Bank regulation

KBRA Releases Research – CMBS Loss Compendium Update: June 2021

Retrieved on: 
Monday, July 12, 2021
Banking, Other Professional Services, Professional services, Finance, Finance, Money, Economy, Bank regulation, Commercial mortgage-backed security, Mortgage-backed security, Structured finance, KBRA, Electrical conduit, Exposure at default, Asset-backed commercial paper program, Conduit

Kroll Bond Rating Agency (KBRA) releases the June 2021 issue of KBRA CMBS Loss Compendium, which provides base loss estimates for all KBRA-rated conduit transactions.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) releases the June 2021 issue of KBRA CMBS Loss Compendium, which provides base loss estimates for all KBRA-rated conduit transactions.
  • In this report and its accompanying spreadsheet, we provide insight into loss estimates for all 279 KBRA-rated conduit transactions, 120 of which have been reviewed since the December 2020 edition of this publication.
  • The compendium uses the following two metrics to present the loss figures: KBRA Lifetime Base Loss (KLBL), which represents our loss estimate for each transaction during its lifetime as a percent of its original balance; and KBRA Future Base Loss (KFBL), which represents potential future losses as a percent of outstanding deal balance as of the most recent rating action date.
  • As of June 2021, the average KLBL and average KFBL for the entire population are 5.0% and 5.4%, respectively, which increased from 4.5% and 4.9%, respectively, in December 2020.

EBA publishes its final revised Guidelines on sound remuneration policies

Retrieved on: 
Friday, July 2, 2021
Financial services, Capital requirement, Bank regulation, European Union, Finance, European Union directives, Capital Requirements Directives, European Banking Authority, Gender neutrality

02 July 2021

Key Points: 
  • 02 July 2021

    The European Banking Authority (EBA) published today its revised Guidelines on sound remuneration policies.

  • This update takes into account the amendments introduced by the fifth Capital Requirements Directive (CRD V) in relation to institutions sound remuneration policies and, in particular, the requirement that remuneration policies should be gender neutral.
  • In this context, the final revised Guidelines specify further that institutions should implement a gender-neutral remuneration policy.
  • The EBA will follow up on institutions practices with a report to be published within two year after the publication of the final Guidelines.

EBA confirms quality of unsolicited credit assessments

Retrieved on: 
Thursday, July 1, 2021
Finance, Financial services, Money, ECAI, Bank regulation, Capital requirement, Credit rating agencies, European Banking Authority, Capital Requirements Regulation, CRR

01 July 2021

Key Points: 
  • 01 July 2021

    The European Banking Authority (EBA) published today a revised Decision confirming the quality of unsolicited credit assessments assigned by certain External Credit Assessment Institutions (ECAIs) for calculating institutions' capital requirements.

  • Institutions may use unsolicited credit assessments of an ECAI for determining their capital requirements only if the EBA has confirmed that those unsolicited ratings do not differ in quality from solicited ratings of that same ECAI.
  • Legal basis and background

    The EBA Decision has been developed on the basis of Article 138 of Regulation (EU) No 575/2013 (Capital Requirements Regulation CRR), which establishes that institutions may use unsolicited credit assessments of an ECAI for the determination of capital requirements only if the EBA has confirmed that those unsolicited ratings do not differ in quality from solicited ratings of that ECAI.

  • On 17 May 2016, the EBA issued a Decision allowing the use of unsolicited credit assessments for 22 ECAIs in the context of the Capital Requirements Regulation (CRR).

Regions Financial Corp. Receives Results of Voluntary 2021 Stress Test

Retrieved on: 
Monday, June 28, 2021
Banking, Other Professional Services, Professional services, Finance, Articles, Systemic risk, Bank regulation in the United States, Bank regulation, Economy, Dividend, Shareholders, Board of directors, Federal Reserve, Stress test

The Federal Reserve has communicated to Regions Financial Corp. (NYSE:RF) that the company exceeded all minimum capital levels under the Federal Reserves Supervisory Stress Test.

