Sentences with phrase «risks of a financial institution»

Not exact matches

On top of the risk of federal prosecution, IRS targeting and asset seizure, cannabis entrepreneurs have to cope with the hazards of conducting a business that deals mostly in cash, since a majority of traditional financial institutions — banks, credit card issuers, and payment transaction companies — won't provide services to the industry.

The association's senior vice president, Jenifer Waller, said the government outlined «all the risks involved of banking the marijuana industry» and «made it very clear that financial institutions can still face criminal liability.»

We are at risk of seeing an exodus of our financial institutions and our brightest financial talents.»

How many employees and managers of the world's largest financial institutions were aware of the increased risks their firms were taking on in the run up to the latest crisis?

And Peter Garrison, a banking expert with Greenwich Associates, which researches financial institutions, recommends exploring nonbank providers because of the interest - rate and recession risks of today's economic climate.

While retaining its ratings on the financial institutions S&P noted «the risk of a sharp correction in property prices has further increased.»

The stricter residential mortgage lending regulations introduced by the Office of the Superintendent of Financial Institutions were aimed at reducing risk in the market amid high housing prices.

The federal banking regulator, the Office of the Superintendent of Financial Institutions, also last summer said it was reviewing domestic retail sales practices at Canada's key banks, focusing on «risk culture» and «the governance of sales practices.»

Financial institutions are in the business of trading risk for reward.

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.

an independent agency of the federal government, created in 1933, charged with preserving and promoting public confidence in the U.S. financial system by insuring deposits in banks and thrift institutions up to applicable limits; by identifying, monitoring, and addressing risks to the deposit insurance funds; and by limiting the effect on the economy and the financial system when a bank or thrift institution fails; further information on the FDIC and FDIC coverage may be found at fdic.gov

Whether or not that's fair (or even true), evaluating your score is how most financial institutions determine how much of a risk they take in working with you.

Under the 2010 Dodd - Frank Act, which toughened financial regulations in an effort to avoid a repeat of the 2008 crisis, the oversight panel had the power to designate non-bank institutions such as AIG as systemically important financial institutions, meaning that their failure could pose a risk to the entire financial system.

This discussion also does not consider any specific facts or circumstances that may be relevant to holders subject to special rules under the U.S. federal income tax laws, including, without limitation, certain former citizens or long - term residents of the United States, partnerships or other pass - through entities, real estate investment trusts, regulated investment companies, «controlled foreign corporations,» «passive foreign investment companies,» corporations that accumulate earnings to avoid U.S. federal income tax, banks, financial institutions, investment funds, insurance companies, brokers, dealers or traders in securities, commodities or currencies, tax - exempt organizations, tax - qualified retirement plans, persons subject to the alternative minimum tax, persons that own, or have owned, actually or constructively, more than 5 % of our common stock and persons holding our common stock as part of a hedging or conversion transaction or straddle, or a constructive sale, or other risk reduction strategy.

There is a sense that one should try and use all the tools at one's disposal, and that means fiscal tools, monetary tools, tools for intervention in financial institutions, and that there is more risk of doing too little than there is of doing too much.

Those financial institutions that managed this transition to their risk profile well are set to handle the crises of the future, as their risk and control infrastructure is better prepared to keep pace with business growth.

Mr. Chisholm joined Goldman Sachs & Co. in New York in 1985 and he served in a variety of progressively senior leadership roles within the organization during his 30 - year career, including as Head of the Global Financial Institutions Group in both London and New York from 2002 to 2012 where he focused on areas such as strategic advisory, mergers and acquisitions, capital raising, risk and capital management and principal investing advisory for financial institutions Financial Institutions Group in both London and New York from 2002 to 2012 where he focused on areas such as strategic advisory, mergers and acquisitions, capital raising, risk and capital management and principal investing advisory for financial institutioInstitutions Group in both London and New York from 2002 to 2012 where he focused on areas such as strategic advisory, mergers and acquisitions, capital raising, risk and capital management and principal investing advisory for financial institutions financial institutionsinstitutions globally.

