Show Comments ▼ Vodafone will appeal Indian tax decision The lower court ruled that the Indian tax system has jurisdiction over tax bills in cross-border mergers.Vodafone, which is fighting a tax bill in India from its 2007 purchase of Hutchison Whampoa’s mobile business in the country, filed an appeal with the Bombay High Court in June challenging the tax department’s jurisdiction over the bill.The court dismissed its petition but said Indian tax authorities would not issue a final order to Vodafone for the next eight weeks, even though tax proceedings would continue. Vodafone was free to separately raise with them the issue of its liability to deduct tax on the transaction, it said.After the court ruling, Vodafone said that it would consider its next steps, which included the option of an appeal to the Supreme Court.Vodafone, which paid $11.1bn (£7.18bn) for the deal with Hutchison, has not said how much the authorities were seeking but it is estimated at around $2.6bn.Indian tax authorities have said Vodafone’s deal was liable for tax because most of the assets were based in India and, under Indian law, buyers have to withhold capital gains tax liabilities and pay them to the government. Vodafone has earlier said Indian law did not require it to deduct tax and that capital gains tax is usually paid by the seller. Tags: NULL whatsapp More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org KCS-content Share Vodafone has filed an appeal with India’s Supreme Court after its petition over a tax feud with authorities was dismissed. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald whatsapp Tuesday 14 September 2010 8:57 pm
whatsapp Tags: NULL ECONOMISTS’ VIEWS: HOW HIGH WILL INFLATION RISE? PHILIP SHAW | INVESTEC“There is a worrying inflation outlook in the UK. Our forecast is looking for a rise to 3.5 per cent for December, and it seems likely that inflation will exceed the four per cent level later this year.”HOWARD ARCHER | IHS GLOBAL INSIGHT“The data is expected to showthat annual consumer price inflation climbed to a seven-month high of 3.4 per cent in December. However, inflation will hopefully dip below two per cent early in 2012.”GEOFFREY WOOD | CASS BUSINESS SCHOOL“Inflation will certainly be up, manifestly. It would not surprise me at all to see it hit four per cent before long. It has been well above the target rate for some time, and unlike the MPC I don’t see it coming down.” Sunday 16 January 2011 10:08 pm Share whatsapp Show Comments ▼ Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayot’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap KCS-content
AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Marketing & affiliates Regions: UK & Ireland The Remote Gaming Association has reiterated its calls for a statutory levy on gambling operators in the UK after the head of the NHS accused the industry of failing to play its part in tackling problem gambling.Simon Stevens said he was “deeply concerned” by the lack of action to tackle addictive behaviours, saying the health service should not be funding a growing societal problem.In a speech in Manchester he took a swipe at operators who do not make the expected voluntary charitable donation of 0.1% of revenues to GambleAware, which helps to fund treatment for problem gambling. Their underfunding of the charity, which works with partners such as GamCare, has left the UK taxpayer to “pick up the pieces”, according to Stevens (pictured).In particular he drew attention to the eight sponsors of Premier League football clubs who have not donated to GambleAware, and called on league officials to help persuade them to “do the right thing.”“The NHS has opened its first mental health clinic aimed at gambling, and the Gambling Commission estimates there are 430,000 people with a gambling problem,” Stevens said.“This is at the same time as the voluntary contribution from the gambling industry has not been responded to by eight overseas firms who sponsor Premier League clubs, so we need to get onto the Premier League to make sure they contribute.“There is an increasing link between problem gambling and stress, depression and other mental health problems.”The voluntary nature of the donations was part of a deal struck with the last Labour government when it deregulated gambling. While the RGA has long been generally opposed to statutory levies, such as the Horserace Betting Levy, it believes it is time that operators are forced to make a contribution.“This is the only way to ensure the levels of long term and sustainable funding that are needed to provide the support that is required for those affected by gambling-related harm,” Brian Wright, the RGA’s director of business, told iGamingBusiness.com.