Key Points: 
  • The Federal Reserve has communicated to Regions Financial Corp. (NYSE:RF) that the company exceeded all minimum capital levels under the Federal Reserves Supervisory Stress Test.
  • Regions voluntarily participated in the 2021 test as an opportunity to both measure and demonstrate the strength of Regions balance sheet and capital base.
  • Participating in this years stress test provided a meaningful opportunity to demonstrate our prudent approach to risk management.
  • Additionally, Regions Board of Directors will consider an increase in Regions quarterly common stock dividend, effective for the third quarter of 2021, at the Boards regularly scheduled meeting in July 2021.

New Cadence Report Reveals Majority of Consumers Believe Hyperconnectivity Will Positively Impact Their Lives

Retrieved on: 
Monday, June 28, 2021
Hardware, Semiconductor, Automotive Manufacturing, Electronic design automation, Manufacturing, Consumer electronics, Other Health, Technology, Other Automotive, Telecommunications, Automotive, Software, Networks, Health, Mobile, Wireless, Engineering, Bank regulation, Capital requirement, Computing, Technology, Finance, Cadence Design Systems, Hyperscale computing, Hyperconnectivity, Capital Requirements Directives, Capital Requirements Regulation, Cadence

A majority of consumers believe hyperconnectivity driven by hyperscale computing will positively impact them within five years, according to a new report from Cadence Design Systems, Inc. (Nasdaq: CDNS).

Key Points: 
  • A majority of consumers believe hyperconnectivity driven by hyperscale computing will positively impact them within five years, according to a new report from Cadence Design Systems, Inc. (Nasdaq: CDNS).
  • Cadence commissioned the survey to determine consumer awareness and impressions of hyperconnectivity and hyperscale computing and their impact on peoples lives.
  • View the full release here: https://www.businesswire.com/news/home/20210628005021/en/
    With hyperconnectivity impacting important areas of our lives like mobile phones/communication, 62% of people believe hyperscale computing will have a positive impact over the next five years.
  • Cadence, the Cadence logo and the other Cadence marks found at www.cadence.com/go/trademarks are trademarks or registered trademarks of Cadence Design Systems, Inc. All other trademarks are the property of their respective owners.

EBA announces timing for publication of 2021 EU-wide stress test results

Retrieved on: 
Monday, June 28, 2021
European Union, Organizations, Eurozone, Articles, Bank regulation, European Banking Authority, La Défense, Stress test, European Central Bank, EBA, Bank, European Union bank stress test

The European Banking Authority (EBA) announced today that individual results for the banks participating in the 2021 EU-wide stress test, along with a report summarising the results in aggregate terms, will be published on Friday 30 July 2021 at 18:00 Central European Summer Time (CEST).

Key Points: 

The European Banking Authority (EBA) announced today that individual results for the banks participating in the 2021 EU-wide stress test, along with a report summarising the results in aggregate terms, will be published on Friday 30 July 2021 at 18:00 Central European Summer Time (CEST).

FV Bank Selects Fireblocks as Infrastructure Partner for Digital Asset Custody Services

Retrieved on: 
Saturday, June 26, 2021
Bank regulation, Banking license, Bank, Online banking, Economy

FV Bank will be leveraging Fireblocks unique MPC-based wallet and network infrastructure to support the introduction of its digital asset custody services which will seamlessly be integrated within FV Banks online banking for its international customers.

Key Points: 
  • FV Bank will be leveraging Fireblocks unique MPC-based wallet and network infrastructure to support the introduction of its digital asset custody services which will seamlessly be integrated within FV Banks online banking for its international customers.
  • FV Bank is the one of the few banks which has a banking license and digital asset custody licenses which will enable FV Bank to offer new services inside a vertically integrated and regulated bank service offering.
  • FV Bank International Inc. (FV Bank) is licensed by the Office of the Commissioner of Financial Institutions (OCIF) with license number IFE-063.
  • FV Bank is redefining international digital banking by seamlessly integrating traditional banking services with digital asset management.