It does this by managing and providing liquidity to financial institutions, monitoring risks and cooperating with other organisations as part of the Council of Financial Refinancial institutions, monitoring risks and cooperating with other organisations as part of the Council of Financial ReFinancial Regulators.

The white paper outlined the concept for a peer - to - peer version of electronic cash that would allow online payments to be sent directly from one party to another, anonymously and without counterparty risk or intermediation from financial institutions.

One of the biggest names in the advisory business, Michael Kitces, weighed in last January on the potentially devastating class action lawsuit risks faced by financial institutions if they don't fully address the Duty of Care.

That said, some experts point out that financial institutions might adopt their own private and closed blockchain systems, which could result in less security and increased risk of criminal inside jobs.

The New York State comptroller, Thomas P. DiNapoli, who oversees the third - largest pension fund in the country, sent letters this spring to the chief executives of nine financial institutions, including JPMorgan, Bank of America and Wells Fargo, asking them to evaluate the risks of being associated with firearms, ammunition and gun accessories.

However, as Finextra points out, the hype cycle is calming down as bankers and financial institutions come to recognize that blockchain is best applied to use cases such as cross-border payments, where the risk of relying on outdated technology outweighs hesitance to try a new solution.

The National Bank of Hungary did acknowledge the benefits of virtual currencies, nodding to their anonymity, speed and ability to cut out intermediary financial institutions, though it went on to say that these strengths also posed «significant risks and problems».

Investigators are said to be taking a good look at Bitcoin and its underlying technology, as a means of measuring cryptocurrency's overall risk to central banking and traditional financial institutions, while also assessing whether or not regulatory measures are necessary.

Financial services group Nordea, which banned its employees from engaging in off - the - clock cryptocurrency trading earlier this year, said at the time that financial institutions often «restrict the personal account dealing of staff to prevent them taking positions in speculative investments, or which might expose them to a risk of financial loss and therefore impact their financial standinFinancial services group Nordea, which banned its employees from engaging in off - the - clock cryptocurrency trading earlier this year, said at the time that financial institutions often «restrict the personal account dealing of staff to prevent them taking positions in speculative investments, or which might expose them to a risk of financial loss and therefore impact their financial standinfinancial institutions often «restrict the personal account dealing of staff to prevent them taking positions in speculative investments, or which might expose them to a risk of financial loss and therefore impact their financial standinfinancial loss and therefore impact their financial standinfinancial standing.»

The low incidence of shareholder lawsuits may cause insurers to ignore the risks of insuring the errors and omissions of corporate boards, and may encourage financial institutions to lend money to marginal borrowers that are bad credit risks.

A tail risk can produce devastating financial crisis if it is concentrated in important financial institutions, such as banks and securities companies, who then must bear the brunt of the losses.

Notably, the reality is that the compliance departments of many Financial Institutions have already been fretting the risk of a class action lawsuit.

Specifically, Defendants made false and / or misleading statements and / or failed to disclose that: (i) the Company was engaged in predatory lending practices that saddled subprime borrowers and / or those with poor or limited credit histories with high - interest rate debt that they could not repay; (ii) many of the Company's customers were using Qudian - provided loans to repay their existing loans, thereby inflating the Company's revenues and active borrower numbers and increasing the likelihood of defaults; (iii) the Company was providing online loans to college students despite a governmental ban on the practice; (iv) the Company was engaged overly aggressive and improper collection practices; (v) the Company had understated the number of its non-performing loans in the Registration Statement and Prospectus; (vi) because of the Company's improper lending, underwriting and collection practices it was subject to a heightened risk of adverse actions by Chinese regulators; (vii) the Company's largest sales platform and strategic partner, Alipay, and Ant Financial, could unilaterally cap the APR for loans provided by Qudian; (viii) the Company had failed to implement necessary safeguards to protect customer data; (ix) data for nearly one million Company customers had been leaked for sale to the black market, including names, addresses, phone numbers, loan information, accounts and, in some cases, passwords to CHIS, the state - backed higher - education qualification verification institution in China, subjecting the Company to undisclosed risks of penalties and financial and reputational harm; and (x) as a result of the foregoing, Qudian's public statements were materially false and misleading at all relevaFinancial, could unilaterally cap the APR for loans provided by Qudian; (viii) the Company had failed to implement necessary safeguards to protect customer data; (ix) data for nearly one million Company customers had been leaked for sale to the black market, including names, addresses, phone numbers, loan information, accounts and, in some cases, passwords to CHIS, the state - backed higher - education qualification verification institution in China, subjecting the Company to undisclosed risks of penalties and financial and reputational harm; and (x) as a result of the foregoing, Qudian's public statements were materially false and misleading at all relevafinancial and reputational harm; and (x) as a result of the foregoing, Qudian's public statements were materially false and misleading at all relevant times.