“In contrast to voluntary contributions to GambleAware, we believe that a statutory levy would create a much more transparent process and provide a degree of Parliamentary oversight.”Since the RGA originally backed the statutory levy in December 2017 it has taken steps to progress the idea. It held talks with government officials and submitted proposals on how the levy could work.The government is able to introduce a statutory levy by activating the reserve power enshrined in the Gambling Act 2005, and Wright is confident that changes could be introduced in the near future.He said: “In the current climate, the gambling industry, both land-based and online, is repeatedly criticised for not contributing enough and in public little if any distinction is drawn between regular payers; under-payers; and non-payers. A levy would provide an equitable solution where all would contribute on a proportionate basis.”While many oppose the voluntary donation framework, donations have increased significantly since the RGA’s backing of a statutory levy. Figures released by GambleAware in July show that it received £2.8m (€3.1m/$3.6m) during the three months to June 30, which was almost treble the approximately £1m in the same period last year.GambleAware, which funds research, education and treatment services to help to reduce gambling-related harms, at the time said it believes it is on track to reach its £10m donation target, which is the amount it believes is required to pay for its recently announced Strategic Delivery Plan, which outlines spending of £32m over the next two years.Image: NHS Confederation Topics: Marketing & affiliates Sports betting 6th September 2018 | By contenteditor NHS chief takes swipe at freeloading bookies RGA again calls for statutory levy after health service CEO expresses problem gambling concerns Subscribe to the iGaming newsletter Email Address
BOC Kenya Limited (BOC.ke) listed on the Nairobi Securities Exchange under the Energy sector has released it’s 2017 annual report.For more information about BOC Kenya Limited (BOC.ke) reports, abridged reports, interim earnings results and earnings presentations, visit the BOC Kenya Limited (BOC.ke) company page on AfricanFinancials.Document: BOC Kenya Limited (BOC.ke) 2017 annual report.Company ProfileBOC Kenya Plc (BOC), established in Mombasa, Kenya, in 1940, is a leading supplier of industrial, medical and special gases in East Africa. In 1947 the company started operations in Nairobi and later years, in Kisumu, Kampala, Mwanza and Dar-es-Salaam. The Company listed on the Nairobi Securities Exchange in 1969. BOC Kenya’s portfolio includes dozens of different gases and mixtures, as well as related equipment and services. The Company’s customer base cuts across a large spectrum and includes public and private hospitals, food processors, civil and mechanical engineering contractors, motor vehicle body builders, hotels and restaurants, the informal business sector (“Jua Kali”) and small and medium enterprises. Product range includes bulk gases (Oxygen, Nitrogen and liquefied petroleum gas(LPG), packaged (cylinder) gases and engineering services (Medical equipment, Construction of medical and other gas pipelines, Gas storage tanks, etc). BOC Kenya Limited is listed on the Nairobi Securities Exchange
Northern Nigeria Flour Mills Plc (NNFM.ng) listed on the Nigerian Stock Exchange under the Food sector has released it’s 2018 interim results for the third quarter.For more information about Northern Nigeria Flour Mills Plc (NNFM.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Northern Nigeria Flour Mills Plc (NNFM.ng) company page on AfricanFinancials.Document: Northern Nigeria Flour Mills Plc (NNFM.ng) 2018 interim results for the third quarter.Company ProfileNorthern Nigeria Flour Mills Plc is a milling company in Nigeria which mills wheat and other grains and sells its products under the Golden Penny brand name. Products produced by Northern Nigeria Flour Mills Plc include wheat flour, semovita, wheat offal, masaflour, germ flour, masavita and corn offal. Its retail and wholes range for banking and confectionary includes Golden Penny flour, Golden Penny sugar and Golden Penny rice. The company’s head office is in Kano, Nigeria. Northern Nigeria Flour Mills Plc is listed on the Nigerian Stock Exchange
