Basel committee eases deadlines on bank liquidity rules

first_imgTuesday 19 October 2010 5:10 am The Basel Committee of global banking supervisors said both of its new liquidity standards will have soft phase-ins instead of fixed, mandatory deadlines.The new rules have faced fierce opposition from banks, which say they would struggle to comply and will welcome the committee’s easier stance towards their implementation.The committee had already agreed to a soft phase-in for its net stable funding ratio, which covers a bank’s longer-term liquidity.On Tuesday it extended such a phase in to its liquidity coverage ratio as well, which refers to a lender’s short-term liquidity situation and will require a bank to hold enough highly liquid assets to cover 30 days of net cash outflows.“The Committee agreed on key details of the liquidity coverage ratio,” the committee said following a meeting in South Korea. “It confirmed that both the LCR and the net stable funding ratio will be subject to an observation period and will include a review clause to address any unintended consequences,” the Committee said. John Dunne whatsapp Show Comments ▼ Basel committee eases deadlines on bank liquidity rules Tags: NULL Share More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comWhy people are finding dryer sheets in their mailboxesnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 whatsapplast_img read more

Pinnacle incorporates Gamban self-exclusion software

first_imgJack Symons, co-founder of Gamban, added: “Pinnacle’s displaying great commitment to its customers by offering this valuable support. This further highlights how layering self-exclusion with blocking software is becoming ever more important.” The operator said it has invested significantly in its corporate social responsibility division in recent years, to provide a responsible gambling service that proactively deals with potentially harmful gambling behaviour on a case-by-case basis. Pinnacle incorporates Gamban self-exclusion software “Responsible gambling and player welfare are industry-wide issues, so we’re pleased to work with Gamban to offer our customers a blanket self-exclusion tool which covers all gambling sites, not just our own,” said Veronique Dos Reis, head of legal and compliance at Pinnacle. Online sportsbook operator Pinnacle has formed a new partnership with self-exclusion software provider Gamban, to allow customers to block access to its sportsbook website. Responsible gambling Pinnacle said the partnership will allow it to provide effective, free-of-charge protection to customers looking to self-exclude from gambling. “In a world where the lure of immediate gratification through digital activity is increasingly tempting, we want to help people regain control and balance – and by using Gamban, they can do that.” “It’s important that those at risk have access to the simplest tools in order to protect themselves effectively. Gamban delivers exactly that, and we’re very confident this free facility will be a significant addition to our responsible gaming arsenal,” Dos Reis concluded.center_img Email Address 28th April 2021 | By Conor Mulheir Last month, Gamban announced a new partnership with two other responsible gambling organisations, GamCare and Gamstop, to launch a new campaign called TalkBanStop, offering support and services to those suffering gambling-related harm. Topics: Social responsibility Sports betting CSR Problem gambling Responsible gambling Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter The agreement saw Gamban provide its self-exclusion software for free to anyone calling the National Gambling Helpline, or anyone using GamCare’s support or treatment services.last_img read more

Axa Mansard Insurance Plc ( 2008 Annual Report

first_imgAxa Mansard Insurance Plc ( listed on the Nigerian Stock Exchange under the Insurance sector has released it’s 2008 annual report.For more information about Axa Mansard Insurance Plc ( reports, abridged reports, interim earnings results and earnings presentations, visit the Axa Mansard Insurance Plc ( company page on AfricanFinancials.Document: Axa Mansard Insurance Plc (  2008 annual report.Company ProfileAXA Mansard Insurance Plc is an insurance and asset management company in Nigeria. The company offers solution products for motor, life, travel, education and commercial insurance as well as financial advisory services, portfolio and risk management services and investment consulting services. AXA Mansard Insurance Plc’s head office is in Lagos, Nigeria. AXA Mansard Insurance Plc is listed on the Nigerian Stock Exchangelast_img read more

