No dividend hikes, share buybacks for banks and insurers until lockdowns end: OSFI

first_img How should banks allocate capital for crypto? “We would need a substantial reduction in the uncertainty…and we would want to be confident that there is not a second, pandemic-induced setback for the economy before we could give serious consideration to lifting the restrictions.”Rudin’s remarks come as the globe marks one year since Covid-19 was detected and identified in China, eventually leading to worldwide spread and economic turmoil.At the onset of the pandemic, OSFI banned executive compensation hikes, dividend increases and common share buybacks in an effort to keep banks and insurers stable even as other companies declared bankruptcy, resorted to mass layoffs and contended with lockdowns that left their businesses closed for long periods of time.While many sectors have continued to struggle, the major banks and insurers posted a profit in their most recent quarters, prompting questions around whether it’s time to loosen the rules.While OSFI debates the future of the restrictions, it is watching what approach other countries are taking, said Rudin, while speaking at the Royal Bank of Canada’s Canadian bank CEO conference on Monday.Regulators in Europe, for example, forced banks to reduce or suspend dividends, he said.“The restrictions that we brought in at the onset of the pandemic were much less severe than those of most regulators and supervisors around the world,” he said.Canadian banks have yet to push the regulator to ease up.Bank of Montreal chief executive Darryl White told the RBC conference that he is “sympathetic” to a longer period of restrictions.“When you lift restrictions the dividend question is different from the buy back question because buy backs get turned on and off pretty easily, but dividend increases don’t get reversed pretty easily,” he said.White said he will leave it to regulators to decide when it is appropriate to change the rules, but BMO will be ready to contend with policy shifts whenever they arrive.When he was asked if the regulations should be eased in December, RBC chief executive Dave McKay said, “caution still should rule the day.”“I wouldn’t push the regulator right now, but as things progress, as we start to see more stability and clarity in a normalized world, then it would be appropriate.” The head of Canada’s federal banking regulator won’t consider lifting restrictions that have kept banks and insurers from hiking dividends, offering share buybacks or increasing executive compensation until Covid-19 lockdowns have subsided.“When we see a clear path to a durable recovery then that becomes possible, and that is certainty not the circumstance in which we find ourselves today,” said Jeremy Rudin, the Superintendent of Financial Institutions, on Monday. Keywords Dividends,  Banking industry,  Insurance,  CoronavirusCompanies Office of the Superintendent of Financial Institutions Insurance regulators consult on conduct principles Facebook LinkedIn Twitter Canadian Press FSRA reviews 57 life agent reporting forms Modern urban skyscrapers in downtown Chicago from below to the blue summer sky. Sun reflecting in the glass facades of the urban futuristic buildings. Chicago, Illinois, USA iStock Share this article and your comments with peers on social media Related newslast_img read more

FEI to Host Global Congress on NSAID Use in Competition

first_img We’ll send you our regular newsletter and include you in our monthly giveaways. PLUS, you’ll receive our exclusive Rider Fitness digital edition with 15 exercises for more effective riding. Email* Horse Sport Enews Subscribe to the Horse Sport newsletter and get an exclusive bonus digital edition! The FEI is to host a two-day global Congress to debate the use of Non-Steroidal Anti-Inflammatory Drugs in competition. The FEI Congress on NSAIDs Usage and Medication in the Equine Athlete, which will be held in Lausanne*, Switzerland on August 16/17, will include the presentation of educational and scientific papers as well as open debate. The Congress is open to National Federations and representatives of all stakeholder groups, including vets, officials, Riders Clubs, Organisers, FEI Laboratories, racing and breeding authorities, sponsors, the IOC, as well as the media.Booking information will be made available online soon. Please note that representatives from the National Federations will be given priority. The vote on the use of NSAIDs in competition will not be taken until the FEI General Assembly in Chinese Taipei (1-6 November), but all interested parties are advised to register for the Congress early to book their places and ensure that their voices are heard in this important debate. SIGN UP More from Horse Sport:Christilot Boylen Retires From Team SportAfter an exemplary career as one of Canada’s top Dressage riders, seven-time Olympian Christilot Boylen has announced her retirement from team competition.2020 Royal Agricultural Winter Fair CancelledFor only the second time in its history, The Royal Agricultural Winter Fair has been cancelled but plans are being made for some virtual competitions.Royal Agricultural Winter Fair Statement on 2020 EventAs the Province of Ontario starts to reopen, The Royal’s Board and staff will adhere to all recommendations put forward by government and health officials.Government Financial Assistance for Ontario FarmersOntario Equestrian has recently released this update of several financial assistance packages available, including those for farm business.last_img read more