Only the Boks’ late try last Saturday prevented Ireland climbing to third in the world rankings. During Schmidt’s first year in charge, they’ve come closer than any Ireland team in history to beating the All Blacks, they’ve won the Six Nations, they’ve won a historic first series in Argentina, and they’ve beaten the Springboks.It’s some record and already as respected a commentator as Tony Ward has dubbed Schmidt the All Black coach in waiting.Are Ireland the real deal? Perhaps not. They came off second best in most of the stats last weekend and you wonder how often Schmidt will be able to pull rabbits from a hat. But even this assertion must be qualified because Ireland, shorn of major ball carriers like Sean O’Brien and Cian Healy, played a deliberately pragmatic style of rugby to suit the personnel available and the opponents in front of him. Offloads? Who needs them when your half-backs can kick as well as Johnny Sexton and Conor Murray. Ireland kicked the ball away nine times in the first 11 minutes, negating the Boks’ rush defence from the off, and instead resorted to power plays, like the one that pulled Bryan Habana out of position and created the space for Tommy Bowe to score.Tall order: Georgia will be without Gorgodze on SundayGeorgian linksSo good luck Georgia, who arrive at the Aviva Stadium without some key players – including the Toulon giant Mamuka Gorgodze – and chastened by a 23-9 loss to Tonga in Tbilisi. The Georgians have a link or two to their hosts: Michael Bradley, the ex-Ireland scrum-half and Connacht coach, is their backs coach whilst head coach Milton Haig, a Kiwi, worked with Vern Cotter at Bay of Plenty – before suggesting Schmidt take his place.“We don’t get the opportunity to play Tier One teams outside of the World Cup that much,” says Bradley. “And from that point of view it’s a very important match.”It’s a match Ireland should win comfortably, even though their last meeting, 14-10 at RWC 2007, was a nail-biter. Ireland have rung the changes for Sunday, with Dave Foley and Dominic Ryan set to win their first caps.Ireland starting XV: Felix Jones; Craig Gilroy, Darren Cave, Gordon D’Arcy, Simon Zebo; Ian Madigan, Eoin Reddan (capt); Dave Kilcoyne, Richardt Strauss, Mike Ross, Dave Foley, Mike McCarthy, Dominic Ryan, Tommy O’Donnell, Robbie Diack.Ireland bench: Sean Cronin, Jack McGrath, Rodney Ah You, Devin Toner, Robin Copeland, Kieran Marmion, Ian Keatley, Stuart Olding.* Ireland v Georgia at the Aviva Stadium on Sunday, kick-off 2.30pm. Click here for tickets. The New Zealander is leaving no stone unturned as Ireland continue to rattle the heavyweights. One year on from his arrival in Test rugby, we assess his impact… LATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALS WE THINK in generalities but live in detail, wrote an English philosopher. It’s a creed that Joe Schmidt has taken to heart, the New Zealander’s latest triumph as Ireland coach – his fifth on the bounce – bearing the hallmark of forensic preparation.South Africa, trounced 29-15 last weekend in Dublin, were the last of the major nations to pit their wits against the former schoolteacher and safe to say they won’t forget the experience. Good luck Georgia on Sunday, you’ll need it in spades.The Irish tactic of standing off at the lineout, with Jack McGrath coming round to sack the ball carrier as the Springboks prepared to maul, was staggeringly effective yet hardly original. Teams have been doing it for yonks and the Boks’ bewilderment was strange to see – do they not watch any rugby?The point is, however, that it worked. And on the rare occasions when the Boks did get a drive going, the low body positions of the Irish defenders stopped it at source. Has any other team disarmed the Boks’ biggest weapon so effectively?Perfect shift driveNot only were the Boks stripped of their drive, they conceded a try to it as Ireland worked a perfect shift drive to put Rhys Ruddock over for the opening try – watch it below (reel time 0:50) or click here.The swift transfer of the ball from catcher Devon Toner is standard for a shift drive, but the speed and tempo of what follows marks Ireland out from other nations. The Irish forwards drive towards the cornerflag, their goal not to spear through the Bok forwards but away from them. Toner blocks Eben Etzebeth, Paul O’Connell blocks the key maul defender Victor Matfield, and Peter O’Mahony blocks three other forwards. Before the Boks even know what’s happening, Ruddock has crashed over their line.This ability to rapidly split the opposition pack echoes Chris Henry’s try against Wales in this year’s Six Nations. On that occasion O’Mahony and Mike Ross sealed off four Welsh defenders by angling infield and Andrew Coombs was left as the only Welshman in contact with the Irish drive. Devastating stuff. Both scores were based not on power but on speed and manipulation of angles, and they are typical of Schmidt – a coach who believes every player has a role to fulfill at every moment.Lords of the skies: Ireland dominated the Springboks in the lineoutA player’s coachA desire to play under Schmidt was a major factor in Brian O’Driscoll’s decision to prolong his Test career last season and the Irish legend spells out his esteem for Schmidt in his sparkling autobiography.