The Far Property Company Limited ( HY2019 Interim Report

first_imgThe Far Property Company Limited ( listed on the Botswana Stock Exchange under the Property sector has released it’s 2019 interim results for the half year.For more information about The Far Property Company Limited ( reports, abridged reports, interim earnings results and earnings presentations, visit the The Far Property Company Limited ( company page on AfricanFinancials.Document: The Far Property Company Limited (  2019 interim results for the half year.Company ProfileThe Far Property Company Limited is a real estate development and asset management company with national and international interests. The company is the largest property management company in Botswana and has a presence in markets throughout southern Africa. The Far Property Company was originally established to service a property portfolio to accommodate the Choppies Group which is a national supermarket and hypermarket group. The company is divided into four segments; residential properties, commercial properties, industrial properties and other segments that includes residential and commercial properties available to rent. The Far Property Company was established in 2010 and the head office is in Gaborone, Botswana.last_img read more

CASA PJ / PRISCILLA MULLER, Studio Arquitetura e Design

first_imgManufacturers: Tom Dixon, Vitra, Artefacto, Construtora Green Wood, Hunter Douglas, Jader Almeida, NPK, Pallimanan, Persépolis, Sérgio RodriguesSave this picture!© Eduardo MacariosRecommended ProductsEnclosures / Double Skin FacadesRodecaRound Facade at Omnisport Arena ApeldoornDoorsLinvisibileLinvisibile Curved Hinged Door | AlbaDoorsLibartVertical Retracting Doors – Panora ViewWoodBruagBalcony BalustradesText description provided by the architects. The purpose of this project was to make a retrofit of the residence which contains approximately 890 m². We chose to use straight lines, light colors and pure materials. We sought to highlight the collection of contemporary art and the mix of Brazilian and Italian furniture.Save this picture!© Eduardo MacariosIn the living room, we coated the fireplace with natural stone by Pallimanan and chose to place green walls on both sides containing natural plants and continuous irrigation, putting some of the green of the garden into the interior environment. We maintained the existing flooring and made two large rugs integrating the dinning with the living room, perfect setting for parties.Save this picture!© Eduardo MacariosSave this picture!Ground floor planSave this picture!© Eduardo MacariosWe characterized this environments with important pieces of furniture, such as Tom Dixon’s copper-colored glass pendant and Vitra’s Slow Chair. We treated the walls as galleries, placing paintings of Jose Bechara, Benjamin, Paolo Ridolfi, Mascelo Moscheta, Rodrigo Torres and André Nacli.Save this picture!© Eduardo MacariosThe Balcony was completely redesigned, being transformed into an internal garden which can be used in every season of the year for its versatility. It has a coverage (roof) that allows the entrance of light becoming a warm and cozy place.Save this picture!© Eduardo MacariosIn the intimate areas, we made the project thinking in each phase the couple and their kids were living and their needs pointed out by them. The whole illumination happens indirectly, the technical part it’s by the brand Iluminar, and the decorative by Dsgn Selo.Save this picture!© Eduardo MacariosProject gallerySee allShow lessArchDaily’s Top 11 Projects in 11 YearsArticlesCall for Entries: Emergency Housing MexicoBuilt Projects & Masterplans Share CopyAbout this officePRISCILLA MULLER, Studio Arquitetura e DesignOfficeFollowProductsSteelStone#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesBrazilPublished on March 11, 2019Cite: “CASA PJ / PRISCILLA MULLER, Studio Arquitetura e Design” [Casa PJ / PRISCILLA MULLER, Studio Arquitetura e Design] 11 Mar 2019. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Browse the CatalogPartitionsSkyfoldChoosing the Skyfold Wall for Your SpaceGlass3MSun Control Window Film in MarkthalBathroom AccessorieshansgroheBath & Shower ThermostatsCabinetsFlorenseCabinet – FloAirWood Boards / HPL PanelsBruagStair Railing – CELLON®LightsLouis PoulsenOutdoor Lighting – Flindt GardenBathroom AccessoriesBradley Corporation USAHigh Speed Hand Dryers – Aerix+BoardsForestOneLaminate – EGGER laminatesAcousticSchöckStaircase Insulation – Tronsole®Metal PanelsRHEINZINKPanel Systems – Horizontal PanelWall / Ceiling LightsA-LightAccolade Wall Light at River Dental OfficeBricksStröherClinker Brick Slips – StiltreuMore products »Save世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream Projects Brazil “COPY” ArchDaily Photographer:  Eduardo Macarios Manufacturers Brands with products used in this architecture project “COPY” Architects: PRISCILLA MULLER, Studio Arquitetura e Design Area Area of this architecture project CopyHouses•Brazil CASA PJ / PRISCILLA MULLER, Studio Arquitetura e Designcenter_img Save this picture!© Eduardo Macarios+ 34Curated by Matheus Pereira Share CASA PJ / PRISCILLA MULLER, Studio Arquitetura e DesignSave this projectSaveCASA PJ / PRISCILLA MULLER, Studio Arquitetura e Design ShareFacebookTwitterPinterestWhatsappMailOr Clipboard Photographs Houses 2018 Year:  Area:  890 m² Year Completion year of this architecture project ShareFacebookTwitterPinterestWhatsappMailOr Clipboardlast_img read more

