#alix and imani.
Explore tagged Tumblr posts
sunliights · 7 months ago
Text
Tumblr media
"does he know he's just some random guy?" alix grumbles, the rather stubborn side of her not really willing to just drop the subject on a whim. frankly the fact she's even willing to address it and not just shutting down is progress but she can see why imani might not think that. "you can't blame me for preferring that it would be clear to him that he doesn't have a chance, right?"
Tumblr media
"yes, that's what we're calling it because that's what it is," imani responds firmly. she meets alix's gaze, her chest rising and falling with a deep breath as she crosses her arms over her it, pausing to gather her thoughts and avoid escalating things further. "look—i don’t want to fight, especially not over some random guy. i just want to have fun with my beautiful girlfriend tonight." imani reaches out and gently grabs alix’s hand, swinging it back and forth with a pleading look in her eyes and a warm smile. "you're the only one i want, and you know that. so can we please drop it?"
7 notes · View notes
candysharkart · 3 months ago
Text
Tumblr media Tumblr media Tumblr media
mmore oc stuff....! jude (short for judas) is alix's older brother.
imani is a tattoo artist (been tooooo lazy to design any...eventually..) n she's alix's bff. she n jude didnt work as a couple, but they're still very present in each other's lives. their daughter iris is a recent hs grad and has been out as a girl for a few years now. she likes space mysteries.
cousin akat got jude a job as a groundskeeper (they work at the same place yayy free uncle carpool!!) where jude meets aster. they. are normal work bestieszzz <3
and maisy :) shes maisy (:
81 notes · View notes
devilschaos · 1 year ago
Text
Tumblr media
so i've been really into fantasy / acotar vibes & i know that names are sometimes so hard to think of. so under the cut is going to be a list of names that i love so so so much.
thea.
astrid.
starla.
wrenna.
anessa.
brynna.
raya.
janine.
corvina.
janiel.
gentrie.
kodi.
dione.
aldea.
celadine.
kasia.
prudence.
temperance.
monroe.
eryn.
veda.
greer.
georgianna.
sinclair.
hermione.
capryse.
remi.
annalise.
galadrie.
coralena.
alysia.
gwyneth.
tasia.
scotlyn.
wisteria.
rhea.
vinyette.
zoella.
zarafina.
maertisa.
sorcha.
apricity.
adalie.
lorenna.
tamara.
whitley.
safiya.
nikita.
pearla.
aleila.
magdalena.
alix.
marposa.
solana.
imani.
samaria.
marielle.
michah.
mila.
satori.
celani.
vallie.
camelia.
faerydae.
simora.
elisa.
araluen.
althea.
ravenna.
vieva.
azariah. t
wyla.
faelyn.
shaina.
xenia.
dove.
clarabella.
calliope.
destry.
evie.
raesha.
aveline.
josephina.
delyth.
elaya.
eudora.
leandra.
tiara.
maliah.
lana.
noella.
nasryn.
effie.
zahfira.
avena.
constance.
joelle.
saige.
keira.
aviva.
trista.
ariella.
sayla.
vaughn.
axel.
rhodes.
elio.
dominic.
ellis.
calder.
kieran.
henley.
leon.
amel.
jude.
marco.
evrin.
farron.
louie.
saint.
colby.
rhidian.
gideon.
tieran.
flynn.
roan.
harlan.
arden.
dashiel.
stiles.
hendrix.
haynes.
sevrin.
joel.
dallin.
rafe.
sirius.
eiran.
adir.
troian.
jamison.
roland.
lucian.
zanders.
jayden.
azriel.
cyrus.
chase.
jonas.
nero.
phoenix.
thane.
clay.
louis.
bronson.
demarco.
dimitri.
aeros.
arik.
lewis.
cedric.
bastian.
othello.
kaladin.
arrow.
evander.
merrick.
harvey.
hoyt.
artemis.
koah.
oliver.
dawson.
cody.
eryx.
ammon.
fabian.
davien.
dane.
valor.
kallias.
beck.
rhett.
kane.
davian.
castiel.
anson.
adonis.
zion.
andros.
tallon.
orin.
porter.
nolan.
layne.
brick.
slater.
soren.
wilder.
adler.
conrad.
everett.
rafael.
orlo.
pierce.
dax.
finnian.
laurent.
rhysand.
cassian.