BSCK largely mirrors the broader market, with somewhat lower risk, as it holds a basket of industrial and financial institution debt.

They bought enormous amounts of mortgages and other debt instruments, and they drove down interest rates to virtually zero to ensure that the large investment banks and financial institutions survived — forcing retail investors to participate in high - risk securities such as equities and corporate debt instead of stashing their money in banks.

Investments in SMART529 are not guaranteed or insured by the State of West Virginia, the Board of Trustees of the West Virginia College Prepaid Tuition and Savings Program, the West Virginia State Treasurer's Office, Hartford Life Insurance Company, The Hartford Financial Services Group, Inc., the investment sub-advisors for the Underlying Funds or any depository institution and are subject to investment risks, including the loss of the principal amount invested, and may not be appropriate for all investors.

We are the first professional provider of rating and audit services for crypto market with great experience of risk assessment of traditional financial institutions.

Operating within the United States can be a lucrative business for a foreign financial institution, but it also brings challenges, not the least of which is complying with US regulations and managing risk.

In the past, raising money as a start - up required small companies to convince banks, investors and financial institutions to take big risks, by investing large amounts of money into unproven technology and ideals.

These concentrations of positions in the hands of the largest bank holding companies and investment banks posed risks for the financial system because of their interconnections with other financial institutions.»

A principal of The Scowcroft Group, Filipa Jorge provides strategic risk advisory services and investment support to corporate clients and financial institutions.

Despite consensus optimism, non-bank financial institutions» appetite for corporate debt is being cited as a source of risk by more prudent institutions.

Key steps along this path include completion of the transition to full implementation of Basel III, including new liquidity requirements; enhanced prudential standards for systemically important firms, including risk - based capital requirements, a leverage ratio, and tighter prudential buffers for firms heavily reliant on short - term wholesale funding; expansion of the regulatory umbrella to incorporate all systemically important firms; the institution of an effective, cross-border resolution regime for systemically important financial institutions; and consideration of regulations, such as minimum margin requirements for securities financing transactions, to limit leverage in sectors beyond the banking sector and SIFIs.

APRA chairman Wayne Byres said the report should provide important insights for all financial institutions «about the need to maintain a broad focus on all aspects of risk and stakeholder interest and not allow financial success to mask or detract from other important measures of an institution's performance and risk profile».

Moreover, the longer the rapid increase in household borrowing continues, the greater is the risk that, at some point, households will need to adjust the structure of their balance sheets with potentially adverse consequences for the economy and financial institutions.

For the financial markets, those risks are compounded by the unbalanced «risk - on» exposure that investment managers and institutions adopted early this year, encouraged by a short - lived burst of economic activity, and faith in a central - bank backstop.

Since the start of this decade the rate of growth of what was perceived to be low risk assets at many banks, was significantly higher than the rate of growth of capital, a trend that played a great part in the collapse of many financial institutions.

-- Financial institutions have actively extended loans at low interest rates, particularly to «middle - risk firms» against the backdrop of the effects of intensified lending competition under chronic stress and monetary easing.

Equity financing is normally used by non-established businesses that are unable to secure business loans from financial institutions (debt financing) due to insufficient cash flow, lack of collateral, or a high risk profile.

decade - long low level and volatility of government bond yields led financial institution to take massive notional amounts of interest rate risk

In the US, strict and costly regulations in the aftermath of the financial crisis were applied with a broad brush, to large financial institutions capable of creating systemic catastrophe and to community banks with risks tied only to the communities they faithfully serve.