The Complete Guide to FundRaising Management (Wiley/NSFRE Fund Development)

first_imgThe Complete Guide to FundRaising Management (Wiley/NSFRE Fund Development) About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of Researching massive growth in giving. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 27 October 2007 | News  21 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThislast_img read more

Farm Groups Unite to Protect Crop Insurance

first_img“The crop insurance provision contained in the budget would gut the private sector delivery of the crop insurance program by cutting the target rate of return by 38%,” notes the coalition’s letter to all members of Congress. “Under the current target rate of return, crop insurance companies have realized negative net returns since 2011. Further reducing the target rate would only drive the industry further into the red.” National Farmers Union (NFU) joined a broad coalition of 49 groups representing farm interests, equipment manufacturers, banks, insurance companies, credit lenders, and other entities in urging Congressional leadership to keep their promise to American farmers to not cut crop insurance or other farm programs through the omnibus appropriations act. “Cuts to crop insurance translate into further consolidation within the crop insurance sector, providing less choice for family farmers who depend on this cost-effective safety net program,” said NFU President Roger Johnson. “We appreciate the deal struck during the budget negotiations between majority leadership and House and Senate Agriculture Committee leadership. As Congress negotiates an omnibus spending bill, we are urging them to keep their promise to leave the farm bill intact and not make cuts to the federal crop insurance program.” Facebook Twitter As previously reported by Agri-Pulse, “the $3 billion in savings that the cut was supposed to produce will be found in some other, non-agricultural area of the federal budget.” “The crop insurance program is the lynchpin of the farm safety net and is crucial to the economic security of rural America,” says the letter. “As an omnibus spending bill is negotiated, we urge you to uphold the promise to make the crop insurance program whole again without re-opening the farm bill.” Home Indiana Agriculture News Farm Groups Unite to Protect Crop Insurance Facebook Twitter By Gary Truitt – Nov 23, 2015 Farm Groups Unite to Protect Crop Insurancecenter_img SHARE “The farm bill is a careful balance of priorities and should not be reopened before its expiration in 2018,” notes the letter. “Additionally, the crop insurance program has contributed more than $12 billion towards reducing government spending since the 2008 Farm Bill, which well-surpasses the funding added to the program in 2014.” An agreement was struck between U.S. Senate and House of Representatives Republican leadership and the committees of jurisdiction during the recent budget debate to unwind both the policy and the cut to crop insurance made within the budget deal. The letter also notes that the agriculture community is strongly committed to the belief that balancing the federal budget is important, which is why the industry supported the passage of a farm bill just last year that saved $16.6 billion. SHARE “This commitment is very important to our members and to everyone involved in agriculture,” said Johnson. “Just like we opposed this unwarranted cut to crop insurance, our members will also strongly oppose cuts to other important titles of the farm bill, such as additional cuts to conservation, energy and nutrition.” Previous articleWhy We Celebrate Thanksgiving the Way We DoNext articleU.S. Soy Needs Reliable Infrastructure Gary Truittlast_img read more

