Systemic risk

Quantifying financial stability risks for monetary policy

Retrieved on: 
Saturday, February 3, 2024
Federal Reserve, Policy, HICP, Central bank, Federal, Probability, QVAR, Great, Fahr, Composite, VAR, Risk, SMA, Credit, European Central Bank, Aarhus University, Chart, Journal of Applied Econometrics, SRI, Systemic risk, Tail, CISS, Vulnerable, American Economic Review, NBER, Growth, Journal, Risk management, ECB, GDP, Risk register, Cryptocurrency

They could rapidly tighten monetary policy at the risk of fuelling financial distress after years of ultra-low interest rates and balance sheet expansion.

Key Points: 
  • They could rapidly tighten monetary policy at the risk of fuelling financial distress after years of ultra-low interest rates and balance sheet expansion.
  • Quantifying financial stability trade-offs therefore requires a way to gauge the three-way interaction between monetary policy, financial stability conditions and tail risks to the economy.

R&T Deposit Solutions appoints Jason Mull as CRO & CISO

Retrieved on: 
Thursday, January 18, 2024
Risk, CISO, Analysis, ARC, Systemic risk, Safety, Risk management, CLS Group, Management

NEW YORK, Jan. 18, 2024 /PRNewswire/ -- R&T Deposit Solutions ("R&T"), a leading provider of tech-enabled liquidity management, deposit funding, and securities-based lending programs, announced today that it has appointed financial services security veteran Jason Mull as Executive Vice President, Chief Risk Officer (CRO) & Chief Information Security Officer (CISO).

Key Points: 
  • NEW YORK, Jan. 18, 2024 /PRNewswire/ -- R&T Deposit Solutions ("R&T"), a leading provider of tech-enabled liquidity management, deposit funding, and securities-based lending programs, announced today that it has appointed financial services security veteran Jason Mull as Executive Vice President, Chief Risk Officer (CRO) & Chief Information Security Officer (CISO).
  • In this role, Mr. Mull will lead the firm's Risk Division and information security program, where he will play a crucial role ensuring the safety and soundness of R&T.
  • Mr. Mull served as Chief Information Security Officer, overseeing the cyber and information security functions.
  • Additionally, Mr. Mull was instrumental in helping to drive the organization forward on cyber resilience.

The Value Reporting Foundation Publishes Integrated Thinking Principles and Updated SASB Standards for Three Industries

Retrieved on: 
Monday, December 6, 2021
Standard, CEO, IFRS Foundation, Foundation, ABN AMRO, ABN, Asset management, Industry, Decision-making, International Sustainability Alliance, Systemic risk, ISSB, GLOBE, AMRO, Principle, Value, Waste management, Feedback, Metal, Life, Integration, Risk management, Management

As we prepare for this consolidation, we continue to advance work on our three key resources: the Integrated Thinking Principles, Integrated Reporting Framework and SASB Standards.

Key Points: 
  • As we prepare for this consolidation, we continue to advance work on our three key resources: the Integrated Thinking Principles, Integrated Reporting Framework and SASB Standards.
  • The Value Reporting Foundations prototype Integrated Thinking Principles (Principles) are designed to be embedded into an organizations business model and applied across key activities overseen by the board and managed by the senior leadership team.
  • Following a rigorous due process involving industry consultation, public comment period and approval by the SASB Standards Board, the Value Reporting Foundation also announced updates to three industry Standards.
  • The resources including Integrated Thinking Principles, the Integrated Reporting Framework and SASB Standards are already adopted in over 70 countries.

Fidelity D & D Bancorp, Inc. Announces Retirement of Director Mary E. McDonald

Retrieved on: 
Friday, September 3, 2021
Financial services, Finance, Money, United States federal banking legislation, Systemic risk, Great Recession in the United States, Bank, Economic history of Italy, Dodd–Frank Wall Street Reform and Consumer Protection Act, Asset and liability management, Federal Reserve, U.S. Bancorp

DUNMORE, Pa., Sept. 03, 2021 (GLOBE NEWSWIRE) -- Fidelity D & D Bancorp, Inc. (NASDAQ: FDBC) (Fidelity), the parent bank holding company of The Fidelity Deposit and Discount Bank (Fidelity Bank), a Pennsylvania state-chartered, FDIC-insured community bank and trust company headquartered in Dunmore, PA, announces the retirement of Mary E. McDonald, Assistant Secretary, as a Director effective today.

Key Points: 
  • DUNMORE, Pa., Sept. 03, 2021 (GLOBE NEWSWIRE) -- Fidelity D & D Bancorp, Inc. (NASDAQ: FDBC) (Fidelity), the parent bank holding company of The Fidelity Deposit and Discount Bank (Fidelity Bank), a Pennsylvania state-chartered, FDIC-insured community bank and trust company headquartered in Dunmore, PA, announces the retirement of Mary E. McDonald, Assistant Secretary, as a Director effective today.
  • Ms. McDonald has been a Director of the Company and member of the Banks Board of Directors since 2000.
  • Fidelity Bank President and Chief Executive Officer, Daniel J. Santaniello added, We are grateful to have had the opportunity to work alongside Mary for so long.
  • About Fidelity D & D Bancorp, Inc.
    Fidelity D & D Bancorp, Inc. has built a strong history as trusted financial advisor to the clients served by The Fidelity Deposit and Discount Bank (Fidelity Bank).

