Providing housing for the most vulnerable population strata by providing them...fond admin
Providing housing for the most vulnerable population strata by providing them with compensation of interest rate for loans at the expense and with involvement of grant resources
September 2010 edition of Financial Services Industry Monthly Bulletin – a banking and finance law publication by Reff & Associates, correspondent law firm of Deloitte Romania and Deloitte Tax.
Mandates and Powers of a DI: The Case of Bulgaria BDIF ФГВБ
International Seminar "Deposit Insurance in Transitioning Countries. Has It Really Strengthened the Banking System?" - Sarajevo, Bosnia and Herzegovina, 8 - 9 December 2005.
Providing housing for the most vulnerable population strata by providing them...fond admin
Providing housing for the most vulnerable population strata by providing them with compensation of interest rate for loans at the expense and with involvement of grant resources
September 2010 edition of Financial Services Industry Monthly Bulletin – a banking and finance law publication by Reff & Associates, correspondent law firm of Deloitte Romania and Deloitte Tax.
Mandates and Powers of a DI: The Case of Bulgaria BDIF ФГВБ
International Seminar "Deposit Insurance in Transitioning Countries. Has It Really Strengthened the Banking System?" - Sarajevo, Bosnia and Herzegovina, 8 - 9 December 2005.
Правните аспекти на производството по банкова несъстоятелност BDIF ФГВБ
Mеждународeн семинар на тема „Проблемни банки в развиващите се пазари: практическо приложение на надзорния и правен инструментариум” – Варшава, Полша, 6–10 юни 2005 г.
Функции и правомощия на институцията за гарантиране на депозитите: опитът на ...BDIF ФГВБ
Международен семинар „Гарантирането на депозитите в страни в преход - заздравило ли е действително банковата система?“ - Сараево, Босна и Херцеговина, 8-9 декември 2005 г.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
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US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
Unlock the potential of Latino Buying Power with this in-depth SlideShare presentation. Explore how the Latino consumer market is transforming the American economy, driven by their significant buying power, entrepreneurial contributions, and growing influence across various sectors.
**Key Sections Covered:**
1. **Economic Impact:** Understand the profound economic impact of Latino consumers on the U.S. economy. Discover how their increasing purchasing power is fueling growth in key industries and contributing to national economic prosperity.
2. **Buying Power:** Dive into detailed analyses of Latino buying power, including its growth trends, key drivers, and projections for the future. Learn how this influential group’s spending habits are shaping market dynamics and creating opportunities for businesses.
3. **Entrepreneurial Contributions:** Explore the entrepreneurial spirit within the Latino community. Examine how Latino-owned businesses are thriving and contributing to job creation, innovation, and economic diversification.
4. **Workforce Statistics:** Gain insights into the role of Latino workers in the American labor market. Review statistics on employment rates, occupational distribution, and the economic contributions of Latino professionals across various industries.
5. **Media Consumption:** Understand the media consumption habits of Latino audiences. Discover their preferences for digital platforms, television, radio, and social media. Learn how these consumption patterns are influencing advertising strategies and media content.
6. **Education:** Examine the educational achievements and challenges within the Latino community. Review statistics on enrollment, graduation rates, and fields of study. Understand the implications of education on economic mobility and workforce readiness.
7. **Home Ownership:** Explore trends in Latino home ownership. Understand the factors driving home buying decisions, the challenges faced by Latino homeowners, and the impact of home ownership on community stability and economic growth.
This SlideShare provides valuable insights for marketers, business owners, policymakers, and anyone interested in the economic influence of the Latino community. By understanding the various facets of Latino buying power, you can effectively engage with this dynamic and growing market segment.
Equip yourself with the knowledge to leverage Latino buying power, tap into their entrepreneurial spirit, and connect with their unique cultural and consumer preferences. Drive your business success by embracing the economic potential of Latino consumers.
**Keywords:** Latino buying power, economic impact, entrepreneurial contributions, workforce statistics, media consumption, education, home ownership, Latino market, Hispanic buying power, Latino purchasing power.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
how can I sell my pi coins for cash in a pi APPDOT TECH
You can't sell your pi coins in the pi network app. because it is not listed yet on any exchange.
The only way you can sell is by trading your pi coins with an investor (a person looking forward to hold massive amounts of pi coins before mainnet launch) .
You don't need to meet the investor directly all the trades are done with a pi vendor/merchant (a person that buys the pi coins from miners and resell it to investors)
I Will leave The telegram contact of my personal pi vendor, if you are finding a legitimate one.