120 notes · View notes
allthingsdarkanddirty · 2 years ago
Text
Tumblr media
★✩★ NEW RELEASE ★✩★
Backed by Love
A Turkey Earthquake Anthology
Goodreads: https://www.goodreads.com/book/show/123121781
Hosted by DS Book Promotions
Amazon | Apple | Nook | Kobo
 books2read.com/BackedbyLove
On February 6, 2023, a devastatingly powerful 7.8 magnitude earthquake and strong aftershocks decimated parts of Turkey. We've all watched, helpless, as rescuers tried to reach those trapped in the rubble, and the death toll continues to rise. 25 romance authors have banded together to try to make a difference by releasing this anthology with 100% of royalties going to a reputable charity helping those in affected areas--Turkish Red Crescent (the Turkish arm of the Red Cross). Enjoy these stories of hope and love and help us support those affected by the earthquake by backing them with love. Featuring stories from: Gwyn McNamee Scarlett Finn Katrina Marie Liz Durano Evey Lyon D. Kelly Dakota Willink Jocelyne Soto Imani Jay S.M. West Carrie Lomax DL Gallie S.L. Sterling Vi Summers Claire Hastings Lyra Parish Eve Pendle Echo Grayce and Melissa Ivers Tara Wyatt Lee Savino Lauren Stewart Cadence Keys Kimberly Quinn January James Alix Key
#newrelease #charityanthology #romancecollection #doitforturkey #availablenow #bookish #booklove #lizdurano #dlgallie #visummers #gwynmcnamee #dsbookpromotions
@Gwyn McNamee @Liz Durano @DL Gallie @DS Book Promotions
0 notes
vielzahlislands · 3 years ago
Note
A question about ur MLB next-gen; who is the child of who?
Ooh, good question!
I'll start by saying this as a 'disclaimer' (is that the word?); not all of the new superheroes are children of the former Team Miraculous members, and likewise, not all of the kids/characters in this story are superheroes (but all have their own storylines). There are a fair share of characters who are important to the plot and have their own individual storylines, but aren't superheroes.
With that said, here are the couples that are canon/together in this universe + their children (the ones in the tags + the younger kids) and their ages at the start of the series' first story (The Journey Begins), plus some notes about some of the families:
Adrienette: Emma (14), Louis (12) and Hugo (8)
Alyno/DJWifi: Layla (17) and Caden (12)
JuleRose: Camellia (15), Noelle (12) and Anika (7) - Note: Juleka carried both Camellia and Noelle, who were conceived through IVF, while Anika was adopted from the Netherlands.
Mylène/Ivan: Freddie (17) and Dominique (14)
Kim/Ondine: Rey (16) and Brooke (14)
NathMarc: Jodie (15), Jacob (12) and Noah (10) - Note: I headcanon Marc as trans and it's mentioned several times in this story/universe, so he carried all three of their children and they're biologically both of theirs!
Lukagami: Erika and Lindsay (16), Tristan (14), Jasper (10), Kimiko and Kai (8), Naomi (6)
As for the other characters who weren't mentioned above, they all ended up/were with OCs who they have children with. And they are:
Zoé/Devon: Brianna (16) - Note: Zoé and Devon never got married, but were engaged for a while. However, they have successfully co-parented Brianna, and while she lives regularly with her mom, she does spend summers with her dad in Charlotte (where he's from).
Chloé/Marco: Andrew (15) and Ella (8) - Note: It's mentioned in one of the first few chapters proper of TJB that Chloé is now divorced, and that it's the reason why she's moving back to Paris from Milan with her children. However, her children have always held dual citizenship of France and Italy and have been to Paris before during summer vacation, other holidays or trips to see their grandparents.
Max/Imani: James (16), Vivian and Russell (14) - Note: Max's kids were born and raised in Miami, but starting about 25-30% into TJB, they move to Paris, albeit it isn't meant to be permanent. (But that could change… you'll just have to wait and see 👀)
Sabrina/Maud Sr.: Maud Jr. (18), Leanne (16), June (14) and River (10) - Note: Maud Jr. and Leanne are legally Sabrina's kids as she adopted them, but they aren't her biological children; and are from her husband's previous relationship, before he moved to Paris from The Hague. (Also, another note; but Maud Jr. is genderfluid and uses she/they/he pronouns!)
