Risk-based capital

first_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr by. Anthony DemangoneSure, leadership is about communicating clearly, creating a vision and motivating your colleagues to reach their full potential.But sometimes, it is about recognizing when your credit union or the industry is driving into a buzz-saw.At NAFCU, we think that’s about to happen with NCUA’s Risk-Based Capital proposal.Here’s a link to NCUA’s proposal.Here’s a link to NAFCU’s Risk-Based Capital resource page.NAFCU’s RBC Talking Points – great if you are preparing your own comment letter, or if you want an overview of our concerns.Here are the comment letters already received by NCUA.What’s the big deal? The proposal would revise the risk-weights for many of NCUA’s current asset classifications and require higher minimum levels of capital for many credit unions with concentrations of assets in real estate loans, MBLs or higher levels of delinquent loans. It even would allow NCUA to require a credit union to hold higher levels of risk-based capital based on “supervisory concerns.”If the risk-weights are wrong, which NAFCU believes they are, credit unions will needlessly waste valuable capital. For example, under the proposal, non-delinquent first mortgage real estate loans start at a 50 percent risk-weight for those loans that represent less than 25% of a credit union’s assets, then jumps to 75 percent for those from 25-35% of assets, and finally goes all the way to 100 percent for those that comprise more than 35% of the assets of the credit union’s portfolio. (Compare this to the FDIC, which weights non-delinquent first mortgage real estate loans at 50 percent, regardless of concentration.) continue reading »last_img read more

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Letter

first_img Letter Conflict Counsel I take exception to the implication that the Florida Legislature is forced to create another level of government because conflict counsel costs have skyrocketed as a result of attorney greed. Wait a minute. The November 1 News story “Lawsuit delays conflict counsel facilities request” represented that Jeff Lewis, regional counsel for the First District, knows one Florida lawyer is (was) making more than $576,000 a year on conflict cases.Assuming counsel is billing at a rate of $100 per hour, I calculate he is billing 15.5 hours a day, 365 days a year. Are you kidding me? The legislature believes it is forced to create another bureaucracy because our profession cannot be trusted or restrained? More government is not the answer. Shameful. This is what our legislators think? With this perception, nothing less than our profession is at stake.I know many fine, efficient, and caring attorneys who accepted criminal conflict and child dependency cases. Most do so at half or less than half their normal hourly rate. No government can be as efficient as these honest, hardworking, and caring individuals. The problem is obvious, so is the solution. Michael R. Reiter Lynn Haven Letter December 15, 2007 Regular Newslast_img read more

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St. Johns County Legal Aid celebrates pro bono work

first_imgSt. Johns County Legal Aid celebrates pro bono work February 1, 2014 Regular News MEGAN WALL OF ST. JOHNS COUNTY LEGAL AID, along with local judges, recently presented St. Johns County Legal Aid’s 2013 Pro Bono Awards. Each recipient performed upward of 100 hours of pro bono service, with some providing as many as 300 hours. Back row, from left, are Judge John Alexander, Tom Pycraft, Judge Howard Maltz, Michael Pelkowski, Judge Charles Tinlin, Judge Clyde Wolfe, Amanda Edwards, David Naples, Putnam Judge Scott Duponte, Adam Thoresen, attorney St. Johns Legal Aid, and Megan Wall, managing attorney of St. Johns Legal Aid. Front row, from left, are Rusty Collins, Jay Grife, Anne Marie Gennusa, Carol Daniels, Rebecca Lavie, and Tom Cushman.last_img read more

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‘PG’ becomes X-rated as Irish banks play hard ball

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Charles Avenue to be rehabilitated