Trey Anastasio Announces New 2013 ‘Traveler Tour’ Dates

first_imgJanuary 25, 2013Wellmont TheatreMontclair, NJ7:00 Doors, 8:00 ShowtimeTickets will be available through a real time presale beginning Friday, December 7th at 10:00am (eastern time) and ending Thursday, December 13th at 5:00pm (eastern time) athttp://treytickets.rlc.net/TreyAnastasio/calendar.aspxTickets go on sale Friday, December 14th at Noon EST. Tickets can be purchased online at http://www.tickets.com. Tickets can also be purchased in person at the venue box office (Fridays noon – 6pm and show days noon – 9pm). This is an all ages show.$42.50 General Admission floor and General Admission Balcony January 23, 2013Capitol TheatrePort Chester, NY6:30 Doors, 8:00 ShowtimeATTENTION: Anyone who has valid tickets from the postponed October 28th Port Chester, NY show may use their tickets for the newly announced January 23rd Port Chester show. Those who cannot attend the rescheduled date may seek refunds at the point of purchase.Tickets will be available through a real time presale beginning Friday, December 7th at 10:00am (eastern time) and ending Thursday, December 13th at 5:00pm (eastern time) athttp://treytickets.rlc.net/TreyAnastasio/calendar.aspxTickets go on sale Friday, December 14th at Noon EST. Tickets can be purchased online athttp://buy.ticketfly.us/lounge/event/153865?utm_medium=bks or charge by phone at 877-435-9849. This is an 18 and over show.$39.50 General AdmissionJanuary 24, 2013Capitol TheatrePort Chester, NY6:30 Doors, 8:00 ShowtimeTickets will be available through a real time presale beginning Friday, December 7th at 10:00am (eastern time) and ending Thursday, December 13th at 5:00pm (eastern time) athttp://treytickets.rlc.net/TreyAnastasio/calendar.aspxTickets go on sale Friday, December 14th at Noon EST. Tickets can be purchased online athttp://buy.ticketfly.us/lounge/event/153865?utm_medium=bks or charge by phone at 877-435-9849. This is an 18 and over show.$39.50 General Admission January 19, 2013Landmark TheatreSyracuse, NY6:30 Doors, 7:30 ShowtimeTickets will be available through a real time presale beginning Friday, December 7th at 10:00am (eastern time) and ending Thursday, December 13th at 5:00pm (eastern time) athttp://treytickets.rlc.net/TreyAnastasio/calendar.aspxTickets go on sale Friday, December 14 at 10:00am EST. Tickets can be purchased online at ticketmaster.com or charge by phone at 800.745.3000. Tickets can also be purchased at TicketMaster outlets and in person at the Landmark Theatre Box Office (Mon – Fri 10am – 5pm & Saturday 10am – 2pm). This is an all ages show.$42.50 Reserved January 20, 2013State TheatrePortland, ME7:00 Doors, 8:00 ShowtimeTickets will be available through a real time presale beginning Friday, December 7th at 10:00am (eastern time) and ending Thursday, December 13th at 5:00pm (eastern time) athttp://treytickets.rlc.net/TreyAnastasio/calendar.aspxTickets go on sale Friday, December 14th at 10:00am EST. Tickets can be purchased online at or charge by phone at 800.745.3000. Tickets can also be purchased or charge by phone at 800.745.3000. Tickets can also be purchased at TicketMaster outlets and in person at the Cumberland County Civic Center Box Office. The State Theatre Box Office will be open at 5pm night of show. This is an all ages show.$42.50 General Admissioncenter_img Phish frontman Trey Anastasio will return to the road in 2013 for an extension of his ‘Traveler Tour’. The short tour will kick off January 18th in Toronto, Canada and conclude January 26th in Albany, New York. Trey will also stop by the new Capitol Theater in Port Chester, New York on January 23rd and 24th. The show on the 23rd will be the make up date for the previous show that was rescheduled due to Hurricane Sandy.Tickets will be available through a presale starting Friday December 7th at 10am, and ending Thursday, December 13th at 5pm, here. Check Trey.com for regular on sale times for particular shows. Complete dates are below.January 18, 2013Danforth Music HallToronto, Ontario, Canada7:00 Doors, 8:00 ShowtimeTickets will be available through a real time presale beginning Friday, December 7th at 10:00am (eastern time) and ending Thursday, December 13th at 5:00pm (eastern time) athttp://treytickets.rlc.net/TreyAnastasio/calendar.aspxTickets go on sale Friday, December 14 at 10:00am EST. Tickets can be purchased online at http://www.ticketmaster.ca or charge by phone at 855.985.5000. Tickets can also be purchased at TicketMaster outlets and in person at the Danforth Music Hall Box Office, 2 hours before doors on event days. This is an all ages show.$49.50 General Admission floor and Reserved Balcony January 26, 2013Palace TheatreAlbany, NY6:30 Doors, 7:30 ShowtimeTickets will be available through a real time presale beginning Friday, December 7th at 10:00am (eastern time) and ending Thursday, December 13th at 5:00pm (eastern time) athttp://treytickets.rlc.net/TreyAnastasio/calendar.aspxTickets go on sale Saturday, December 15th at 10:00am EST. Tickets can be purchased online at http://www.ticketmaster.com or charge by phone at 800.745.3000. Tickets can also be purchased at TicketMaster outlets and in person at the Palace Theatre Box Office (Mon – Fri 10am – 5pm & Saturday 10am – 2pm). This is an all ages show.$42.50 Reservedlast_img read more