As for all of the other characters I mentioned in my one ask game, they're either the children of minor characters in MLB or their parents are also OCs. And you'll learn more about them eventually!
(Also, don't worry; but Alix is included in this story and universe. However, I headcanon her as aro-ace, so obviously, she isn't married and doesn't have kids, but she is a fun aunt to a lot of the kids — especially Nathaniel and Marc's + Mylène and Ivan's.)
Thank you so much for the ask, anon! I love talking about this AU, and this was very fun to do/talk about <3 Please, feel free to send more if you ever want to!
19 notes · View notes
smalleststories · 3 years ago
Text
Queer Books: A (long) List
Ever noticed that queer book recs tend to be the same ten books? This is my one-woman effort to change that! Please feel free to scream into my inbox about any of these.
Books are sorted by genre.
Fantasy
Gideon the Ninth by Tamsyn Muir | wlw | Harrow has the opportunity to become an immortal companion of the Emperor, but only if she and her reluctant partner Gideon can discover what is killing off other pairs.
The House in the Cerulean Sea by TJ Klune | mlm | Linus is a caseworker for a program that regulates the treatment of magical orphans. He's sent to an island where the most mysterious children are kept under the care of an equally mysterious headmaster. Linus has a month to decide if this orphanage should stay open.
The Once and Future Witches by Alix E. Harrow | wlw | Three sisters accidentally bring powerful magic back to America just in time for the suffrage movement! Now they have to deal with the fallout as well as the events of their past that separated them.
The Priory of the Orange Tree by Samantha Shannon | wlw and mlm | Paths cross and cross again as Ead tries to protect a queen while maintaining her cover, Tané trains for the honor of riding a dragon, Niclays hopes to create an elixir of life, and Loth is sent far from his home to a dangerous country.
Silver in the Wood/Drowned Country by Emily Tesh | mlm | Tobias has been living contentedly in Greenhollow Wood for a very long time, but when a curious folklorist comes to his door, he must revisit the events of his past that caused him to become tied to the forest. Note: Both books are novellas, so I recommend getting both at one time.
Starless by Jacqueline Carey | queer | Khai has been trained as a living weapon to protect the princess he is connected to, but that job might be much more dangerous as the pieces of a prophecy begin to fall into place.
The Starless Sea by Erin Morgenstern | mlm | Zachary Ezra Rawlins discovers a book with a story from his life, and follows it and several mysterious people into a world designed for readers and artists that's reaching the end of its life.
Under the Whispering Door by TJ Klune | mlm | Wallace wasn't the world's greatest person in life, but in death that starts to change. Unfortunately, he's been sticking around the tea shop of the dead a bit too long, and now has a week to sort out his feelings, especially the ones for the man tasked with guiding the dead to the next life.
Witchmark by C. L. Polk | mlm | A man dies in front of Dr. Miles Singer, but not before exposing him as a witch to Tristan Hunter. Hunter promises to keep the secret as long as Singer helps him figure out who wanted the dead man killed. Note: the sequels have a wlw couple and a nonbinary character who uses neopronouns, but I'm not doing entries to avoid spoilers.
Science Fiction
One Last Stop by Casey McQuinston | wlw, trans, mlm | August moved to Brooklyn to distance herself from her mom's obsessive search for August's uncle, only to get swept up in a new mystery surrounding the girl from the 70s who is stuck on the subway. Note: Honestly I don't know if this would be better under Fantasy, but it kinda fits both places.
This Is How You Lose the Time War by Amal El-Mohtar and Max Gladstone | wlw | Red and Blue are on either side of a war to secure their futures until Blue writes a letter to Red and opens a conversation.
The Vanished Birds by Simon Jimenez | wlw, mlm, ace | Long after the Earth becomes uninhabitable, ships like Nia Imani's travel through the Pocket, trading distance for time as the rest of the world ages past them. Nia's ship becomes an asset when she needs to hide a boy with unusual potential from the government-business of her world.
