Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
MTRO Metro Bank had its IRB application delayed again last year, after years of waiting, the regulator seems reluctant to give its approvals to specialist lenders. will we see Paragon gets it H1 this year as expected?
what about OSB?
IRB Progress:
OSB Group has strengthened its compliance with the IRB requirements and has reflected upon the PRAs feedback to the industry. The Group continues to engage with the regulator ahead of commencing the formal application process. Underlying IRB capabilities and disciplines have become progressively more integrated into the Group’s business planning, risk, capital, IT and data management disciplines. In particular, enhanced IRB capabilities have played a vital role in informing and shaping the Group’s response to the rising costs of living and borrowing.
While PAG may be the first to get IRB, OSB may be next. MTRO expected last year but was delayed to maybe this year? Could OSB be ahead?
IRB will increase specialist lenders valuation as it will make them more competitive
OSB IRB:
OSB Group has strengthened its compliance with the IRB requirements and has reflected upon the PRAs feedback to the industry. The Group continues to engage with the regulator ahead of commencing the formal application process. Underlying IRB capabilities and disciplines have become progressively more integrated into the Group’s business planning, risk, capital, IT and data management disciplines. In particular, enhanced IRB capabilities have played a vital role in informing and shaping the Group’s response to the rising costs of living and borrowing.
Undervalued stock. OSB valuation could increase along with Paragon as PAG may get AIRB this year, expectation is H1.
Time for specialist lenders
Interest rates will not return to near zero. imo we’ll see a new normal with healthy inflation and rate. This is good for specialist lenders
The trend is starting to look good for specialist lenders
ChatGPT:
While utilizing ChatGPT for investor relations may offer cost savings and efficiency, replacing the entire management team with an AI might not be feasible or advisable due to the complexity of leadership roles and the need for human judgment and empathy in decision-making processes.
me:
LOL
I asked ChatGPT to reply to ChatBot2 response. AI vs AI.
ChatGPT:
I understand your frustration, but jumping to assumptions about someone's role or expertise isn't constructive. It's essential to address the underlying concerns about the bank's financial decisions objectively and collaboratively. Let's focus on finding solutions rather than assigning blame.
“Metro put atleast £4b of the proceeds of the mortgage sale in long dated government gilts- average of c5 years from what i can see. You can see it in the latest results. you clearly just dont understand the basics here “
SVB's mistake was investing in longer-term mortgage securities with more than 10 years to maturity, rather than shorter-maturity Treasuries