“I’ve never seen a coach show such massive attention to detail, or one with such a smart rugby brain,” O’Driscoll writes. “He makes little tweaks in a back-line play and all of a sudden an opposition defence opens up in front of you. And you look over at him and he’s smiling. “He’s a player’s coach, because he notices what you do. If you’re a workhorse, doing your stuff unseen by almost everyone, he knows you’ve done the work. If you do something seven phases before a try is scored that no one is giving you credit for, he gives you the credit.” When Ireland, agonisingly, lost at the death to New Zealand last autumn, Schmidt highlighted not only seven system errors in the way his side defended in the final 100 seconds but also Kieran Read’s chase-back when Rob Kearney was running in Ireland’s third try. It narrowed the angle for the conversion and meant Ireland led 19-0 when it would otherwise have been 21-0. “That’s what it takes,” Schmidt told his team.Private joke: What has Schmidt just said to O’Driscoll?!The real deal? Man in the middle: Schmidt is renowned for joining in during his tough training sessions Check out the video below for an insight into Joe Schmidt’s attacking philosophy
ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/901906/micro-barn-edgar-papazian-architect Clipboard United States CopyAbout this officeEdgar Papazian architectOfficeFollowProductsWoodGlass#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureArts & ArchitectureSouthamptonUnited StatesPublished on September 14, 2018Cite: “Micro-barn / Edgar Papazian architect” 14 Sep 2018. ArchDaily. Accessed 11 Jun 2021.
“COPY” Eklavya Foundation Building / Biome Environmental Solutions ArchDaily India Photographs: Pratik Chandresha Manufacturers Brands with products used in this architecture project Photographs Save this picture!© Pratik Chandresha+ 29Curated by Hana Abdel Share Architects: Biome Environmental Solutions Area Area of this architecture project HMN Techconsultants Private Limited CopyHousing, Office Buildings•Bhopal, India ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/936125/eklavya-foundation-building-biome-environmental-solutions Clipboard “COPY” Eklavya Foundation Building / Biome Environmental SolutionsSave this projectSaveEklavya Foundation Building / Biome Environmental Solutions ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/936125/eklavya-foundation-building-biome-environmental-solutions Clipboard Manufacturers: Otis, SketchUp, AutoCAD, Ekam Eco Solutions, Nilkamal 2019 Architect In Charge:Chitra Vishwanath, Anurag TamhankarDesign Team:Chitra Vishwanath, Anurag Tamhankar, Ramya MAClients:Eklavya FoundationEngineering:MESHA ConsultantsCity:BhopalCountry:IndiaMore SpecsLess SpecsSave this picture!© Pratik ChandreshaRecommended ProductsRenders / 3D AnimationEnscape3D Real-Time Rendering SoftwareRenders / 3D AnimationVectorworksVectorworks ArchitectCeramicsTerrealTerracotta Baguettes in Vork CenterMetallicsKriskadecorMetal Fabric – Outdoor CladdingText description provided by the architects. Eklavya is a non-profit, non-government organisation working toward revolutionizing education system in Madhya Pradesh and other states. Environment was core to their design brief when they started looking for an architect. The proposed campus was to house office space, workshop area, residential space and a storage unit for their publications and paper. The campus was to have an inductive environment for collaborative works between different departments. Strategies of closing the loops of energy, water, material and food were pivotal in the design. Building was to demonstrate a unique approach to the built environment.Save this picture!© Pratik ChandreshaSave this picture!First and second floor plansSave this picture!© Pratik ChandreshaPassive techniques were integrated from the planning stages to achieve comfort in the building. Composite climate of Bhopal needed strategy for reducing the heat gain during summer and maximize heat gain in winter. East west orientation reduced radiation gain. Storage unit is placed on western side to protect working areas. Deep balconies shade large openings bringing in daylight in working areas. Western façade with discarded railway windows reduces heat gain in go-down protecting the stored books and paper from temperature fluctuation. Heat gain from the roof was reduced by designing green roof growing food, white roof, solar panels covering rooftop and deck insulation. Save this picture!