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

IACP Announces Recipients of 2004 Award of Excellence

first_imgThe recipients of the International Association of Culinary Professionals (IACP) Awards of Excellence were announced on Saturday, April 24 during the 26th annual conference of the IACP in Baltimore, Maryland at the Baltimore Convention Center.The award for outstanding Vocational Cooking School was given to The New England Culinary Institute (NECI), located in Montpelier, Vermont, an IACP-member cooking school that provides a superior educational experience for students pursuing a career in the culinary industry. NECI offers an AOS in Culinary Arts, AOS in Food and Beverage Management, AOS in Baking and Pastry, BA in Food and Beverage Management and Certificate Programs in both Baking and Pastry and Basic Cooking.New England Culinary Institute has been training future chefs and food and beverage professionals since 1980. The award was given in recognition of the outstanding education the schools provides, including one of the smallest student to teacher ratios in the industry. In addition, students learn their skills in eleven food service operations, including bakeries, popular priced restaurants, fine dining restaurants cafeteria and catering. Students spend 75% of their time working with chefs to produce meals for paying customers.The NECI educational model is ‘standards based” which means students are not graded on their culinary skills or knowledge, but rather they have to meet or exceed a standard of competency in each and every skill. This ensures that they leave for their internship with a strong culinary competence and understanding.Alton Brown, ’97 graduate of NECI and creator of Good Eats on the Food Network, says, “ With an education from NECI, you have the benefits of both the ‘real world’ education and NECI’s strong reputation in the industry. You are prepared to follow your dreams.”Founded in 1978, the International Association of Culinary Professionals (IACP) has approximately 4,000 members worldwide, representing a “who’s who” in the world of food and include cooking teachers and cooking school owners; caterers, chefs and restaurateurs; food writers and cookbook authors; editors and publishers of the world’s consumer and trade press; food stylists and photographers; vintners; television personalities; recipe developers and many others with a special interest in the culinary arts. This unique, diverse membership sets trends, shapes opinion and influences buying habits of millions of consumers.last_img read more

Is yours a capital plot?

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Cadets traveled to Spain, can we get the New Gold?

first_imgThe cadet basketball team of BiH, led by coach Josip Pandža, traveled to Spain where the World Cup will be played from the 23rd of June to the 3rd of July.Selector Pandža was cautious in his media statements and he did not promise any gold or medals, but he honestly said that their goal is to pass in the quarter-finals, “and for the rest we shall see.”Given the fact that cadets became the champions of Europe last year, they are are now under additional pressure and they promised to do their best to make the nation proud.BiH is in the group with the Dominican Republic, France and South Korea. The first match will be played on Saturday, the 23rd of June, with the Dominican Republic, on the 25th of June with France, and on the 26th of June with South Korea.Colors of BiH in Spain will defend following players: captain Džanan Musa, Sani Čampara, Emir Čerkezović, Adi Alikadić, Aljoša Janković, Drago Cvitanović, Lazar Mutić, Srđan Kočić, Miladin Vlačić, Amer Barukčija, Emir Bačvić, and Vedran Mirković.(Source: nap.ba)last_img read more