@Pi_vendor_247
#pi network
#pi coins
#money
Implementation of Deposit Insurance in Transition Economy: The Case of Bulgaria
1. International Conference
MEASURES FOR IMPROVING CONFIDENCE
IN THE BANKING SYSTEM
Bishkek City, 1-2 July 2004
Implementation of Deposit Insurance in
Transition Economy: the Case of Bulgaria
Roumyana Markova, Chief Expert, International Cooperation and PR
Bulgarian Deposit Insurance Fund
2. Presentation Outline
The main challenges encountered:
Proper timing to launch DIS
Criteria for membership and funding
Scope and level of coverage
Efficient repayment procedures
Public awareness
International Conference Bishkek City, 1- July 2004
3. Proper Timing to Launch DIS
Implicit government guarantee till Jan 1996
First explicit limited coverage DIS - introduced Jan 1996
(Regulation of the Central Bank - BNB)
– only deposits of physical persons were insured
– level of coverage - appr. EUR 2,500
International Conference Bishkek City, 1- July 2004
4. Proper Timing to Launch DIS
Outbreak of the financial crisis - mid 1996
(within ten months 17 banks comprising 25% of total
banking system assets failed)
Extraordinary legislation - Law on State Protection of
Deposits; Repayment of deposits from the budget:
– 100% to physical persons
– 50% to legal entities
International Conference Bishkek City, 1- July 2004
5. Proper Timing to Launch DIS
Introduction of Currency Board - mid 1997
– curbing the crisis
Explicit DIS with limited coverage on deposits - Law on
Bank Deposit Guaranty - Apr 1998
Bulgarian Deposit Insurance Fund (BDIF) - Jan 1999
– independent legal entity
– accountable to Council of Ministers, BNB, National Audit Office
– financial activities audited by the National Audit Office
International Conference Bishkek City, 1- July 2004
6. Mandates and Powers of BDIF
1998 Law on Bank Deposit Guaranty (LBDG)
– determines and collects premiums from banks
– invests its assets under LBDG provisions
– repays insured amount of deposits with failed banks
1999 Amendments to Law on Banks: Art.89a (repealed by LBB)
– very limited control over trustees
2002 Law on Bank Bankruptcy (LBB)
– administers bank bankruptcy proceedings by
controlling trustees and preparing draft regulations
– control over 4 failed banks
International Conference Bishkek City, 1- July 2004
7. Criteria for Membership
Mandatory membership for all banks licensed to take
deposits
Under certain circumstances only foreign banks’ branches
may be allowed not to participate in the system
32 members institutions (incl. 3 foreign banks’ branches)
Branches of Bulgarian banks operating abroad – ?
International Conference Bishkek City, 1- July 2004
8. Funding
DIS of ex-ante type funding by banks
– entry and annual premiums paid by banks
No initial capital contribution from the budget
Other sources of funding
– interest on BDIF investments
– proceeds from BDIF subrogated claims
– loans, etc.
International Conference Bishkek City, 1- July 2004
9. Banks Premiums
Flat rate system
Entry premiums - 1% of registered capital
Annual premiums - 0.5% of total amount of previous year’s
deposit base; due by 31 March in current year
– deposit base determined on average daily basis (end 2001)
BDIF is considering the introduction of a risk-adjusted
premium system
International Conference Bishkek City, 1- July 2004
10. Target Size of Funds
Under LBDG - 5% of total amount of insured deposits in
the banking system
– Management Board may decide to reduce annual
premiums if funds exceed 5% target ratio
Ratio of BDIF funds / deposits - 2.23%
– Current funds of BDIF - BGN 249 Mio / € 127 Mio
International Conference Bishkek City, 1- July 2004
11. Scope of Coverage
Insured are:
– deposits of physical persons and legal entities
– deposits in national and foreign currency
Exclusions:
– banks and non bank financial institutions, insurers, pension and
social securities funds, investment intermediaries, privatization
funds, government and government institutions, municipalities, BDIF
– bank’s senior officers and auditors, shareholders of more than 5% of
bank’s equity, and their close relatives, preferential rate deposits
– deposits associated with ‘money laundering’ (end 2001)
International Conference Bishkek City, 1- July 2004
12. Coverage
Level of coverage
– currently 100% up to BGN 15,000 / € 7,670
Application of coverage limits
– per depositor per bank
International Conference Bishkek City, 1- July 2004
13. Increase of Coverage
1998 BGN 6,900 / € 3,528 – to BGN 2,000 - 95%