Realistic/Historical Fiction
Cantoras by Carolina de Robertis | wlw | Being gay in Uruguay during the 70s is dangerous. Despite this, five queer women band together and buy a beach house. This house becomes the center of their lives over the decades that follow.
Honey Girl by Morgan Rogers | wlw | A night in Las Vegas leads to Grace marrying a mystery girl. Now she needs to figure out how her wife fits into her world.
The Mercies by Kiran Millwood Hargrave | wlw | A storm kills almost all of the men on Maren's little Norwegian island. The women learn to survive, but a rift forms when a new governor and his young wife come to live there. Note: read the warnings on this one.
Anthologies
A People's Future of the United States by multiple authors | just... yes | A collection of short stories imagining America's future and the people living in it.
I update this list any time I finish a new book, so keep an eye on it for new titles. If you have a rec for me please send it in!
17 notes · View notes
elfyourmother · 8 years ago
Note
1 for gisele, 2 for khedira and imani, 13 for mari??
1: their voice:
Gisele has a light and airy sort of soprano voice that’s deepened a little over the years but not much. She’s something of a chameleon as far as her accent goes, though. As a child, her mom spoke Orlesian almost exclusively at home (it’s actually Gisele’s first language), and she picked up her mom’s thick accent, but when she first got to the Circle she was relentlessly mocked for it and tried very hard to train herself out of it. She mimicked the upper crust Fereldan speech she heard Irving and the rest spoke, so the end result was that she sounded a lot like Hermione. When she learned to stop being so embarrassed and ashamed about her Orlesian heritage thanks to Vivienne’s influence, she stopped actively repressing her accent, but by then it was mostly gone, and she sounded a lot like a human Fereldan noblewoman. 
Leliana brings the Orlesian out a lot though, when they speak, and being around her so much, Gisele’s voice has sort of evolved into something only mostly Fereldan but not quite, and the Orlesian-ness is much more pronounced when she turns up to Skyhold and is traipsing about Orlais. To the point that people who don’t know any better think she’s from Val Royeaux.
It’s kind of infuriating tbh because the Alix voice in Inquisition would have fit Gisele perfectly in Origins. If I were casting her VA in Inquisition I might use Eva Green--she speaks English mostly with a prim British accent but it’s still very obvious that she’s French because her accent slips.
2: their smile
Imani’s smile is big and bright and infectious. It lights up entire rooms, and you can’t help but smile too, around her.
Khedira’s smile, by contrast, tends to be sly and a bit more sardonic. She’s not the sort to show a lot of teeth.
13: their embarrassing memory from years ago
When Mari was very little, she was afraid of the moon--she thought it was following her, and Malcolm told this story to everybody ever, including the twins. Carver still makes fun of her for it.
11 notes · View notes
party-hard-or-die · 7 years ago
Text
Stress test results signal more flexible new-look Fed
WASHINGTON (Reuters) – This year’s Federal Reserve stress test results suggested a more flexible approach, a further sign the regulator’s new leadership is responding positively to a Wall Street push for pragmatic bank supervision, analysts and lawyers said.
FILE PHOTO: The Federal Reserve headquarters in Washington, U.S., September 16, 2015. REUTERS/Kevin Lamarque/File Photo
Banks that took a one-off capital hit due to the 2017 U.S. tax overhaul got a conditional pass, a departure from the Fed’s traditional strict pass-fail approach to quantitative capital issues, while scandal-plagued Wells Fargo & Co was able to double share buyback plans.
Goldman Sachs and Morgan Stanley were dinged since their capital fell below the Fed’s minimum, but the regulator’s response this year sounded a more industry-friendly tone under Chairman Jerome Powell and Vice Chairman Randal Quarles, President Donald Trump appointees, analysts and lawyers said.
“They have allowed firms to pass on the basis there were special circumstances and applied a level of pragmatism in the way they haven’t in the past. This is the new Fed and it signals to me an early retirement of this super-strict quantitative test,” said Mike Alix, financial services risk leader at PwC.
The Fed on Thursday approved the capital plans of 34 lenders following the second leg of its annual tests, a process introduced after the 2007-2009 financial crisis to assess banks’ capacity to withstand a severe recession. The U.S. central bank has ramped up its worst-case scenarios each year.