Women are more at risk as heroin use reaches all-time high…

first_img Previous articleLimerick mother seeks truth about her daughter’s deathNext articleThe fear of dying gave me courage Alan Jacques HEROIN use in Limerick is at an all-time high.With almost 200 people being prescribed methadone in the city, it is estimated that for every one person on the heroin substitute, there are another four using the Class A drug.Sign up for the weekly Limerick Post newsletter Sign Up Rory Keane of the HSE’s Limerick Drug and Alcohol Service says that 238 people are currently attending methadone clinics in the Mid West region. With 172 of those in Limerick, he estimated the number using heroin in the city under 800.Although the exact figures are hard to come by, it is therefore safe to ‘guesstimate’ that the number of heroin users in the city could be between 700 and 1,000. What is known, however, is that back in 2002, there were only 100 heroin users in the city.Drug education and prevention worker for the Limerick City Drug Education Prevention Strategy, Daniel Butler, claims the problem is “rampant”. Mr Butler, who is also a Fine Gael councillor for Limerick City West, believes heroin use has escalated in the last five to six years. He also says that the number of young women using the drug in Limerick is on the rise.“Heroin use in Limerick is rampant and that is not an exaggeration. In the last 18 months in particular it is the worst its been, first of all in supply of heroin, and secondly use. There has been a serious increase. We’re probably seeing it at its worst now than it’s been for the past five or six years, maybe more. There’s been a significant increase,” Mr Butler told the Limerick Post.“We are seeing at homeless shelters now that the profiles of individuals has changed. The old man street drinker is gone and now those in need of help are much younger. A large percentage of those who are deemed homeless are now in shelters because of drug use. If you need heroin you’ll find it,” he claimed.A heroin den on the northside of Limerick city with some of the drugs paraphernaliaMr Butler insists it’s important to point out that addiction “knows no boundaries” and warns, that while there is socio-economic factors to consider, that people are using heroin in all classes of society.“I have come across heroin users from all walks of life. I’ve met successful people, high up, maintaining a career, using heroin. Obviously when they’ve come to my attention it’s starting to affect their career but it goes across society.“There’s not enough of a population in places like Moyross to sustain drug dealers’ business and that’s the reality. So, a lot of the business has to be coming from elsewhere. If you are living in the suburbs you possibly can afford private treatment but this is an issue everywhere,” he maintains.The local drug prevention and education worker refers to heroin as “the headline drug”, but warns that there’s other drugs more widely abused that are maybe as serious if not more so.He is confident that there’s a direct link between the increase of heroin use in Limerick and a worrying trend in young people abusing benzodiazepines. ‘Benzos’ or ‘upjohns’, as they are known — includes drugs such as Xanax and Valium and their deadly street versions such as ‘stick’.“This has become a very serious issue in Limerick. A doctor normally prescribes benzodiazepines, but there’s now a street version known as upjohns that are being widely abused. They are highly addictive and people are taking 10 to 20 of them a day because they’re a fast acting drug.“This is something that’s come to light in the last 12 months and it’s now believed there is a strong link between people using upjohns and then going on to use heroin. These drugs are so strong that people are hallucinating on them and suffering from extreme disorientation.”“For the first time, the HSE Limerick Drug and Alcohol Services have a weed-specific group now because the smoking of cannabis has gotten so bad in the city. The levels of THC, which is the chemical that gives you a high from weed, is 23 per cent. To put that into perspective, when The Beatles were making their music the THC levels of what they were smoking was about six per cent. It’s so strong now that it causes hallucinations, so weed is another big issue at the moment,” he says.As part of his work with DEPS, he supports young people and their families make informed choices towards a healthier lifestyle and promote a sense of community. He also works to prioritise and target prevention interventions on those who are at particular risk of problem drug/alcohol use.“Most people will turn to a substance that’s external to themselves to do something that they are capable of doing internally. They are reaching out for something. We are living in a society where we learn from a young age that we need something to make us feel better. We go the doctor if we’re sick and it’s ‘give me Calpol’. What we forget is that the body is actually capable of doing all this for us,” he concludes.Meanwhile, Limerick Sinn Féin councillor Maurice Quinlivan, a community representative on the Mid West Regional Drugs Task Force, also suggests that we have “a worsening drugs problem”. According to Cllr Quinlivan, heroin use, as well as excessive use of alcohol and prescription drugs, are huge problems across the city.“For too long drugs and the devastating effects they have on our communities, on our kids, their families, and on our city have not been treated as the priority it should,” Cllr Quinlivan commented.“There is no doubt that the drugs issue in Limerick City has worsened, the visible effects of drugs are to all too clear and can be seen with open drug dealing, discarded drug paraphernalia, with the depressing and distressing scenes of addicts begging on our city streets,” he said. Print Twitter Facebook Email Linkedin WhatsApp Advertisement TAGSAlan JacquesCllr Daniel ButlerCllr Maurice QuinlivanfeaturedheroinLimerick City Drug Education Prevention StrategyLimerick Drug and Alcohol ServiceMusic Limerick center_img NewsLocal NewsWomen are more at risk as heroin use reaches all-time high in LimerickBy Alan Jacques – April 10, 2014 961 RELATED ARTICLESMORE FROM AUTHOR Shannondoc operating but only by appointment Walk in Covid testing available in Limerick from Saturday 10th April No vaccines in Limerick yet First Irish death from Coronavirus Families and workers must be supported through public health emergency Surgeries and clinic cancellations extendedlast_img read more