Flushing Financial Corporation Announces Investor Presentation For The Stockbroker Club With John R. Buran

Retrieved on: 
Monday, June 21, 2021
Bank regulation, Deposit insurance, Federal Deposit Insurance Corporation, Bank, Finance, Government, Service industries

UNIONDALE, N.Y., June 21, 2021 (GLOBE NEWSWIRE) -- John R. Buran, President and Chief Executive Officer presented to The Stockbroker Club via webcast providing an overview of Flushing Financial Corporations business model and strategies on June 18, 2021.

Key Points: 
  • UNIONDALE, N.Y., June 21, 2021 (GLOBE NEWSWIRE) -- John R. Buran, President and Chief Executive Officer presented to The Stockbroker Club via webcast providing an overview of Flushing Financial Corporations business model and strategies on June 18, 2021.
  • A video of the presentation and the transcript are available in the investor relations section of our website at www.flushingbank.com .
  • FLUSHING FINANCIAL CORPORATION (Nasdaq: FFIC) is the holding company for Flushing Bank, a New York State-chartered commercial bank insured by the Federal Deposit Insurance Corporation.
  • Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements.

Oracle Named a Leader in Anti-Money Laundering and Know Your Customer in Quadrant Knowledge Solutions' Reports

Retrieved on: 
Tuesday, June 22, 2021
Computing, Computer companies, Technology, Banking in India, Bank regulation, Know your customer, Oracle Corporation, Money laundering, KYC, Oracle Cloud, Kyckr

The Quadrant Knowledge Solutions in its proprietary SPARK Matrixevaluated more than 15 technology vendors in a competitive assessment against key dimensions of functionality, customer impact, investments, and innovation.

Key Points: 
  • The Quadrant Knowledge Solutions in its proprietary SPARK Matrixevaluated more than 15 technology vendors in a competitive assessment against key dimensions of functionality, customer impact, investments, and innovation.
  • In the SPARK Matrix: Anti-Money Laundering (AML) Solution, 2021 report, Oracle Financial Services Anti Money Laundering is named a Leader, ranking above all of the vendors in Customer Impact.
  • In the SPARK Matrix: Know Your Customer (KYC) Solution, 2021 report, Oracle Financial Services Know Your Customer is again named a Leader.
  • Oracle offerssuitesof integrated applications plus secure, autonomous infrastructure in the Oracle Cloud.For more information about Oracle (NYSE: ORCL), please visit us at oracle.com .

Oracle Named a Leader in Anti-Money Laundering and Know Your Customer in Quadrant Knowledge Solutions' Reports

Retrieved on: 
Tuesday, June 22, 2021
Computing, Computer companies, Technology, Banking in India, Bank regulation, Know your customer, Oracle Corporation, Money laundering, KYC, Oracle Cloud, Kyckr

The Quadrant Knowledge Solutions in its proprietary SPARK Matrixevaluated more than 15 technology vendors in a competitive assessment against key dimensions of functionality, customer impact, investments, and innovation.

Key Points: 
  • The Quadrant Knowledge Solutions in its proprietary SPARK Matrixevaluated more than 15 technology vendors in a competitive assessment against key dimensions of functionality, customer impact, investments, and innovation.
  • In the SPARK Matrix: Anti-Money Laundering (AML) Solution, 2021 report, Oracle Financial Services Anti Money Laundering is named a Leader, ranking above all of the vendors in Customer Impact.
  • In the SPARK Matrix: Know Your Customer (KYC) Solution, 2021 report, Oracle Financial Services Know Your Customer is again named a Leader.
  • Oracle offerssuitesof integrated applications plus secure, autonomous infrastructure in the Oracle Cloud.For more information about Oracle (NYSE: ORCL), please visit us at oracle.com .