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

John Mayer Announces Extensive Tour, Will Play With The Trio, Acoustic & Full Live Band

first_imgJohn Mayer has announced a huge Spring tour that will take him across North America and Europe, his first major tour as a solo artist in years. Mayer will combine his varied talents into one show, promising an acoustic set, a set with the John Mayer Trio (featuring bassist Pino Palladino and drummer Steve Jordan), and a set with his full live band as well.This is quite the exciting announcement for John Mayer fans. After a few years away from the limelight as a result of a vocal chord injury (and subsequent surgery), Mayer surprised many when he re-emerged as a member of Dead & Company in 2015. However, he quickly proved himself, gaining hordes of new fans along the way as he impressed the Grateful Dead masses at giant venues like Citi Field, Fenway Park, Folsom Field, and The Gorge.Now, after releasing the first part of his new album, the multi-sectional The Search For Everything, earlier this year, Mayer will finally return to the road as a solo artist, bringing all of his best music and bandmates with him for what’s sure to be an awesome musical experience.Mayer will kick off his tour at the Times Union Center in Albany, NY on March 31st. The tour will take him to Madison Square Garden in New York, the Wells Fargo Center in Philadelphia, The Forum in Inglewood, and the Air Canada Centre in Toronto. There are fifteen North American dates in all, with the tour finishing off at the Mandalay Bay Events Center in Las Vegas on April 22nd. The tour will then move to Europe, where Mayer will make stops in Amsterdam, Copenhagen, Oslo, London, and more.See the official announcement video below for more details. There is an American Express pre-sale starting tomorrow, Tuesday January 31st, at 10:00 A.M. local time, with a regular on-sale set for Friday, February 3rd at 10 A.M. local time. Make sure to check John Mayer’s Facebook page for full details on the tour and information on how to purchase tickets in your local market.John Mayer 2017 Tour DatesMAR 31 – Times Union Center – AlbanyAPR 1 – Centre Bell – Evenko – Montreal, QC, CanadaAPR 3 – Air Canada Centre – Toronto, ON, CanadaAPR 5 – Madison Square Garden, New York, NYAPR 6 – Verizon Center, Washington D.C.APR 7 – Wells Fargo Center – Philadelphia, PAAPR 9 – TD Garden – Boston, MAAPR 11 – United Center – Chicago, ILAPR 12 – The Schottenstein Center – Columbus, OHAPR 14 – The Sprint Center – Kansas City, MOAPR 15 – Xcel Energy Center – Saint Paul, MNAPR 17 – Rogers Place – Edmonton, AB, CanadaAPR 19 – Rogers Arena – Vancouver, BC, CanadaAPR 21 – The Forum – Inglewood, CAAPR 22 – Mandalay Bay Events Center – Las Vegas, NVMAY 3 – Ziggo Dome – Amsterdam, NetherlandsMAY 5 – Jyske Bank Boxen – Herning, DenmarkMAY 7 – Ericcson Globen Arena – Stockholm, SwedenMAY 8 – Oslo Spektrum Arena – Oslo, NorwayMAY 9 – Royal Arena – Copenhagen, DenmarkMAY 12 – The 02 arena, London – London, United Kingdomlast_img read more