FHA Chief Golding Defends Agency’s Health to Congress

first_imgHome / Daily Dose / FHA Chief Golding Defends Agency’s Health to Congress The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Related Articles The Best Markets For Residential Property Investors 2 days ago The Federal Housing Administration (FHA)’s Mutual Mortgage Insurance (MMI) Fund, Home Equity Conversion Mortgage (HECM) program, and the Agency’s mission were the focal points in Principal Deputy Assistant Secretary Edward Golding’s testimony before the House Subcommittee on Housing and Insurance on Thursday.The hearing, titled “The Future of Housing in America: Examining the Health of the Federal Housing Administration,” was the sixth on the topic in the House Subcommittee on Housing and Industry during the 114th Congress.The capital ratio of the MMI Fund sat at 0.41 percent, less than a quarter of its 2 percent minimum required by Congress, for Fiscal Year 2014. For FY 2015, that number shot up to 2.07 percent, even after the FHA took some heat for lowering the MMI premium by 50 basis points in January 2015.“FHA’s Mutual Mortgage Insurance Fund bore the strain of the Great Recession, falling below its required capital reserve and eventually taking a mandatory appropriation in 2013,” Golding said in his testimony on Thursday. “However, FHA’s focus on risk management, increasing revenue, and program improvements resulted in the ratio returning to 2 percent in 2015. This achievement was the result of FHA’s prudent policy changes, and an ability to work with Congress to pass stabilizing legislation and quickly implement program changes over the course of several years.”Citing a 14 percent year-over-year spike in building permits and an 11 percent increase in housing starts over-the-year in 2015, along with the recent announcement that the unemployment rate had dipped below 5 percent, Golding said stated that “FHA’s position is strong and continues to improve. FHA remains committed to its mission to address underserved borrowers and mortgage markets.”Edward GoldingHouse Subcommittee on Housing an Insurance Chairman Blaine Luetkemeyer (R-Missouri) was skeptical, however. Luetkemeyer claimed that while the FHA’s mission has historically focused on first-time homebuyers and creditworthy low- and moderate-income buyers, “FHA has morphed from a mortgage insurer of last resort to a dominant component of our mortgage finance system by expanding its insurance to higher income borrowers and houses in the upper end of the marketplace.”Luetkemeyer stated that “FHA has suffered a case of mission creep, and the unfortunate truth is that the lack of sound underwriting and risk management puts both homebuyers and U.S. taxpayers at risk. While the most recent independent actuarial report showed signs of a modestly healthier agency, the bottom line is that FHA is still in a precarious state.”Golding defended against the assertion that the FHA’s mission had drifted away from its original intention, noting that 82 percent of all FHA purchase originations in FY2015 were to first-time homebuyers (totaling more than 614,000 loans).“With its low down-payment requirement, FHA has served as a pathway to homeownership for first-time homebuyers,” Golding said. “This has been especially true in recent years, as credit restrictions and higher financing costs have impeded many potential borrowers, including those that would previously have been served by the conventional market.”The Subcommittee called the FHA’s efforts to solve its fiscal problems by lowering the mortgage insurance premiums “misguided and counterproductive” because they believe it places taxpayers at risk of more bailouts, underprices risk and results in the FHA suffering more losses, and discourages private investor involvement in mortgage finance.Golding defended the lowering of the premium, stating that “FHA’s decision to reduce premiums created the opportunity for more than 100,000 families to become homeowners and further bolster our nation’s housing market.”On the FHA’s HECM portfolio, which was the main driver of pushing the MMI Fund capital ratio above 2 percent, Golding stated that “FHA feels that it has effectively responded to the programmatic issues affecting the loan level performance of HECM. Improvements like the provision of greater lender flexibility to use loss mitigation for eligible borrowers, limiting the amount of money that can be taken from the property, and removing riskier HECM product options, appear to have proven useful in reducing losses to the Fund.”Click here to read Golding’s full testimony.  Print This Post Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. in Daily Dose, Featured, Government, News Sign up for DS News Daily Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: It’s Settled: Morgan Stanley Agrees to Pay $3.2 Billion to Resolve Toxic MBS Claims Next: Survey: Majority Supports Leveraging Private Capital to Reduce GSE, Taxpayer Riskcenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: Ed Golding Federal Housing Administration FHA House Subcommittee on Housing and Insurance FHA Chief Golding Defends Agency’s Health to Congress About Author: Brian Honea The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Ed Golding Federal Housing Administration FHA House Subcommittee on Housing and Insurance 2016-02-11 Brian Honea February 11, 2016 1,738 Views Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Subscribelast_img read more