© Pratik ChandreshaMaterials for construction were carefully chosen based on their proximity to the site and through life cycle analysis. Composite stabilized fly ash earth bricks made from the soil available in the vicinity were used for walls. As these bricks are stabilized, compressed and cured there is no pollution during their manufacturing. The minimum water absorption by these bricks allowed for the walls to be left exposed without plaster reducing the cement consumption. Additionally, exposed concrete work was done for all reinforced concrete elements. IPS (Indian Patent Stone) was be used to reduce material consumption and wastage.Save this picture!© Pratik ChandreshaSave this picture!North elevationSave this picture!© Pratik ChandreshaConstruction debris was sourced from demolition sites and used for refilling making the building a waste sink. Curtain wall made of scrap railway windows are used on western façade to regulate the temperature within the go-down. Partitions wall in the office areas are made out of the discarded paper rolls which were available in plenty since Eklavya purchases paper and stores for its publications.Save this picture!© Pratik ChandreshaAll water falling on rooftop of this building and site is harvested in 100,000 litre underground tank and excess water is recharged in the ground by means of four recharge wells on site. This water will be used for all domestic needs after filtration. The effluent water is treated treatment system before it is again used for flushing and gardening thereby creating a closed loop and not letting out any water out of the site. Landscape in and around the building is an edible one with organic farms on roof and fruit bearing trees on the ground. An attempt is made toward becoming self-sufficient in terms of daily consumption of vegetables, fruits and herbs. Ficus, flowering trees and plants are planted to attract the birds and bees incorporating the biodiversity in the design.Save this picture!© Pratik ChandreshaProject gallerySee allShow lessThe Mwabwindo School / Selldorf ArchitectsSelected ProjectsNingbo Hangzhou Bay Binhai Primary School / UADSelected ProjectsProject locationAddress:Bhopal, Madhya Pradesh, IndiaLocation to be used only as a reference. It could indicate city/country but not exact address. Share Year: Projects Area: 35000 ft² Year Completion year of this architecture project Housing CopyAbout this officeBiome Environmental SolutionsOfficeFollow#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousingOfficesOffice buildingsBhopalOn FacebookIndiaPublished on March 25, 2020Cite: “Eklavya Foundation Building / Biome Environmental Solutions” 25 Mar 2020. ArchDaily. Accessed 10 Jun 2021.
TCU 360 Staffhttps://www.tcu360.com/author/tcu-360-staff/ Twitter Previous articleEvery vote counts this midterm seasonNext articleA focus on immigration fails to sway some Tarrant County voters TCU 360 Staff RELATED ARTICLESMORE FROM AUTHOR TCU places second in the National Student Advertising Competition, the highest in school history ReddIt Pantone: Color of the year 2020 Facebook Linkedin Behind the runway: One TCU student’s experiences at Fashion Week TCU 360 Staffhttps://www.tcu360.com/author/tcu-360-staff/ Return of the disco: Latest fashion trends mirror the 1970s TCU 360 Staffhttps://www.tcu360.com/author/tcu-360-staff/ TCU 360 Staffhttps://www.tcu360.com/author/tcu-360-staff/ ReddIt World Oceans Day shines spotlight on marine plastic pollution Linkedin Facebook TCU 360 Staff Twitter Sustainability is the new green: Fashion companies work towards environmentally-conscious practices printThe midterm elections sparked unprecedented political participation in an off-year and many TCU students were swept into the frenzy. Students and other voters took time during the past two weeks to cast ballots, encourage others to become involved and in some cases campaign for a candidate. Whether through conversations at tables set up on campus or via social media, students challenged the notion that they aren’t civic-minded. Senior strategic communication major Cristi Menendez encouraged her followers to vote when she posted her Instagram story this morning. She even included the fact that Lyft, Uber and Lime were offering discounted rides to polling