The U.S. tax code rewrite signed into law in December meant Goldman and Morgan Stanley’s Thursday results were weighed, in part, by changes to the treatment of past losses on hypothetical tax bills under the Fed’s scenarios.
But since the tax issue was a one-off and capital levels in the system are high, the Fed felt it was unnecessary to fail the two banks, senior Fed officials said.
Under the conditional approvals for their capital plans, the two banks can pay out capital distributions but must keep them in line with previous years.
Some analysts pointed to the Fed’s conditional approval of State Street Corp’s higher dividend even though its counterparty exposures showed high losses under the scenarios.
“This reinforces how the Federal Reserve was less draconian in how it reacted to the results,” said Cowen Washington Research Group’s Jaret Seiberg in a note.
Wells Fargo won approval for the highest payout ratio of the major U.S. banks, quashing investor concerns it would fail the part of the test measuring operational controls.
A passing grade could signal clearer skies ahead for Wells Fargo and better relations with regulators, according to analysts at Evercore Group LLC.
Democratic U.S. Senator Sherrod Brown on Thursday criticized bank payouts to “wealthy shareholders” and warned the Fed against easing up on how it approaches the tests.
STRESS BUFFER
Lenders have long complained the stress-test process is too opaque and that the Fed has been too harsh on firms whose results fall short of models the Fed keeps secret.
Despite noting the Fed’s pragmatic stance on Goldman Sachs and Morgan Stanley, industry insiders still questioned whether the regulator should have proceeded with the tough scenarios this year given the short-term adverse tax changes, and said they want further changes to make the process more transparent.
Powell and Quarles have said they believe stress-testing can be more transparent and less discretionary, but banks continue to worry that Fed rule-easing may not go far enough or could inadvertently make life tougher if changes are not finely tuned.
They point, for example, to the Fed’s April proposal to introduce a “stress capital buffer” that would work in tandem with the stress tests to move the system away from a strict annual quantitative pass-fail.
In a blog post published on Friday, bank trade group The Clearing House warned the proposal as written could actually exacerbate their capital planning challenges by requiring banks to capitalize themselves against stress losses year-round.
“This year’s results illustrate that capital requirements in the United States are highly volatile from year to year and that the volatility will be magnified by … the stress buffer,” they added.
Reporting by Michelle Price and Imani Moise; Editing by Meredith Mazzilli
The post Stress test results signal more flexible new-look Fed appeared first on World The News.
from World The News https://ift.tt/2z1SxuW via Breaking News
0 notes
dani-qrt · 7 years ago
Text
Stress test results signal more flexible new-look Fed
WASHINGTON (Reuters) – This year’s Federal Reserve stress test results suggested a more flexible approach, a further sign the regulator’s new leadership is responding positively to a Wall Street push for pragmatic bank supervision, analysts and lawyers said.
FILE PHOTO: The Federal Reserve headquarters in Washington, U.S., September 16, 2015. REUTERS/Kevin Lamarque/File Photo
Banks that took a one-off capital hit due to the 2017 U.S. tax overhaul got a conditional pass, a departure from the Fed’s traditional strict pass-fail approach to quantitative capital issues, while scandal-plagued Wells Fargo & Co was able to double share buyback plans.
Goldman Sachs and Morgan Stanley were dinged since their capital fell below the Fed’s minimum, but the regulator’s response this year sounded a more industry-friendly tone under Chairman Jerome Powell and Vice Chairman Randal Quarles, President Donald Trump appointees, analysts and lawyers said.
“They have allowed firms to pass on the basis there were special circumstances and applied a level of pragmatism in the way they haven’t in the past. This is the new Fed and it signals to me an early retirement of this super-strict quantitative test,” said Mike Alix, financial services risk leader at PwC.
The Fed on Thursday approved the capital plans of 34 lenders following the second leg of its annual tests, a process introduced after the 2007-2009 financial crisis to assess banks’ capacity to withstand a severe recession. The U.S. central bank has ramped up its worst-case scenarios each year.
The U.S. tax code rewrite signed into law in December meant Goldman and Morgan Stanley’s Thursday results were weighed, in part, by changes to the treatment of past losses on hypothetical tax bills under the Fed’s scenarios.