ESMA publishes data for the systematic internaliser calculations

Retrieved on: 
Tuesday, August 3, 2021
Money, Financial markets, Economy, Finance, Financial regulation, Systemic risk, Directive 2014/65/EU, European Union, European Securities and Markets Authority, Securities market, Financial Instruments Reference Database System, Approved Publication Arrangement

30 July 2021

Key Points: 
  • 30 July 2021

    MiFID - Secondary Markets

    The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, has published today data for the systematic internaliser quarterly calculations for equity, equity-like instruments, bonds and for other non-equity instrumentsunder MiFID IIand MiFIR.

  • The data which is published on a voluntary basis covers the total number of trades and total volume over the periodJanuary to June 2021for the purpose of the systematic internaliser (SI) calculations under MiFID II for:

    The SI test shall be performed by 15 August 2021.

  • The data publications also incorporate OTC trading to the extent it has been reported to ESMA.
  • The publication includes data for instruments traded or available for trading during the reference period considered.

BNG Bank update: results European stress test 2021

Retrieved on: 
Friday, July 30, 2021
Bank regulation, Systemic risk, Risk analysis, Stress test, BNG, Stress, European Union bank stress test

BNG Bank notes the announcements made today by the EBA on the EU-wide stress test and acknowledges the outcomes of this exercise.

Key Points: 
  • BNG Bank notes the announcements made today by the EBA on the EU-wide stress test and acknowledges the outcomes of this exercise.
  • The stress test leads for BNG Bank under the baseline scenario to a CET1 ratio of 33.7% at year-end 2020.
  • In contrast to previous years, the stress test methodology entailed also for BNG Bank stress results related to net trading income.
  • In the opinion of BNG Bank this is unjustified because the bank does not have a trading book.

DGAP-News: Commerzbank demonstrates resilience in EBA stress test

Retrieved on: 
Friday, July 30, 2021
Articles, Risk analysis, Branches of biology, Bank regulation, Stress test, Systemic risk, Psychological resilience, Stress, Psychological stress, Self, European Union bank stress test

- Chief Risk Officer Marcus Chromik: "The stress test result once again confirms Commerzbank's healthy risk profile"

Key Points: 
  • - Chief Risk Officer Marcus Chromik: "The stress test result once again confirms Commerzbank's healthy risk profile"
    Commerzbank has again demonstrated its resilience in this year's stress test conducted by the European Banking Authority (EBA).
  • In the adverse stress test scenario, the common equity tier 1 ratio (CET 1 ratio) came out at 8.2% at the end of the 2023 stress test horizon.
  • We've demonstrated our resilience in a very tough stress scenario despite a difficult starting point in the pandemic environment," said Marcus Chromik, Chief Risk Officer.
  • The stress test assumed a static balance sheet and therefore did not take account of any current or future business strategies or management initiatives.

Commerzbank demonstrates resilience in EBA stress test

Retrieved on: 
Friday, July 30, 2021
Articles, Risk analysis, Branches of biology, Bank regulation, Stress test, Systemic risk, Psychological resilience, Stress, Psychological stress, Self, European Union bank stress test

- Chief Risk Officer Marcus Chromik: "The stress test result once again confirms Commerzbank's healthy risk profile"

Key Points: 
  • - Chief Risk Officer Marcus Chromik: "The stress test result once again confirms Commerzbank's healthy risk profile"
    Commerzbank has again demonstrated its resilience in this year's stress test conducted by the European Banking Authority (EBA).
  • In the adverse stress test scenario, the common equity tier 1 ratio (CET 1 ratio) came out at 8.2% at the end of the 2023 stress test horizon.
  • We've demonstrated our resilience in a very tough stress scenario despite a difficult starting point in the pandemic environment," said Marcus Chromik, Chief Risk Officer.
  • The stress test assumed a static balance sheet and therefore did not take account of any current or future business strategies or management initiatives.

Federal Home Loan Bank of Indianapolis Declares Dividends, Reports Earnings

Retrieved on: 
Thursday, July 29, 2021
Finance, Economy, Money, Bank, Economic history of Italy, Systemic risk, Bank regulation in the United States, Asset and liability management

Advances outstanding at June30, 2021, at carrying value, totaled $27.6 billion, a net decrease of $3.7 billion, or 12%, from December31, 2020.

Key Points: 
  • Advances outstanding at June30, 2021, at carrying value, totaled $27.6 billion, a net decrease of $3.7 billion, or 12%, from December31, 2020.
  • The liquidity portfolio at June30, 2021 totaled $13.1 billion, a net increase of $2.4 billion, or 22%, from December31, 2020.
  • The Bank's liquidity portfolio consists of cash, interest-bearing deposits, securities purchased under agreements to resell, federal funds sold and U.S. Treasury securities.
  • The Bank's regulatory capital-to-assets ratio10 at June30, 2021 was 5.77%, which exceeds all applicable regulatory capital requirements.

Bright Scholar Announces Note Repurchase Program

Retrieved on: 
Wednesday, July 28, 2021
Systemic risk, Financial economics, Subprime mortgage crisis

"We are pleased that the Board has authorized this program as our debt represents a very attractive investment opportunity," said Jerry He, Executive Vice Chairman of Bright Scholar.

Key Points: 
  • "We are pleased that the Board has authorized this program as our debt represents a very attractive investment opportunity," said Jerry He, Executive Vice Chairman of Bright Scholar.
  • We will leverage therepurchase program to optimize our debt structure while maintaining liquidity to support our long-term business growth."
  • Under the program, Bright Scholar may purchase debt from time to time in compliance with regulations and other legal requirements, and subject to market conditions and other factors.
  • The repurchase program does not hold any specific limitations and may be suspended or terminated at any time.