– over BGN 2,000 - 80% (max 5,000)
2002 BGN 10,000 / € 5,113 – 100% (abolishment of coinsurance)
2003 BGN 15,000 / € 7,670 – 100%
2005 BGN 22,000 / € 11,248 – EU Timetable
2007 BGN 39,200 / € 20,043 – EU Timetable
International Conference Bishkek City, 1- July 2004
14. The Case of DSK Bank (former State Savings Bank)
State Savings Bank
– the ‘bank of the people’
– regulated by SSB Law of 1967
– accepting only household deposits in BGN
Till May 2000 - full government guarantee on deposits in SSB
Smooth transition to limited guarantee
– small average size of deposits
– two-year transitional period for SSB transformation into
commercial bank (DSK Bank);
International Conference Bishkek City, 1- July 2004
15. Repayment of Insured Amounts of Deposits
Deposits are repaid only in national currency
Repayment of insured amounts of deposits is done via a
servicing bank determined by BDIF Management Board
Repayment begins not later than 45 days from date of
revocation of bank’s license by BNB
Deadline for repayment of insured deposits
International Conference Bishkek City, 1- July 2004
16. Efficient Repayment Procedures
BDIF has successfully performed its insurance function
in the two bank failures since its establishment
– Credit Bank - 1999
– Balkan Universal Bank - 2000
Subrogation - in both failures BDIF recovered the
repaid amounts of insured deposits in full
International Conference Bishkek City, 1- July 2004
17. The Case of Credit Bank
12 Jan 1999 Revocation of license
1 Mar 1999 Start of repayment
1 Mar 2004 Expiration of prescriptive period
Insured deposits in total BGN 9.5 Mio
Repaid deposits BGN 8.9 Mio - 94%
Nov 2002 Termination of bankruptcy proceedings
Dec 2002 BDIF starts issuing certificates to depositors –
smooth process
International Conference Bishkek City, 1- July 2004
18. Public Awareness
Strong emphasis on public awareness
BDIF public relations policy
– objectives and principles
BDIF Public Relations Rules
– specify terms and procedures for relationships with media
and general public, and other communication activities
– chief spokesperson is BDIF Chairman
Organization of PR activities: in-house resources
International Conference Bishkek City, 1- July 2004
19. Public Awareness
Objectives
– popularization of DIS features & BDIF functions
– maintaining confidence in banking system
– enhancing BDIF image
Target audiences
– general public (present and potential depositors, uninsured
depositors and creditors of failed banks)
– media
– banks and their front line staff, banking association
– lawmakers and public officials
International Conference Bishkek City, 1- July 2004
20. Public Awareness
Communication techniques
– press releases and conferences, interviews for media
– Q & A Brochure on deposit insurance - 2000
– hot telephone line - 2000
– provision of information to general public in BDIF office
– written responses to requests and complaints
– web site - 2001 (both in Bulgarian and English)
– discussions and seminars
– paid advertisement in printed media
International Conference Bishkek City, 1- July 2004
21. Survey on Public Awareness of DI
National representative study - 2002 (quantitative & qualitative)
Findings
– 24% of respondents know in general about BDIF
– 43% of bank depositors are familiar with DIS in place
– level of awareness of population and depositors is low
Recommendations: enhance effectiveness in provision of public
information, higher involvement of banks’ employees, diversifying
communication channels
Findings and recommendations - presented also to BNB Banking
Supervision Dept. and Association of Commercial Banks
International Conference Bishkek City, 1- July 2004
22. New Communication Techniques
Use of additional communication techniques and tools
– educational radio-series on deposit insurance
– TV ads
– seminars for banks’ branch directors
– front-door and counter stickers
– product registers
– revamp of BDIF web site
– Q & A leaflet on bank bankruptcy
Cost issues and evaluation of results
International Conference Bishkek City, 1- July 2004
23. How to Contact BDIF
Bulgarian Deposit Insurance Fund
2, Graf Ignatiev Str. 3rd Floor, 1000 Sofia, Bulgaria
Tel. +359 2 980 1438; Fax +359 2 988 8207
E-mail contact@dif.bg
Internet http://www.dif.bg
or
International Cooperation and Public Relations Dept.
Ms. Roumyana Markova
Tel. +359 2 981 3809; E-mail r.markova@dif.bg
International Conference Bishkek City, 1- July 2004
24. Thank you for your attention
International Conference Bishkek City, 1- July 2004