When Disaster Strikes, CNN Hero Team is First on the Scene With Heavy Equipment

first_imgAddThis Sharing ButtonsShare to FacebookFacebookFacebookShare to TwitterTwitterTwitterShare to EmailEmailEmailShare to RedditRedditRedditShare to MoreAddThisMore (WATCH the video below from CNN – Make a Donation to the Team) AddThis Sharing ButtonsShare to FacebookFacebookFacebookShare to TwitterTwitterTwitterShare to EmailEmailEmailShare to RedditRedditRedditShare to MoreAddThisMoreA powerful tornado ripped through West Liberty, Kentucky, last week, making the quaint community look like “a war zone.”Fortunately, the First Response Team of America was there to help.Founded by Tad Agoglia in 2007, the team has crisscrossed the country, providing free aid to as many as 40 disaster sites.Within hours the organization arrived in West Liberty with its specialized fleet of heavy-duty disaster recovery equipment.last_img read more

A problem of our making

first_imgTo continue enjoying Building.co.uk, sign up for free guest accessExisting subscriber? LOGIN Subscribe to Building today and you will benefit from:Unlimited access to all stories including expert analysis and comment from industry leadersOur league tables, cost models and economics dataOur online archive of over 10,000 articlesBuilding magazine digital editionsBuilding magazine print editionsPrinted/digital supplementsSubscribe now for unlimited access.View our subscription options and join our community Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.Limited access to building.co.ukBreaking industry news as it happensBreaking, daily and weekly e-newsletters Get your free guest access  SIGN UP TODAY Subscribe now for unlimited accesslast_img read more

Alfred Angelo Bridal says orders will remain unfulfilled

first_img FORT MYERS, Fla. If a bride-to-be has not received her wedding gown from Alfred Angelo Bridal then it’s time to recognize the truth — the dress is not coming.The Florida-based company, which has more than 60 stores nationwide and sells at 1,400 other locations, filed for bankruptcy and unexpectedly closed all of its stores on July 14 without notice.The abrupt closure left many bridal parties scrambling after some brides were called and told to pick up their gowns immediately, others were told they would receive their gown by mail.The company planned to fulfill all open orders, but a statement issued Thursday declared otherwise:Statement from the Chapter 7 Trustee: The Chapter 7 Trustee greatly regrets the upset that Alfred Angelo’s July 14th bankruptcy filing has caused its customers. While we have been successful in obtaining customer records and delivering many dresses and accessories for customers all over the country, even after the bankruptcy filing date, it has now become apparent that the logistical and financial strain of fulfilling each and every open order makes continuing that course of action no longer possible.Thus, to the extent any order has not been fully delivered to a customer, it shall have to remain unfilled. If you believe you are owed any money, please use the link below to complete a proof of claim. Please be advised that neither the Chapter 7 Trustee nor her counsel are authorized to provide legal advice to any affected customer regarding their purchase.If you believe you were affected by Alfred Angelo Bridal’s closure and would like to submit a claim, click here. Related Articles:Alfred Angelo Bridal provides email address following store closuresAlfred Angelo Bridal’s abrupt closure prompts panic among bridal partiesLeft without your Alfred Angelo dress? Here’s a few tips Alfred Angelo Bridal says orders will remain unfulfilled Do you see a typo or an error? Let us know. Published: August 3, 2017 10:32 PM EDT SHARElast_img read more

