Sentences with phrase «requirements for our banking»

Indonesia's financial regulator on Wednesday removed cash collateral requirements for banks selling structured products, a move that Hendarsah expects will help make hedging cheaper for bank customers.
The Bank of England has told British banks to rise capital requirements for banks in case of an economic downturn.
Kevin Leung of Haitong International Securities says a report that the People's Bank of China could further cut cash reserve requirements for banks would be positive for sentiment.
Mainland Chinese shares lost ground Monday following the latest increase in the central bank's reserve requirement for banks, which was announced late Friday (Photo: AP / CP)
At Basel, regulators agreed to more than double the minimum common equity requirement for banks to 4.5 percent from 2 percent, with an added liquidity buffer of 2.5 percent.
The progressive Center for American Progress said the bill's elimination of escrow requirements for banks under $ 10 billion removes an «essential borrower protection.»
According to the representative I spoke with, Balance Credit doesn't have specific requirements for your bank account balance or income.
Local regulators also relaxed the collateral requirements for banks lending to SMEs and allowed banks borrowing under the MEII facilities to waive a requirement for a 1.5 - percent general - reserve provision for every loan.
It would reduce the requirement for bank stress tests from annually to every two years.
What I'd love to see is not only a Volcker rule that prohibits prop trading outright, but also tougher capital holding requirements for banks.
The central bank cut reserve requirements for banks, freeing $ 200 bln for lending.
The requirement for a bank card is an insurance coverage for the rental firms versus folks who induce damage or have actually the auto swiped throughout rental, as there will often be a large excess / deductible to pay, or just those who disappear with their auto (often driving right into parts of Eastern Europe where there is a healthy and balanced black market demand for Western cars).
They would also have to comply with the state's new stricter cybersecurity requirements for banks and other lending institutions, which just took effect this past August.
The new rules add stringent requirements for banks to curb illegal transactions by known terror organizations and other criminals.
Most recently, James joined progressive groups in calling for higher wages and a change in the city's economic development policies, including more stringent requirements for banks and corporations that receive city subsidies.
Banks are the biggest lenders in Sault Ste Marie but not all residents meet requirements for a bank loan.
These rules include setting cash reserve requirements for some banks and FDIC insurance to protect investments (up to $ 100,000 per account).
The Federal Reserve announces that it is reviewing regulatory capital requirements for banking organizations in response to a decision by the Financial Accounting Standards Board to address weaknesses in accounting and disclosure standards for off - balance sheet vehicles.
In the U.S. these measures included stricter underwriting standards for mortgages (implemented after the 2007/2008 credit crunch and housing crash), and increased margin and capital requirements for banks and lenders.
In 1981 the reserve requirement for banks to hold a minimum fixed proportion of their deposits as reserves at the Bank of England was abolished: see reserve requirement for more details.
Your credit history should be good enough for a minimum of $ 5,000 credit line, which is the requirement for Bank of America Alaska Airlines Visa Signature Credit card
I would not advocate a return to commodity money, but would certainly advocate 100 percent reserve requirements for banks (approached gradually), as well as an end to the practice of buying stocks on the margin.
Financial regulators to vote on requirements for banks» leverage stricter than rules for overseas firms, Reuters
For example, competing banks could get together to commission a general opinion as to how a legislative change would affect them, thereby eliminating the requirement for each bank to obtain its own opinion (though Canadian conflicts rules might get in the way of this idea).
Customer due diligence requirements for banks, mutual funds brokers, or dealers in securities, futures commission merchants, and introducing brokers i
The requirement for all banks around the world to provide detailed information to the IRS about American account holders outside the United States has resulted in banks refusing service to them.
The Financial Services (Banking Reform) Act 2013 introduces an approval and responsibility regime for senior bankers and comprehensive requirements for banks and other financial institutions to vet the suitability of their staff and monitor their compliance with rules of conduct made by the Prudential Regulation Authority and the FCA.
Exchanges in Japan have also been required since April to obtain a special license, which has requirements for banking and asset supervision.
November 2006 to June 2009 Chasing Money Investment Bank — City That Never Sleeps, NY Bank Operations Officer — Review staffing requirements for all banking operations.
Foreign language skills might not be the most obvious requirement for a banking or investment job, yet a surprising number of employers include these among their core competences.
In this Part 1 he will address: Understanding the short sale seller, Requirements for the bank and Agent requirements.