But since the tax issue was a one-off and capital levels in the system are high, the Fed felt it was unnecessary to fail the two banks, senior Fed officials said.
Under the conditional approvals for their capital plans, the two banks can pay out capital distributions but must keep them in line with previous years.
Some analysts pointed to the Fed’s conditional approval of State Street Corp’s higher dividend even though its counterparty exposures showed high losses under the scenarios.
“This reinforces how the Federal Reserve was less draconian in how it reacted to the results,” said Cowen Washington Research Group’s Jaret Seiberg in a note.
Wells Fargo won approval for the highest payout ratio of the major U.S. banks, quashing investor concerns it would fail the part of the test measuring operational controls.
A passing grade could signal clearer skies ahead for Wells Fargo and better relations with regulators, according to analysts at Evercore Group LLC.
Democratic U.S. Senator Sherrod Brown on Thursday criticized bank payouts to “wealthy shareholders” and warned the Fed against easing up on how it approaches the tests.
STRESS BUFFER
Lenders have long complained the stress-test process is too opaque and that the Fed has been too harsh on firms whose results fall short of models the Fed keeps secret.
Despite noting the Fed’s pragmatic stance on Goldman Sachs and Morgan Stanley, industry insiders still questioned whether the regulator should have proceeded with the tough scenarios this year given the short-term adverse tax changes, and said they want further changes to make the process more transparent.
Powell and Quarles have said they believe stress-testing can be more transparent and less discretionary, but banks continue to worry that Fed rule-easing may not go far enough or could inadvertently make life tougher if changes are not finely tuned.
They point, for example, to the Fed’s April proposal to introduce a “stress capital buffer” that would work in tandem with the stress tests to move the system away from a strict annual quantitative pass-fail.
In a blog post published on Friday, bank trade group The Clearing House warned the proposal as written could actually exacerbate their capital planning challenges by requiring banks to capitalize themselves against stress losses year-round.
“This year’s results illustrate that capital requirements in the United States are highly volatile from year to year and that the volatility will be magnified by … the stress buffer,” they added.
Reporting by Michelle Price and Imani Moise; Editing by Meredith Mazzilli
The post Stress test results signal more flexible new-look Fed appeared first on World The News.
from World The News https://ift.tt/2z1SxuW via Online News
0 notes
cleopatrarps · 7 years ago
Text
Stress test results signal more flexible new-look Fed
WASHINGTON (Reuters) – This year’s Federal Reserve stress test results suggested a more flexible approach, a further sign the regulator’s new leadership is responding positively to a Wall Street push for pragmatic bank supervision, analysts and lawyers said.
FILE PHOTO: The Federal Reserve headquarters in Washington, U.S., September 16, 2015. REUTERS/Kevin Lamarque/File Photo
Banks that took a one-off capital hit due to the 2017 U.S. tax overhaul got a conditional pass, a departure from the Fed’s traditional strict pass-fail approach to quantitative capital issues, while scandal-plagued Wells Fargo & Co was able to double share buyback plans.
Goldman Sachs and Morgan Stanley were dinged since their capital fell below the Fed’s minimum, but the regulator’s response this year sounded a more industry-friendly tone under Chairman Jerome Powell and Vice Chairman Randal Quarles, President Donald Trump appointees, analysts and lawyers said.
“They have allowed firms to pass on the basis there were special circumstances and applied a level of pragmatism in the way they haven’t in the past. This is the new Fed and it signals to me an early retirement of this super-strict quantitative test,” said Mike Alix, financial services risk leader at PwC.
The Fed on Thursday approved the capital plans of 34 lenders following the second leg of its annual tests, a process introduced after the 2007-2009 financial crisis to assess banks’ capacity to withstand a severe recession. The U.S. central bank has ramped up its worst-case scenarios each year.
The U.S. tax code rewrite signed into law in December meant Goldman and Morgan Stanley’s Thursday results were weighed, in part, by changes to the treatment of past losses on hypothetical tax bills under the Fed’s scenarios.
But since the tax issue was a one-off and capital levels in the system are high, the Fed felt it was unnecessary to fail the two banks, senior Fed officials said.
Under the conditional approvals for their capital plans, the two banks can pay out capital distributions but must keep them in line with previous years.