UWF Baseball Hosts Union This Weekend To Open Home GSC Play

first_imgLIVE STATS | LIVE VIDEOPENSACOLA, Fla. – UWF baseball (7-8, 1-2 GSC) will host Union (5-9, 1-2 GSC) at Jim Spooner Field this weekend. The series will be the first in conference play at home this season for the Argos. The Argos and Bulldogs open the series Saturday with a doubleheader starting at 1:00 p.m. The teams will close the series with a 1:00 p.m. game Sunday. UWF baseball made it two straight against Miles College Wednesday at Jim Spooner Field. The Argos won going away, scoring a season-best 16 runs on a season-best 20 hits to win 16-0. The shutout was the first at home this season by UWF pitching and the staff’s second overall in the last five games. The team defeated Miles 13-1 on Tuesday behind a one-run, 95-pitch gem from lefty starter Hunter Lucas.”It’s going to be conference, and I don’t think you can take anything for granted,” said UWF head coach Mike Jeffcoat. “We’ve got to come out and play our game and worry about what we do and control the things that we can control, and hopefully we can come out on top.” ARGOS SWEEP MILES* The Argos outscored Miles 29-1 in the two-game set. The team never trailed in the series and improved to 10-0 vs. Miles since 1991.* In Game 1, UWF baseball (6-8) got back in the win column with a dominant 13-1 win over Miles College (5-9) on Tuesday evening at Jim Spooner Field. The Argos got a superb start from freshman pitcher Hunter Lucas (1-1), who carried a shutout into the ninth and fired a four-hit, 95-pitch complete game. The offense exploded for a season-high 18 hits and 13 runs.* In the first start of his UWF career, Lucas threw just 75 pitches from the first through the eighth. He did not have to face more than four batters until the ninth inning. Lucas finished with seven strikeouts vs. just one walk. He scattered four hits (three singles) and just a single tally in the ninth with the outcome of the game already secure. The complete game was the first of the season for the UWF staff.* In Game 2, the Argo bats were led by Nick Kerkmann and Brandon Harmon, who each finished the game with five RBIs. Matthew Jones, Jacob Silverstein and Harmon all reached base five times. Matt Sullivan finished with four hits and two runs scored. The Argos raced out to an early lead, tagging Miles starter Chris Elias (1-3) for five runs (five earned) in the first four innings and from there did not look back. Every spot in the order reached at least once.* In Game 2, Josh Pahlad got the start for UWF and faced the minimum over his three innings. Matthew Estrada (1-1) followed in the fourth and the fifth, stranding three in scoring position and striking out three to earn his first collegiate win. Tony Kucera, Dylan Mills-Derouen, Jared Gonzalez and Avery Geyer pitched an inning apiece to cement the shutout. SCOUTING UNION* The Bulldogs are 5-9 overall this season and 1-2 in conference play. The team is 5-5 at home and 0-4 away. Union played five straight games at home Feb. 20-27, beating Harding 15-8 before losing two of three to Shorter. The team fell to North Alabama 8-7 to conclude the homestand.* The Bulldogs earned the fifth-seed in last year’s GSC Tournament, finishing the conference regular season 19-13. The team returns five seniors from last year’s 33-20 squad.* Nolen Milton and JR Miller each earned a spot on this year’s preseason All-GSC team. Union was picked to finish eighth in the conference in a preseason coaches’ poll.* Milton currently leads the team with a .393 batting average. He also leads the team with three home runs. Chase Diggs is second on the team with a .360 batting average. The Bulldogs are hitting .268 as a team.* The Bulldogs have put together a 4.74 ERA as a staff. Only one hurler (Scott Shearer) has recorded a sub-3.00 ERA. Shearer has posted three complete games in four starts.* Union has done extremely well against left-handed pitching, hitting .388 against southpaws vs. just .242 vs. righties. ARGOS OPEN CONFERENCE PLAY AT NORTH ALABAMA* UWF baseball (5-6, 1-0 GSC) opened GSC play with a 5-0 win at North Alabama Sunday. Starter Tony Kucera and reliever Dylan Mills-Derouen combined for nine innings of two-hit, shutout baseball to put the Argos up 1-0 in the three-game series. The Argos got to last year’s GSC Pitcher of the Year Tyler Joyner for six hits and five runs (two earned) over 7.2 innings.* UWF baseball dropped a doubleheader to close the three-game series at North Alabama Monday. The Argos fell to the Lions 4-2 in Game 1 and 12-5 in Game 2.center_img UWF ARMS FINDING A GROOVE* UWF pitching has held opponents to a .233 batting average this season. The team has held opponents to two runs or less in four of the last five games. Argo arms have surrendered just one run over the last 20 innings, lowering the total ERA to 3.85.* Tony Kucera and Dylan Mills-Derouen helped the Argos to their first conference win of the season Sunday. Kucera began the day on the hill and turned in an excellent performance. He lasted five innings, surrendering just two hits and two walks while striking out five. He faced just 19 batters over his five innings of work to pick up the win. Dylan Mills-Derouen entered the game in the sixth and proceeded to allow just one baserunner over the next four innings. He did not surrender a hit or a run, striking out six and walking just one in picking up his first save of the season.* In the first start of his UWF career, Lucas threw just 75 pitches from the first through the eighth vs. Miles Tuesday. He did not have to face more than four batters until the ninth inning. Lucas finished with seven strikeouts vs. just one walk. He scattered four hits (three singles) and just a single tally in the ninth with the outcome of the game already secure. The complete game was the first of the season for the UWF staff.#ARGOS#Print Friendly Version UWF BATS HEATING UP* UWF has reset its season-high in hits and its season-high in runs in each of the last two games. The team scored 13 runs on 18 hits Tuesday vs. Miles and then followed that up with 16 runs and 20 hits Wednesday.* Nick Kerkmann and Brandon Harmon each finished Wednesday’s game vs. Miles with 5 RBIs. Matthew Jones, Jacob Silverstein and Harmon all reached base five times. Jones has now reached base five times in a game twice this season. Harmon has now reached in ten straight games.* Matt Sullivan and Kerkmann have each hit safely in four straight games. Kerkmann now has five multi-hit games this season. Robert Lopez has now accumulated four.last_img read more

