OCC Testing Financial Institution Risk and Capital

first_img Servicers Navigate the Post-Pandemic World 2 days ago Related Articles About Author: Seth Welborn 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. Data Provider Black Knight to Acquire Top of Mind 2 days ago The Office of the Comptroller of the Currency (OCC) released economic and financial market scenarios for use in the upcoming stress tests for covered institutions.The supervisory scenarios include baseline and severely adverse scenarios, as described in the OCC’s final rule that implements stress test requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.The Dodd-Frank Act requires certain financial companies, including certain national banks and federal savings associations, to conduct annual stress tests. The OCC’s stress test rule states that the OCC will provide scenarios to covered institutions by February 15 of each year.Covered institutions are required to use the scenarios to conduct annual stress tests. The results of the company-run stress tests provide the OCC with forward-looking information used in bank supervision and will assist the agency in assessing the company’s risk profile and capital adequacy.The supervisory scenarios include baseline and severely adverse scenarios, as described in the OCC’s final rule that implements stress test requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.Covered institutions are required to use the scenarios to conduct annual stress tests. The results of the company-run stress tests provide the OCC with forward-looking information used in bank supervision and will assist the agency in assessing the company’s risk profile and capital adequacy.”The results of the company-run stress tests provide the OCC with forward-looking information used in bank supervision and will assist the agency in assessing the company’s risk profile and capital adequacy,” the OCC said in a statement. “The objective of the annual company-run stress test is to ensure that institutions have robust, forward-looking capital planning processes that account for their unique risks, and to help ensure that institutions have sufficient capital to continue operations throughout times of economic and financial stress.”The 2020 scenario and background information can be found on the OCC’s stress test website. The final policy statement on the development and distribution of the scenarios was issued on October 28, 2013, in the Federal Register. Previous: Big Apple Tax Changes Could Impact Investors Next: The Week Ahead: Measuring Housing Debt February 7, 2020 1,044 Views Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago OCC Testing Financial Institution Risk and Capital Tagged with: Comptroller OCC Recession Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Postcenter_img Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Government, News Demand Propels Home Prices Upward 2 days ago Share Save Home / Daily Dose / OCC Testing Financial Institution Risk and Capital Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Comptroller OCC Recession 2020-02-07 Seth Welborn Sign up for DS News Daily Subscribelast_img read more

Adopt the E-list for pre-work checks

first_imgPre-employment health assessments are an important function of theoccupational health practitioner. Yet, there is a very limited awareness of therelevant research findings throughout the profession, said Dr Stuart Whitaker,director of nursing at BMI Health Services. In his presentation, ‘Pre-employment Assessment – a Current Perspective’, hetook dele- gates through what is known as ‘Whitaker’s seven Es model ofoccupational health’. The model comprises: evidence-based practice – Whitakerargues: “The only thing that separates the professional from the charlatanis the use of objective evidence that practitioners research forthemselves”; effective – “so that what we do has an impact”;efficient – bearing in mind that pre-employment health checks are estimated totake up 40 per cent of an OHN’s time; ethical – as it is one of the areas wherepeople must disclose this kind of personal information; economic – OHNs operatein an environment where resources, costs and value for money are importantconsiderations; enjoyable – when a nurse brings confidence and pleasure in whatthey do into practice; and excitement – to give energy to the practice. Whitaker, who completed a PhD thesis, A critical evaluation ofpre-employment health assessment in the NHS in 1997, said perhaps it is timefor OHNs to question whether pre-employment assessments are really worthwhile. Adopt the E-list for pre-work checksOn 1 May 2003 in Personnel Today Related posts:No related photos. Previous Article Next Article Comments are closed. last_img read more

David Smart: Mr Daddy Longlegs

first_imgAs the saying goes, “if you live your life on social media, one day it will bite you” and, of course, we are no exception to that rule. Our Facebook account is updated almost daily, depicting new products and new promotional ideas. We also have Twitter, Instagram and a whole host of other strands of techno wizardry to push the Greenhalgh’s name out there.A short time ago, a legitimate complaint (as we thought) was phoned through: a crane fly (a daddy longlegs to you and me) dared to fly into the bakery, through the van bay, dispatch area, the packing area, and into the dough room, navigate itself past six or more fly zappers and squeeze itself into a practically fully encased machine. I mean this little guy was determined to end up on the bottom of one of our rolls. I am sure it wasn’t pleasant to witness – especially when you are going to take a bite out of it – but sadly it does happen, thankfully very, very rarely indeed.Like most companies out there, we have rigorous procedures in dealing with and trying to appease otherwise loyal customers, as naturally we wish to keep their business going forward. We don’t bribe, we don’t lavish gifts of one form or another in order to placate their alleged hurt feelings. We simply apologise sincerely and try to replace their lunch with Greenhalgh’s product tokens, to the value of around £5. Normally, the general public does see sense and accepts our apology, and we keep their custom, with thanks.Before the advent of the internet, disgruntled customers would try to frighten us with suggestions like, “Getting the health after you!” Little did they know that we have an amazingly enviable association and reputation with our local authority.This customer in question, however, demanded £250, he said, “or else I`ll push the button”. He thought this was a very acceptable form of behaviour as he professed that a fast food business had paid twice that to a colleague of his – we have since found out that this was untrue. We also learnt that he uploaded a video of said daddy longlegs to a ‘cash for news’ website, so that every time a network took the story, he got a commission (I wonder if the tax man knows that one). His main objective, it seems, was solely to discredit us, while gaining money for himself. What kind of malicious, vindictive behaviour and self-pitying, spiteful actions motivate this person? And all because a company stood up to back-door intimidation or blackmail!It is social media that is unrestricted, unregulated by nature and a media for all. What isn’t always obvious is that it is a tool for anybody to spread all kinds of hurtful content – whether it be true, semi-true or just their impressions and whether you like it or not. And there’s not an awful lot you can do about it either.The best way to deal with cyber thugs, we have found, is to have a robust policy and stick to it. Never enter into a war of words via the net, as that’s just cheap entertainment for the uninterested. Don’t retaliate unless they have criminally crossed the line; just hold your head high, believe in your accredited excellent standards and support all those who work hard within every department to produce quality 24 hours a day. 52 weeks of the year. Let’s face it, that ‘news’ is tomorrow’s chip papers and, after a while, it becomes boring, uninteresting and the perpetrators go away.last_img