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Key points in the Dear CEO letter include: The activity of lending to an SME sits mostly outside the FCA’s scope but the Senior Managers and Certification Regime (SMCR) defines the responsibilities and accountability of senior managers in banks in a way which applies to all activities they conduct whether they are regulated or not. [read post]
16 Apr 2020, 3:24 am by Simon Lovegrove (UK)
In particular, greater resilience of major banks at the core of the financial system has allowed the system to date largely to absorb rather than amplify the current macroeconomic shock. [read post]
16 Apr 2020, 3:23 am by Jochen Vester (UK)
These adjustments reduce requirements for all banks with exposures to these countries. [read post]
15 Apr 2020, 5:00 am by Jeff Campbell
We provided a $200,000 Cisco Foundation grant to Feeding America to help food banks across the country as they support communities impacted by the pandemic. [read post]
15 Apr 2020, 4:12 am by Daniel Jin
The public guidance is being continually updated by the UK Government, HM Treasury and the Bank of England which is being closely monitored. [read post]
14 Apr 2020, 8:00 pm by Shannon O'Hare
The scheme is provided by the British Business Bank via participating lenders, a list of which can be found here. [read post]
14 Apr 2020, 4:59 pm by Rachel Casper
 Some key tips on managing financial impacts from the guide follow. [read post]
14 Apr 2020, 11:14 am by Jon Lewis, Mary B. McCord
Simply put, the material support statute has been a key to the success of the U.S. government’s counterterrorism program. [read post]
14 Apr 2020, 7:37 am
The key consideration is whether Covid-19 amounts to an interruption of their respective businesses or to an event beyond their control. [read post]
14 Apr 2020, 6:00 am by Paula Lombardi
Also, in the Spring of 2019 the Bank of Canada identified climate change as one of the key vulnerabilities for the financial system stating that it posed “physical risks from disruptive weather events and transition risks from adapting to a lower-carbon global economy. [read post]
13 Apr 2020, 1:34 pm by Marina Chafa
A key component of the CARES Act is the Paycheck Protection Program, a $350 billion loan forgiveness program administered by the Small Business Administration (“SBA”) that incentivizes small businesses to retain their employees through the COVID-19 crisis. [read post]
It could be something they know (like their mother’s maiden name), something they have (like a bank card), or something they are (a physical characteristic like a fingerprint or typing speed). [read post]
12 Apr 2020, 9:00 am by Sabrina I. Pacifici
“The FRASER team at the Federal Reserve Bank of St. [read post]
12 Apr 2020, 3:00 am by Pushkar Taimni
One of the key elements and a standard clause in a contract is a “Force Majeure” clause. [read post]
10 Apr 2020, 4:51 pm by Peter Carson
The summary we are releasing today highlights key aspects of, and compares differences between, the two types of loans that are available under the Main Street Lending Program. [read post]
10 Apr 2020, 2:14 pm by Olivia Cross
Air bank capacity and blow rate were very limited by design, making nuclear propulsion the only way to bring the submarine to the surface. 2. [read post]