Systemic risk

Regions Financial Corp. Receives Results of Voluntary 2021 Stress Test

Retrieved on: 
Monday, June 28, 2021

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.

American Aires Corporate Update

Retrieved on: 
Thursday, June 24, 2021

Such forward-looking information reflects management's current beliefs and is based on information currently available to management.

Key Points: 
  • Such forward-looking information reflects management's current beliefs and is based on information currently available to management.
  • The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.
  • Not intended for distribution to United States Newswire Services or for dissemination in the United States.
  • Any failure to comply with this restriction may constitute a violation of United States Securities laws.

Highlights - Public Hearing with Christine Lagarde, Chair of the ESRB - Committee on Economic and Monetary Affairs

Retrieved on: 
Thursday, June 24, 2021

Public Hearing with Christine Lagarde, Chair of the ESRB

Key Points: 
  • Public Hearing with Christine Lagarde, Chair of the ESRB
    Public Hearing with Christine Lagarde, Chair of the ESRB
    On 1 July, from 09:00 to 10:00, the ECON Committee will hold a public hearing with Christine Lagarde in her capacity of Chair of the European Systemic Risk Board.
  • The ESRB has been working on measures to avoid financial instability in the pandemic, as well as other issues in particular stability risks outside the banking system and the risks of mass insolvencies as pandemic support is withdrawn.

AM Best Affirms Credit Ratings of AMERISAFE, Inc. and Its Operating Subsidiaries

Retrieved on: 
Thursday, June 24, 2021

The outlook of these Credit Ratings (ratings) is stable.

Key Points: 
  • The outlook of these Credit Ratings (ratings) is stable.
  • The ratings reflect AMERISAFE Insurance Groups balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .

Greater Commercial Lending Extended The Most In PPP Loans Of Any Credit Union Entity In The U.S.

Retrieved on: 
Wednesday, June 23, 2021

That represents the largest PPP sum from any U.S. credit union or credit union subsidiary, according to data published by Credit Union Times.

Key Points: 
  • That represents the largest PPP sum from any U.S. credit union or credit union subsidiary, according to data published by Credit Union Times.
  • "Our core objective at Greater Commercial Lending is to help businesses and organizations in under-served and rural communities and to enhance quality of life.
  • "Throughout the PPP initiative, the partnership between Greater Commercial Lending and its parent company, Greater Nevada Credit Union, demonstrated the true power of passion-driven collaboration.
  • GNCU's subsidiaries include Greater Commercial Lending , Greater Nevada Mortgage , and Greater Nevada Insurance .

Red Light Holland Provides Initial FAQ in connection with Transaction with Creso Pharma

Retrieved on: 
Monday, June 21, 2021

This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation and Australian law.

Key Points: 
  • This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation and Australian law.
  • In respect of the forward-looking information concerning the anticipated benefits and completion of the transaction and the anticipated timing for completion of the transaction, Red Light Holland has provided such information in reliance on certain assumptions that they believe are reasonable at this time.
  • Although Red Light Holland has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended.
  • To view the source version of this press release, please visit https://www.newsfilecorp.com/release/88136

OSFI increases Domestic Stability Buffer to 2.50%

Retrieved on: 
Thursday, June 17, 2021

OTTAWA, ON, June 17, 2021 /CNW/ -Today, OSFI announced that the Domestic Stability Buffer (DSB)a policy tool that helps ensure the stability of Canada's financial systemwill be set at 2.50% of total risk-weighted assets.

Key Points: 
  • OTTAWA, ON, June 17, 2021 /CNW/ -Today, OSFI announced that the Domestic Stability Buffer (DSB)a policy tool that helps ensure the stability of Canada's financial systemwill be set at 2.50% of total risk-weighted assets.
  • This lower DSB level provided capacity for Canada's Domestic Systemically Important Banks (D-SIBs) to absorb potential losses and continue to supply credit to the economy.
  • OSFI reviews and sets the DSB level every June and December, but can make changes at other times as circumstances warrant.
  • The level of the Domestic Stability Buffer ranges from 0% to 2.5% of D-SIBs' total risk-weighted assets.

ESMA publishes its 2020 Annual Report

Retrieved on: 
Wednesday, June 16, 2021

The Report provides an overview of the work carried out by ESMA in 2020, following the entry into force of the revised ESMA Regulation and the amendments to the European Market Infrastructure Regulation (EMIR 2.2), updating ESMA's governance and introducing new mandates for the organisation, which are shifting ESMA's focus towards supervisory convergence.

Key Points: 
  • The Report provides an overview of the work carried out by ESMA in 2020, following the entry into force of the revised ESMA Regulation and the amendments to the European Market Infrastructure Regulation (EMIR 2.2), updating ESMA's governance and introducing new mandates for the organisation, which are shifting ESMA's focus towards supervisory convergence.
  • In addition to fulfilling its mandates, ESMA had to respond to the combined effects on financial marketsof the COVID19 pandemic and the United Kingdoms withdrawal from the European Union.
  • Anneli Tuominen, Interim Chair, said:

    The past year has been a challenging and transformative year for ESMA.

  • Natasha Cazenave, Executive Director, said:

    In 2020, ESMA continued to produce high-quality work in delivering its Work Programme to support its mission and objectives.

Ochre Bio Closes $9.6M Seed Financing Led by Khosla Ventures

Retrieved on: 
Wednesday, June 16, 2021

Ochre Bio , a biotech company developing RNA medicines for chronic liver diseases, today announced the closing of a $9.6M seed financing round led by Khosla Ventures, with participation from Backed VC, Apollo Health Ventures, Selvedge, Hoxton and Hermes-Epitek.

Key Points: 
  • Ochre Bio , a biotech company developing RNA medicines for chronic liver diseases, today announced the closing of a $9.6M seed financing round led by Khosla Ventures, with participation from Backed VC, Apollo Health Ventures, Selvedge, Hoxton and Hermes-Epitek.
  • In addition to deep phenotyping of human livers, Ochre Bio is able to test therapeutics in explanted livers being maintained extracorporeally.
  • This financing will allow us to advance development of our therapeutic platform, as well as move products toward clinical development, said Jack OMeara, CEO & Co-Founder, Ochre Bio.
  • Ochre Bio is a biotechnology company developing RNA medicines for chronic liver diseases, a top ten global killer.

ESMA publishes its 2020 Annual Report

Retrieved on: 
Wednesday, June 16, 2021

The Report provides an overview of the work carried out by ESMA in 2020, following the entry into force of the revised ESMA Regulation and the amendments to the European Market Infrastructure Regulation (EMIR 2.2), updating ESMA's governance and introducing new mandates for the organisation, which are shifting ESMA's focus towards supervisory convergence.

Key Points: 
  • The Report provides an overview of the work carried out by ESMA in 2020, following the entry into force of the revised ESMA Regulation and the amendments to the European Market Infrastructure Regulation (EMIR 2.2), updating ESMA's governance and introducing new mandates for the organisation, which are shifting ESMA's focus towards supervisory convergence.
  • In addition to fulfilling its mandates, ESMA had to respond to the combined effects on financial marketsof the COVID19 pandemic and the United Kingdoms withdrawal from the European Union.
  • Anneli Tuominen, Interim Chair, said:

    The past year has been a challenging and transformative year for ESMA.

  • Natasha Cazenave, Executive Director, said:

    In 2020, ESMA continued to produce high-quality work in delivering its Work Programme to support its mission and objectives.