first_img Share Share LocalNews Charles Avenue to be rehabilitated by: Dominica Vibes News – February 7, 2017 Sharing is caring! 448 Views   no discussionscenter_img Tweet Share Senator Miriam Blanchard (file photo)The tendering process for the rehabilitation of Charles Avenue, Goodwill will commence this week, the Minister for Public Works has announced.Senator Miriam Blanchard revealed on Friday 3 February 2017 that this is part of government’s efforts and commitment to the island’s development in order to improve the standard of living of all. Finance Minister, Prime Minister Roosevelt Skerrit announced during a press conference in January that estimates and designs for the rehabilitation of Charles Avenue had been completed. Senator Blanchard, who was speaking during the contract signing ceremony for the rehabilitation of the Stockfarm Road, informed that following a further review of the estimates and designs, the Charles Avenue rehabilitation project will go out to tender on Monday 6 February.“We all recall that this project will be funded through funds or revenue collected from the Road Maintenance levy. We expect work on Charles Avenue to commence by the start of the second quarter of the year,” Blanchard indicated.Blanchard said the government is aware of the deteriorating road conditions in other parts of the island caused mainly by above average and extended wet season.Accordingly, government has embarked on the assessment of all roads with a view to begin an aggressive island-wide road rehabilitation programme.Meanwhile, some of the projects under construction include realignment of the Cabannis Road in the Roseau Valley. “We all recall on December 28th 2016, that a section of that road collapsed due to a road edge failure rendering the road unsafe for vehicular traffic and making it impassable. The government then moved swiftly within a matter of days to commence the realignment of this road. Work is progressing smoothly and this is a fact that visible to all,” Blanchard stated. She added that this government’s commitment to the safety and the welfare of its people “cannot be denied”.In addition, rehabilitation of three hundred meters of the Salisbury main road continues.“In fact I visited that project [Salisbury] on Wednesday [1 February 2017] afternoon and work is progressing as per schedule,” Minister Blanchard said.last_img read more

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6G to Use Ultra-Rapid Electro-Optical Modulators to Convert Terahertz into Optical Signals

first_imgWhile the world eagerly waits to use the full potential of 5G cellular technology, researchers are now already working on technologies for the next generation of wireless data transmission – “6G”. The sixth generation update is expected to have far higher transmission rates and shorter delays than 5G, and also an increased device density, with artificial intelligence (AI) playing an important role. But on the way towards the sixth generation cellular network, many challenges have to be mastered regarding both individual components and their interaction.Future wireless data networks will have to reach higher transmission rates and shorter delays, while supplying an increasing number of end devices. For this purpose, network structures consisting of many small radio cells will be required. To connect these cells, high-performance transmission lines at high frequencies up to the terahertz range will be needed. Moreover, seamless connection to glass fiber networks must be ensured, if possible. Addressing the challenge, researchers at the Karlsruhe Institute of Technology (KIT), as published in the journal Nature Photonics, have used ultra-rapid electro-optical modulators to convert terahertz data signals into optical signals.The next generation of wireless networks will consist of a number of small radio cells to quickly and efficiently transmit large data volumes. These cells will be connected by transmission lines, which can handle tens or even hundreds of gigabits per second per link. The necessary frequencies are in the terahertz range, i.e. between microwaves and infrared radiation in the electromagnetic spectrum. In addition, wireless transmission paths have to be seamlessly connected to glass fiber networks. In this way, the advantages of both technologies, i.e. high capacity and reliability as well as mobility and flexibility, will be combined.Scientists of the KIT Institutes of Photonics and Quantum Electronics (IPQ), Microstructure Technology (IMT), and Radio Frequency Engineering and Electronics (IHE) and the Fraunhofer Institute for Applied Solid State Physics IAF, Freiburg, have now developed a promising approach to converting data streams between the terahertz and optical domains. As reported in Nature Photonics, they use ultra-rapid electro-optical modulators to directly convert a terahertz data signal into an optical signal and to directly couple the receiver antenna to a glass fiber.In their experiment, the scientists selected a carrier frequency of about 0.29 THz and reached a transmission rate of 50 Gbit/s. According to Professor Christian Koos, Head of IPQ and Member of the Board of Directors of IMT, the modulator is based on a plasmonic nanostructure and has a bandwidth of more than 0.36 THz. The results reveal the great potential of nano-photonic components for ultra-rapid signal processing. The concept demonstrated by the researchers will considerably reduce the technical complexity of future radio base stations and enable terahertz connections with very high data rates – several hundred gigabits per second are feasible.Click here to read the published paper.last_img read more

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Former President George H.W. Bush Moved Out of ICU

first_imgABC News(HOUSTON) — Doctors treating former President George H.W. Bush and his wife at a Houston hospital said on Monday the former president is out of the ICU, and the former first lady has been discharged.George Bush, 92, was admitted to Houston Methodist Hospital on Jan. 14 after exhibiting shortness of breath, and has been treated for pneumonia in the intensive care unit during his stay.Barbara Bush, 91, entered the same hospital Wednesday with bronchitis. President and Mrs @GeorgeHWBush thank their fellow Americans and friends from around the world for their prayers and good wishes. pic.twitter.com/PhpXXGKl6p— Jim McGrath (@jgm41) January 23, 2017Drs. Amy Mynderse and Clint Doerr, who have been treating the Bushes, answered reporters’ questions about their medical treatment Monday morning.Copyright © 2017, ABC Radio. All rights reserved.Powered by WPeMatico Relatedlast_img read more

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