNewswire/ -- NewPhotonics Ltd today introduced its NPG102 second generation photonic integrated circuit with integrated optical equalizer delivering reduced complexity and enhanced link performance for high-throughput optical interconnect. The enhanced transmitter-optimized chip offers breakthrough minimal latency and power performance at 800 GBps and 1.6 TBps for linear receive optics (LRO) and linear drive pluggable optics (LPO) applications in the data center.

Key Points: 
  • The enhanced transmitter-optimized chip offers breakthrough minimal latency and power performance at 800 GBps and 1.6 TBps for linear receive optics (LRO) and linear drive pluggable optics (LPO) applications in the data center.
  • The NewPhotonics NPG102 PIC is an octal and quad parallel single mode (PSM) transmitter for 8x and 4x 200G PAM4 transceivers.
  • The optical equalizer located closest to TP2 facilitates signal dispersion compensation that enables consistent optical link performance and interoperability.
  • "AI continues to drive data center processing needs of large language models (LLMs) ramping requirements for low power and low latency fiber connectivity," said Doron Tal, SVP and GM Optical Connectivity at NewPhotonics.

The impact of regulatory changes on rating behaviour

Retrieved on: 
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.

PSM Partners Recruits Martin Catania to lead Human Resources

Retrieved on: 
월요일, 3월 4, 2024

CHICAGO, March 4, 2024 /PRNewswire/ -- PSM Partners, LLC is pleased to announce the hiring of Martin Catania as the Director of Human Resources.

Key Points: 
  • CHICAGO, March 4, 2024 /PRNewswire/ -- PSM Partners, LLC is pleased to announce the hiring of Martin Catania as the Director of Human Resources.
  • Martin, former President of K2 Services, brings more than 20 years of Managed Services experience, organizational development, and executive leadership to PSM and has deep ties to the Legal Support Community.
  • As Director of Human Resources for PSM, Martin will assume responsibility for maturing the Employee Experience and assisting other PSM leaders in the development of their Practice Areas.
  • Mike Mete, Founder and Managing Partner at PSM Partners, expressed his enthusiasm, stating, "Bringing Martin in is another key component of our commitment to excellence, innovation, and outstanding service.

Graham Halonen Joins PSM Partners, LLC as Practice Manager of Talent Services

Retrieved on: 
수요일, 2월 14, 2024

CHICAGO, Feb. 14, 2024 /PRNewswire/ -- PSM Partners, LLC is delighted to welcome Graham Halonen back to the company as the Practice Manager of its Talent Services division.

Key Points: 
  • CHICAGO, Feb. 14, 2024 /PRNewswire/ -- PSM Partners, LLC is delighted to welcome Graham Halonen back to the company as the Practice Manager of its Talent Services division.
  • His achievements include the successful scaling and sale of a private talent recruiting practice during an entrepreneurial venture.
  • Dave Stolarek, Founder and Managing Partner at PSM Partners, LLC, stated, "At PSM, we pride ourselves on being great consultants.
  • This strategic addition of Graham Halonen to PSM Partners underscores the company's unwavering commitment to excellence, innovation, and delivering outstanding services to its clients.

Synectic Solutions, Inc. Awarded $39M Weapons Integration Logistics Support Contract From NAVAIR NAWCAD

Retrieved on: 
화요일, 2월 13, 2024

The support services contract provides Integrated Product Support program management and logistics support services in acquisition and sustainment for the life cycle of specified weapons systems, System of Systems (SoS), sub-systems, and Support Equipment (SE) for the Product Support Management/Integration (PSMI) department, and the Program Offices associated with PEO U/W and PMA-259.

Key Points: 
  • The support services contract provides Integrated Product Support program management and logistics support services in acquisition and sustainment for the life cycle of specified weapons systems, System of Systems (SoS), sub-systems, and Support Equipment (SE) for the Product Support Management/Integration (PSMI) department, and the Program Offices associated with PEO U/W and PMA-259.
  • These services will support multiple logistics functional leads, including logistics Integration Department, Program Office Product Support Managers (PSM), Assistant Program Manager for Logistics (APML)/Military Lead, respective Platform Principal APMLs, respective IPT Deputy APMLs (DAPMLs), Logistics Element Managers (LEMs), and Fleet staffs (Resident Independent Logistics Support Detachment - RILSD).
  • PSMI supports the NAVAIR acquisition and sustainment process for Naval Aviation weapons systems by providing trained logistics personnel for the execution of NAVAIRs Competency Aligned Organization (CAO) Concept of Operations (CONOPS).
  • This contract holds a potential value of approximately $39 million, starting February 2024 through February 2029.