Some analysts pointed to the Fed’s conditional approval of State Street Corp’s higher dividend even though its counterparty exposures showed high losses under the scenarios.
“This reinforces how the Federal Reserve was less draconian in how it reacted to the results,” said Cowen Washington Research Group’s Jaret Seiberg in a note.
Wells Fargo won approval for the highest payout ratio of the major U.S. banks, quashing investor concerns it would fail the part of the test measuring operational controls.
A passing grade could signal clearer skies ahead for Wells Fargo and better relations with regulators, according to analysts at Evercore Group LLC.
Democratic U.S. Senator Sherrod Brown on Thursday criticized bank payouts to “wealthy shareholders” and warned the Fed against easing up on how it approaches the tests.
STRESS BUFFER
Lenders have long complained the stress-test process is too opaque and that the Fed has been too harsh on firms whose results fall short of models the Fed keeps secret.
Despite noting the Fed’s pragmatic stance on Goldman Sachs and Morgan Stanley, industry insiders still questioned whether the regulator should have proceeded with the tough scenarios this year given the short-term adverse tax changes, and said they want further changes to make the process more transparent.
Powell and Quarles have said they believe stress-testing can be more transparent and less discretionary, but banks continue to worry that Fed rule-easing may not go far enough or could inadvertently make life tougher if changes are not finely tuned.
They point, for example, to the Fed’s April proposal to introduce a “stress capital buffer” that would work in tandem with the stress tests to move the system away from a strict annual quantitative pass-fail.
In a blog post published on Friday, bank trade group The Clearing House warned the proposal as written could actually exacerbate their capital planning challenges by requiring banks to capitalize themselves against stress losses year-round.
“This year’s results illustrate that capital requirements in the United States are highly volatile from year to year and that the volatility will be magnified by … the stress buffer,” they added.
Reporting by Michelle Price and Imani Moise; Editing by Meredith Mazzilli
The post Stress test results signal more flexible new-look Fed appeared first on World The News.
from World The News https://ift.tt/2z1SxuW via News of World
0 notes
newestbalance · 7 years ago
Text
Stress test results signal more flexible new-look Fed
WASHINGTON (Reuters) – This year’s Federal Reserve stress test results suggested a more flexible approach, a further sign the regulator’s new leadership is responding positively to a Wall Street push for pragmatic bank supervision, analysts and lawyers said.
FILE PHOTO: The Federal Reserve headquarters in Washington, U.S., September 16, 2015. REUTERS/Kevin Lamarque/File Photo
Banks that took a one-off capital hit due to the 2017 U.S. tax overhaul got a conditional pass, a departure from the Fed’s traditional strict pass-fail approach to quantitative capital issues, while scandal-plagued Wells Fargo & Co was able to double share buyback plans.
Goldman Sachs and Morgan Stanley were dinged since their capital fell below the Fed’s minimum, but the regulator’s response this year sounded a more industry-friendly tone under Chairman Jerome Powell and Vice Chairman Randal Quarles, President Donald Trump appointees, analysts and lawyers said.
“They have allowed firms to pass on the basis there were special circumstances and applied a level of pragmatism in the way they haven’t in the past. This is the new Fed and it signals to me an early retirement of this super-strict quantitative test,” said Mike Alix, financial services risk leader at PwC.
The Fed on Thursday approved the capital plans of 34 lenders following the second leg of its annual tests, a process introduced after the 2007-2009 financial crisis to assess banks’ capacity to withstand a severe recession. The U.S. central bank has ramped up its worst-case scenarios each year.
The U.S. tax code rewrite signed into law in December meant Goldman and Morgan Stanley’s Thursday results were weighed, in part, by changes to the treatment of past losses on hypothetical tax bills under the Fed’s scenarios.
But since the tax issue was a one-off and capital levels in the system are high, the Fed felt it was unnecessary to fail the two banks, senior Fed officials said.
Under the conditional approvals for their capital plans, the two banks can pay out capital distributions but must keep them in line with previous years.
Some analysts pointed to the Fed’s conditional approval of State Street Corp’s higher dividend even though its counterparty exposures showed high losses under the scenarios.
“This reinforces how the Federal Reserve was less draconian in how it reacted to the results,” said Cowen Washington Research Group’s Jaret Seiberg in a note.