Examining FHFA’s Commitment to Diversity

first_imgHome / D&I / Examining FHFA’s Commitment to Diversity Related Articles Examining FHFA’s Commitment to Diversity Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save The Best Markets For Residential Property Investors 2 days ago Chuck Green has contributed to the Wall Street Journal, Washington Post, Los Angeles Times, San Francisco Chronicle, Chicago Tribune and others covering various industries, including real estate, business and banking, technology, and sports. Minority representation in FHFA’s workforce is gaining a foothold, according to a report from workforce swelled from 241 minority employees in 2016 to 286 last year—a surge that’s also reflected across FHFA’s top six mission-critical occupations, from 37.0% in 2019 to 41.5% in 2020.That’s not all. Contracts and obligated spend to Minority-and Women-Owned Businesses catapulted from 172 contracts in 2019, valued at $10,742,889, to 203 contracts last year. Their value, $12,960,984, is a jump of 18% among those types of contracts and a 21% hopscotch in obligated spend (Nominal values.)Established last December, the newly developed comprehensive D&I Report of Examination is another step in cementing the agency’s commitment to more effective oversight of the D&I programs of its regulated entities in all business and activities. The ROE’s newly implement3ed D&I Composite Rating will better inform FHFA’s assessment of the regulated entities’ D&I programs and their performance.In a September 2020 report assessing FHFA’s oversight of Fannie Mae and Freddie Mac, the Government Accountability Office found both “made progress in implementing the diversity and inclusion requirements” of FHFA’s Minority and Women Inclusion rule. No findings or recommendations were included.The House Financial Services Committee in 2020 held a hearing to review data on diversity and inclusion within banking institutions in the U.S.Chairwoman of the Financial Services Committee Maxine Waters (D-California) called the hearing “historic and groundbreaking.”The 44 banks who submitted data have more than $50 billion assets, and Waters said the information provided is essential to the industry.“The information they have provided is illuminating and is something that the American public deserves to see,” she said.Waters added that she hoped the hearing brings diversity “out of the shadows and into the light.”The report found that banking institutions were 58% white in 2018, which was lower than the national average of 63%. African-Americans made up 12% of the workforce populations of financial institutions, Hispanics accounted for 11%, and the Asian population was 12%.The Hispanic workforce in American averaged 16% and Asians accounted for 6%. Previous: COVID-19: One Year Later Next: How Property Owners Can Prepare Financially for a Tornado Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Subscribe Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago in D&I, Daily Dose, Featured, Government, News About Author: Chuck Green The Week Ahead: Nearing the Forbearance Exit 2 days ago  Print This Post 2021-04-01 Christina Hughes Babb Governmental Measures Target Expanded Access to Affordable Housing 2 days ago April 1, 2021 795 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days agolast_img read more