Odell Beckham Jr Gives Some Love on Twitter to Baker Mayfield

first_imgThe Cleveland Browns posted a silly video of Baker Mayfield talking about the upcoming season.  The catch is that Baker Mayfield’s voice is extremely high due to helium.  Here is the video.QB1 has a message for the fans …. 😂🎈IG: @bakermayfield pic.twitter.com/0kBFT6DUzv— Cleveland Browns (@Browns) April 8, 2019The thing that has people buzzing is the following tweet from Odell Beckham Jr.  Odell showed some love to Baker saying he loves Mayfield.  Here is the tweet.Love this dude! Live life broski https://t.co/jahHF1cFgI— Odell Beckham Jr (@obj) April 8, 2019 Related TopicsBaker MayfieldBrownsOdell Beckham Jr Patrick Kennedylast_img read more

‘Aladdin’ star Will Smith pays tribute to the late Robin Williams’ Genie

first_imgLuigi Lucarelli – 2019(LOS ANGELES) — Thanks to a talented artist’s cartoon rendering of them both in blue, Will Smith has shared a touching post in honor of the late Robin Williams. Smith plays the Genie role in Disney’s upcoming live-action adaptation of Aladdin.  The magical character, of course, was played to perfection by Williams in the original 1992 animated classic.“I know Genies don’t have Feet… But you left some Big Shoes to fill,” Smith captioned his post, which shows both actors converted into that unmistakable Disney hand-drawn animation style.“R.I.P., Robin!” Smith continued, and then shouted out Luigi Lucarelli, who drew the cartoon of them together.“And Thank You, @helloluigi Love the art work!” he added.Williams took his own life in August 2014.Directed by Guy Ritchie, and co-starring Mena Massoud as Aladdin, Naomi Scott as Jasmine, and Rogue One‘s Alan Tudyk as the voice of Iago the parrot, opens May 24. Disney is the parent company of ABC News.last_img read more