Sentences with phrase «of these financial institutions as»

Disintermediation: The nonuse of financial institutions as intermediaries between savers and the users of funds.

4) Eric Rosengren, president of the Federal Reserve Bank of Boston, comments on the difficulties involved in effective regulation of financial institutions as a lender of last resort.

If you're affiliated with the military, it may be in your best interest to consider one of these financial institutions as your next place to bank.

He has a strong reputation for structuring and negotiating complex mergers and acquisitions, including acquisitions of financial institutions as well as leveraged and international transactions.

The committee had suggested including in the bill the definition of financial institutions as per the Companies Act as the definition covers the Life Insurance Corporation.

Not exact matches

According to Jerome Katz, the Coleman Professor in Entrepreneurship at Saint Louis University's John Cook School of Business, the biggest challenge with incorporating as a benefit corporation is in developing credit with banks and financial institutions.

But in recent years, as the Bank of Canada held interest rates to historically low levels and consumer debt skyrocketed, the federal government tightened mortgage restrictions on regulated financial institutions, including HCG.

When choosing a lender, you should consider financial institutions that have demonstrated a commitment and track record of working with women - owned businesses as well as a lender who may have implemented lending goals or programs focused on women - owned businesses.

This year I expect to see an explosion of innovation in the financial technology space, as banks and other financial institutions decide to do more with the volumes of data at their disposal.

The banking system has been weak for years as most institutions have failed to deal with the high level of bad debt in the wake of the financial crisis.

«As interest rates begin to rise over time, financial institutions will find it necessary to pass along their increased costs in the overall cost of credit to small business and commercial customers.»

In addition to the difficulty that many potential business owners face in accessing capital, aboriginal people have unique challenges to securing financing including legislation prohibiting the use of on - reserve assets as collateral, lack of local financial institutions to work with, and lack of access to angel investment or venture capital.

Developmental lending as practiced by IBC involves providing financial services (primarily loans) to aboriginal people who, for a variety of cultural and / or financial reasons, are alienated by mainstream lending institutions; approving loan applications on the basis of typical financial considerations while taking into account the potential for positive social or community outcomes; and evaluating social outcomes resulting from the loan portfolio over the long term.

Waller told CNBC financial institutions in Colorado would like to service the legal marijuana industry in that state, but she does not know of a single one that changed its position as a result of the federal memos released last week.

As the recovery effort picks up its pace and the needs are identified, the financial institution will allocate the rest of this amount plus employee pledges and what the company matches against those pledges.

Last week, I spoke to bank directors in Dallas, Texas, about banking governance best practices as a result of a review that I had conducted for the Office of the Superintendent of Financial Institutions.

From 2002 — 2005, Tercan served as senior manager at Deloitte Turkey, participating in the audit and due diligence projects of the biggest financial and industrial institutions in that country.

Much of the company's revenue is coming from licensing the technology to big customers such as Salesforce and Hootsuite, although consumer brands, financial institutions and PR agencies are also subscribing to its $ 99 - a-month direct service.

Solving the issue of trust comes at the expense of convenience and scalability, as the process of picking random validators so that the network can verify transactions instead of financial institutions, «takes time, is expensive, and consumes tremendous amounts of energy,» Martin said.

The complaints were filed by such transparently named financial institutions as HSBC Bank USA, and EMC Mortgage Corporation, and BAC Home Loans Servicing, L.P., and LSF6 Mercury REO Investments Trust Series 2008 - 1, and Citibank, N.A., as Trustee for the Holders of Bear Stearns Alt - A Trust 2006 - 6 Mortgage Passthrough Certificates Series 2006 - 6, and Deutsche Bank Trust Company Americas f / k / a Banker's Trust Company, as Trustee and Custodian for IXIS 2006 - HE3 by: Saxon Mortgage Services, Inc. f / k / a Meritech Mortgage Services...

The hire is another coup for Coinbase, which has rapidly been building out its executive team as the more than 5 - year - old startup, now worth over $ 1 billion, attempts to fortify its reputation as one of few professional financial institutions catering to Bitcoin investors.

Financial institutions such as Nomura Securities Co, SBI Securities Co, the Bank of Tokyo - Mitsubishi UFJ, and Sumitomo Mitsui Banking Corp now offer private pension plans and could benefit from a significant expansion in this market.

The test is one of several blockchain experiments State Street and other financial institutions have been working on over the past year as Wall Street grows increasingly hopeful that the technology, first developed to run cryptocurrency bitcoin, can help them increase efficiency and cut costs.

«Just as financial institutions in California were at the forefront of the development of oenological financial products,» he writes, «so should the Canadian financial sector develop specialty products designed for the country's energy and natural resources industries.»

Some experts have even suggested that financial institutions may want to check the credit histories of people in your online network to help determine your creditworthiness, with the idea being that people tend to share the same consumer habits as their peers.

«As regulatory, technological and cultural gaps all work to slow innovation adoption, Viola Fintech accelerates the integration of innovative ideas into financial institutions while providing the necessary resources to fintech companies as they scale to transform the financial sector.&raquAs regulatory, technological and cultural gaps all work to slow innovation adoption, Viola Fintech accelerates the integration of innovative ideas into financial institutions while providing the necessary resources to fintech companies as they scale to transform the financial sector.&raquas they scale to transform the financial sector.»