Not exact matches

Second, here's a big - bank CEO asking for the government to introduce yet another grandiose plan, complete with new regulations and requirements.
For the eight U.S. banks that are large and considered important to the global financial system the new buffer calculation «would result in a significant aggregate increase in capital requirements,» Yellen said.
What's more, to qualify for most bank loans, your company will need to have been in business for at least one to two years and meet annual revenue requirements — to name just some of the criteria required.
For Canadian banks, the pace of acquisitions could slow, Smith says, in order to maintain minimum capital requirements.
The details of the capital requirements under Basel III are complicated, but generally speaking, deposit - taking institutions such as Canada's banks will have to maintain tangible common equity, which includes things like cash, equal to 4.5 % of their assets plus an additional buffer of 2.5 %, for a total of 7 %.
All of these new regulatory requirements worsen what is already a tough period for the banks.
These plans are tailored to meet your financing requirements in your state, which is a huge bonus for those seeking funding through banks.
But he said in a statement on Tuesday that if the agency does push ahead with such a charter, fintech firms would be supervised in line with similar, traditional banks «with appropriate requirements for capital, liquidity, and meeting the financial needs of its customers.»
By using their own models, big Wall Street banks can, for instance, minimize their capital requirements by combining the potential risk of two trading positions that offset one another, rather than holding capital against the risk of each one going sour.
For example, the Coalition for Derivatives End Users, which includes Cargill and Shell among many others, lobbied alongside banks as Dodd - Frank was being written and in its aftermath to ease some derivatives reform proposals like higher margin requiremenFor example, the Coalition for Derivatives End Users, which includes Cargill and Shell among many others, lobbied alongside banks as Dodd - Frank was being written and in its aftermath to ease some derivatives reform proposals like higher margin requiremenfor Derivatives End Users, which includes Cargill and Shell among many others, lobbied alongside banks as Dodd - Frank was being written and in its aftermath to ease some derivatives reform proposals like higher margin requirements.
In announcing the proposed legislation, the committee said the change «corrects an illogical and unworkable capital requirement» that would have pushed non-bank dealers out of the derivatives market, making it less competitive for banks.
Loblaw lawyer Al Meghji argued Glenhuron Bank met the requirements for a foreign bank under the regulations and the CRA's allegations are without meBank met the requirements for a foreign bank under the regulations and the CRA's allegations are without mebank under the regulations and the CRA's allegations are without merit.
However, for that schedule to work out, Congress will need to make a legal change that allows the Treasury Department to hold prepayments from the big carriers ahead of the auction — according to Pai, banks are not willing to do this anymore due to their capitalization requirements.
These are referred to as «CoCo's,» which is short for contingent convertible capital instruments, and they are basically a creative way for banks to meet mandated capital requirements.
This means he is prepared to be more forgiving in terms of past credit problems, will accept income volatility among the self - employed, and will ease onerous requirements to produce bank records from other countries when it comes to writing mortgage insurance policies for immigrants.
Ramsden says the new capital requirements for big banks proposed by the Federal Reserve in early December make now a good time to consider such a split.
The bill raises the asset threshold at which banks must comply with stricter capital and planning requirements, including yearly stress tests and developing «living wills» for an orderly liquidation in times of crisis.
And as commercial banks they are subject to the new rules and regulations, which for starters include: Basel international capital rules, QM, QRM, escrow requirements, balloon mortgages, compliance exams — and the costs that come with each.
Markle would also be subject to the reporting requirements for Foreign Bank and Financial Accounts, or FBAR, for accounts over which she has ownership or signatory authority.
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