Hints and tips:
...They also point out that the FSCS would step in if there was a failure. Disclosure on funded reinsurance is partial....
...ETF in the week before its ex-dividend date, or the date at which new subscribers were not eligible to receive dividends, to receive the payout, according to data from the Taiwan Depository and Clearing Corporation...
...They added that these shortcomings undermined confidence in the FSCS and reduced its effectiveness in preventing bank runs....
...Meanwhile the FSCS is essentially an unfunded scheme....
...In one example, only a small part of a $500m “sustainability bond” issued by Korea Gas Corporation was allocated to low-carbon transport projects....
...Because they gave favourable tax treatment to overseas sales, the FSC and a successor were declared an illicit export subsidy by the WTO following a lot of painfully complex litigation....
...The FSCS will pay 90 per cent of all benefits to all members – retired and not yet retired – with no cap. Buyouts are more common for schemes with retired, rather than active, members....
...On buyout, the protection regime switches from PPF to the Financial Services Compensation Scheme (FSCS)....
...After South Korea's government forced large corporations to shed debt following the 1997 Asian crisis, its banks turned to consumers for asset growth....
...A $5.5bn (£3.5bn) order from Air Lease Corporation for 60 of Boeing’s new 737 Max jetliners is likely to be one of the biggest unveiled at the show - Gulf rivals vie for Marriotts: Abu Dhabi and Qatar...
...Back to Nomura and some more questions: - The company recently organized a site visit in Heyuan, Guangdong province, which has obtained FSC certification....
...According to the Gibraltar Insurance Association, the attractions of the Rock to captive vehicles are manifold, starting with the new 10 per cent corporation tax rate, the absence of value-added and capital...
...Services Compensation Scheme (FSCS)....
...According to the FSC, the shipping industry owes about Won16,000bn to local banks including state-run Korea Development Bank and Shinhan Bank....
...banks pony up for the deposit insurance provided by the Financial Services Compensation Scheme (something that’s already being trialled in the USA with FSCS’s counterpart, the Federal Deposit Insurance Corporation...
...top-up from the FSCS....
...The FSC said most such assets were mortgage-backed securities that the institutions planned to hold to maturity. “There will be very small, if any, losses,” Lee Jihchu, FSC deputy chairwoman, said....
...Other money market funds spread their investments over a large number of corporations – or choose not to invest in company debt at all - to reduce credit risk....
...“[We are] looking at the application but we are not likely to make any decision by the deadline,” a senior FSC official in the banking division said....
...Allan Bell, Treasury minister, says the FSC has proved its worth. He dismisses the idea of a conflict of interest, saying that Mr Cashen stepped back from decisions on KS&F....
...The Federal Deposit Insurance Corporation is pre-funded – while the UK scheme prefers ‘pay as you go’, levying the industry for funds as needed....
...The US Federal Deposit Insurance Corporation aims to do this within a day; the UK scheme will not be effective until it approaches that benchmark....
...Mr Hu said the FSC’s current supervisory regime was all theory, lacked an action plan and had been badly exposed by the Rebar Group’s collapse....
...In the US the rules of the Federal Deposit Insurance Corporation guarantees $100,000....
...Moreover, the FSC said Chinatrust had misappropriated funds raised for the purpose of expanding the bank’s loan business last year to buy the derivatives....
International Edition