Wells Fargo won approval for the highest payout ratio of the major U.S. banks, quashing investor concerns it would fail the part of the test measuring operational controls.
A passing grade could signal clearer skies ahead for Wells Fargo and better relations with regulators, according to analysts at Evercore Group LLC.
Democratic U.S. Senator Sherrod Brown on Thursday criticized bank payouts to “wealthy shareholders” and warned the Fed against easing up on how it approaches the tests.
STRESS BUFFER
Lenders have long complained the stress-test process is too opaque and that the Fed has been too harsh on firms whose results fall short of models the Fed keeps secret.
Despite noting the Fed’s pragmatic stance on Goldman Sachs and Morgan Stanley, industry insiders still questioned whether the regulator should have proceeded with the tough scenarios this year given the short-term adverse tax changes, and said they want further changes to make the process more transparent.
Powell and Quarles have said they believe stress-testing can be more transparent and less discretionary, but banks continue to worry that Fed rule-easing may not go far enough or could inadvertently make life tougher if changes are not finely tuned.
They point, for example, to the Fed’s April proposal to introduce a “stress capital buffer” that would work in tandem with the stress tests to move the system away from a strict annual quantitative pass-fail.
In a blog post published on Friday, bank trade group The Clearing House warned the proposal as written could actually exacerbate their capital planning challenges by requiring banks to capitalize themselves against stress losses year-round.
“This year’s results illustrate that capital requirements in the United States are highly volatile from year to year and that the volatility will be magnified by … the stress buffer,” they added.
Reporting by Michelle Price and Imani Moise; Editing by Meredith Mazzilli
The post Stress test results signal more flexible new-look Fed appeared first on World The News.
from World The News https://ift.tt/2z1SxuW via Everyday News
0 notes
sunliights · 7 months ago
Text
Tumblr media
"friendly? is that what we're calling it?" alix doesn't think of herself as particularly reactive; her life has led her into assessing situations and then acting accordingly. however, there had just been something about seeing imani with someone else that had driven her to stepping in. whether it was necessary or otherwise. "they were totally flirting with you!"
Tumblr media
imani looked at alix bewildered, her expression quickly shifting from surprise to confusion. she blinked a few times, trying to process alix’s abrupt reaction. “hey, what’s wrong?” she asked softly, the concern evident in her voice. she reached out to place her hand on alix’s waist but quickly pulled it back when she remembered they were in public. “i was just being friendly—did i do something?” her brows furrowed slightly, as her hand nervously rubbed the rim of her drink.
7 notes · View notes
allthingsdarkanddirty · 2 years ago
Text
Tumblr media
★✩★ COVER REVEAL ★✩★
Backed by Love
A Turkey Earthquake Anthology
Goodreads: https://www.goodreads.com/book/show/123121781
Release Date: April 3
Hosted by DS Book Promotions
Amazon | Apple | Nook | Kobo – Preorder
 books2read.com/BackedbyLove
On February 6, 2023, a devastatingly powerful 7.8 magnitude earthquake and strong aftershocks decimated parts of Turkey. We've all watched, helpless, as rescuers tried to reach those trapped in the rubble, and the death toll continues to rise. 25 romance authors have banded together to try to make a difference by releasing this anthology with 100% of royalties going to a reputable charity helping those in affected areas--Turkish Red Crescent (the Turkish arm of the Red Cross). Enjoy these stories of hope and love and help us support those affected by the earthquake by backing them with love. Featuring stories from: Gwyn McNamee Scarlett Finn Katrina Marie Liz Durano Evey Lyon D. Kelly Dakota Willink Jocelyne Soto Imani Jay S.M. West Carrie Lomax DL Gallie S.L. Sterling Vi Summers Claire Hastings Lyra Parish Eve Pendle Echo Grayce and Melissa Ivers Tara Wyatt Lee Savino Lauren Stewart Cadence Keys Kimberly Quinn January James Alix Key
#coverreveal #charityanthology #romancecollection #doitforturkey #preorder #comingsoon #bookish #booklove #lizdurano #dlgallie #visummers #gwynmcnamee #dsbookpromotions
@Gwyn McNamee @Liz Durano @DL Gallie @DS Book Promotions
0 notes