stations.Menendez said her creative posts were a way to remind people of one of the biggest freedoms we have as citizens, having a stay in how our government is run.Sophomore Mary-Opal Burnham said students should vote even if they aren’t up to date with all of the issues. “I don’t believe it’s that important to be educated because you choose your political party and stand by them when you vote straight ticket,” Burnham said.TCU alumna Lou Ellen Cole has been working as an election greeter in state elections for six years.Cole said she was surprised by the amount of people at the polls today. “Early voting was so heavy, I was expecting no one to be here, but it is really steady,” said Cole. “There was a line when the election judges were here at 7 a.m.”Cole believes that voter turnout is higher because of what happened in the 2016 presidential election. “They are voting in response to Trump’s presidency,” she said. “His discourse has been so negative and people realized they want a change.”Cole noted the high number of young voters they have encountered in Texas. She attributes this to Beto O’Rourke’s push to appeal to young voters. Madison County voting bailiff Billy Swindle, right, hands out an “I voted” sticker, Tuesday, Nov. 6, 2018 in Ridgeland, Miss. Voters have a number of races to consider, including judiciary and federal offices and some local issues. (AP Photo/Rogelio V. Solis) TCU 360 is an official, student-produced product of the School of Journalism at Texas Christian University. + posts Welcome TCU Class of 2025
Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Print This Post The Federal Housing Finance Agency (FHFA) has released its annual Report to Congress, covering calendar year 2019. The report addresses several topics related to the fulfillment of FHFA’s statutory responsibilities and the financial condition of FHFA’s regulated entities: Fannie Mae and Freddie Mac (the Enterprises) and the Federal Home Loan Banks (FHLBanks). The report makes recommendations to Congress about potential legislation to enhance the safety and soundness of the regulated entities and move our nation toward a stronger, more resilient housing finance system. It also provides an overview of FHFA’s policy response to the COVID-19 national emergency.”There are critical vulnerabilities in our housing finance system that put taxpayers and our housing market at risk. The financial stress on our mortgage markets caused by the COVID-19 crisis is only the latest example,” said FHFA Director Mark Calabria. “FHFA will continue to take administrative action, pursuant to the Agency’s statutory responsibilities, to ensure that the regulated entities operate in a safe and sound manner to foster liquid, efficient, competitive, and resilient national housing finance markets. However, only Congress can resolve the flaws in the structure of the nation’s housing finance system. Reform is long overdue. The time to act is now.”Included in the Report is an update on the GSE’s transition out of conservatorship, and the transfer from the London Interbank Offered Rate.”Preparing for the transition away from LIBOR has been, and will continue to be, an enormous undertaking with a variety of implications for all participants in the global financial system,” the report said. “FHFA and the Enterprises have taken a number of important steps in this effort.”The report also covered the single-security initiative.”In addition to the internal activities required to develop and test the CSP and UMBS, successful implementation required the Enterprises and CSS to work with other market participants to facilitate market readiness. This required planning, investment, and preparation on the part of a wide variety of market participants, including MBS investors, dealers, seller/servicers, vendors, and providers of critical infrastructure,” FHFA stated,The full Report can be found here. in Daily Dose, Featured, Government, News, REO Tagged with: Fannie Mae FHFA Freddie Mac HOUSING UMBS Fannie Mae FHFA Freddie Mac HOUSING UMBS 2020-06-18 Seth Welborn June 18, 2020 2,228 Views Share Save About Author: Seth Welborn Previous: Protecting Homeowners From Fraud Next: DS5: Re-Evaluating the Mortgage Business Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Related Articles Demand Propels Home Prices Upward 2 days ago Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / FHFA Releases Annual Update on Conservatorship and Securities The Week Ahead: Nearing the Forbearance Exit 2 days ago FHFA Releases Annual Update on Conservatorship and Securities Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Subscribe