Slice says it uses the same encryption security as major U.S. financial institutions and does not access credit card data or store passwords for any of your email or merchant accounts.

As women's share of investable assets grows, financial institutions are realizing that they too are leaving significant wealth on the table by failing to cater to women.

Government officials are orchestrating a reversal of fortune for workers as they target low - level employees of major financial institutions, leaving the big fish in their corner offices.

Financial institutions are now in the midst of a rapid technological shift, he said, as consumers increasingly do transactions online and via mobile phone.

Still, in the wake of the 2008 U.S. financial crisis, he started thinking that the way of the future for financial institutions might be a different kind of business model — one that emphasized social good as much as turning a profit.

Under President George H.W. Bush, Powell oversaw policy on financial institutions and debt markets as an undersecretary of the Treasury.

And despite lessons learned from the economic crisis — where, arguably, too many extroverted risk - takers in leadership positions wrought financial ruin — and the value of having quiet leaders who, as Good to Great author Jim Collins puts it, «build not their own egos but the institutions they run,» a workplace stigma around introversion still exists.

In theory, that means financial institutions should have an incentive to make the loans, as they're free of much of the risk.

At financial institutions, where the firms» finances are the flip side of the investments they make, CFOs are also taking on more of the risk management function as well.

On October 28, 2015, as one of AIG's largest shareholders (we currently own over 42 million shares), we wrote a public letter to the CEO of AIG suggesting that the company is «Too Big To Succeed» and should accelerate cost cutting and separate into three public companies to shrink below the threshold for systemically important financial institutions.

Financial Institutions relying on either PTE 86 - 128 or PTE 75 - 1, as amended, are required to maintain records necessary to demonstrate that the conditions of these PTEs have been met.

Comments received by the Department and media reports also indicate that many financial institutions already had completed or largely completed work to establish policies and procedures necessary to make the business structure and practice shifts required by the Impartial Conduct Standards earlier this year (e.g., drafting and implementing training for staff, drafting client correspondence and explanations of revised product and service offerings, negotiating changes to agreements with product manufacturers as part of their approach to compliance with the PTEs, changing employee and agent compensation structures, and designing conflict - free product offerings), and the Department believes that financial institutions may use this compliance infrastructure to ensure that they meet the Impartial Conduct Standards after taking the additional Start Printed Page 16910sixty days for an orderly transition between June 9, 2017, and January 1, 2018.

As amended, Section IV (b) of PTE 84 - 24 requires Financial Institutions to obtain advance written authorization from an independent plan fiduciary or IRA holder and furnish the independent fiduciary or IRA holder with a written disclosure in order to receive commissions in conjunction with the purchase of insurance and annuity contracts.

Collectively, financial institutions put $ 154 million worth of home loans into the hands of white borrowers there between 2012 and 2016, even as they denied nearly twice as many home loans to African Americans as they made in the neighborhood.

Warren also zeroed in on a popular industry proposal discussed by Blanton and others that would allow banks to count all loans held in portfolio as QM loans, noting that it would help financial institutions of all sizes.

An example of this was seen during the financial crisis of 2008/09, whereby many financial institutions overleveraged themselves with debt, and as assets fell in value, the ratio of debt within the organizations became too high to be sustainable.

Moreover, financial institutions and advisers who do not provide impartial advice as required by the Rule and PTEs would violate the prohibited transaction rules of the Code.

Financial institutions in advanced economies face a number of cyclical and structural challenges and need to adapt to low growth and low interest rates, as well as to an evolving market and regulatory environment.

As amended, Section III of the PTE requires Financial Institutions to make certain disclosures to plan fiduciaries and owners of managed IRAs in order to receive relief from ERISA's and the Code's prohibited transaction rules for the receipt of commissions and to engage in transactions involving mutual fund shares.

During periods of adverse changes in general economic, industry or competitive conditions, such as we experienced in calendar years 2008 and 2009, some of our vendors may experience serious cash flow issues, reductions in available credit from banks, factors or other financial institutions, or increases in the cost of capital.

As a condition of relief during the Transition Period, Financial Institutions were required to provide a disclosure with a written statement of fiduciary status and certain other information to all retirement investors (in ERISA plans, IRAs, and non-ERISA plans) prior to or at the same time as the execution of recommended transactions (the «Transition Disclosure»As a condition of relief during the Transition Period, Financial Institutions were required to provide a disclosure with a written statement of fiduciary status and certain other information to all retirement investors (in ERISA plans, IRAs, and non-ERISA plans) prior to or at the same time as the execution of recommended transactions (the «Transition Disclosure»as the execution of recommended transactions (the «Transition Disclosure»).

Section V of PTE 84 - 24, as amended, requires Financial Institutions to maintain records necessary to demonstrate that the conditions of the PTE have been met.

While the pace of change is exciting for innovators and market makers, it causes enormous friction for traditional institutions who control financial services today, as well as for regulators who are grappling with rules that were not meant to govern financial transactions using the latest technologies.

When the financial system comes under stress, a central bank may need to calm financial markets through open market operations or act as the lender of last resort to financial institutions to forestall bank runs.