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first_imgNCUA’s revised member business lending (MBL) rule has been in effect for more than 6 months now, and according to the agency, it has received a number of questions about the rule and its implementation. In this quarter’s NCUA Report, the agency tackled some of the most frequently asked questions.Chief among those questions is: What are NCUA’s expectations under the new MBL and commercial loan rule?The answer: NCUA expects credit unions to offer commercial loans in a safe and sound manner and structured appropriately for the member’s needs and within the member’s financial abilities.The new rule requires active oversight by senior managers and the board, but also extends flexibility to credit unions to establish policies and program controls instead of prescriptive regulatory requirements.The rule now takes a more principles-based approach to managing a commercial loan program and allows management to tailor appropriate risk-management practices to suit their individual circumstances. continue reading » 15SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

first_imgMarineEnergy.biz has compiled the top news from marine energy industry from June 25 until July 1, 2018.Swansea Bay tidal lagoon gets an official ‘no’The UK government has rejected the Swansea Bay tidal lagoon proposal, stating that it does not meet the requirements for value for money.The UK government’s decision not to support the Swansea Bay tidal lagoon project – proposed by Tidal Lagoon Power – was unveiled by the UK energy secretary Greg Clark during his address to the House of Commons on June 25, 2018.The decision comes 18 months after the release of the government-commissioned review of tidal lagoon industry, known as the Hendry Review, which backed the wider tidal lagoon industry, as well as the ‘pathfinder’ Swansea Bay tidal lagoon.PLAT-I bound for Nova Scotia after buoyant Scottish trialsUK marine engineering company Sustainable Marine Energy (SME) is preparing to ship the PLAT-I tidal energy platform from Connel in Western Scotland, to Grand Passage in Nova Scotia, where it will be put to the second round of sea trials.The 280kW PLAT-I platform, which was under trials at Connel Sound since November 2017, is expected to be Canada bound on a container ship by mid-July.SME is now teaming up with the Canadian company Black Rock Tidal Power Inc (BRTP) for the follow on project that will see the PLAT-I deployed for the second phase of testing in the harsher sea climate.MAKO tidal turbine set for Gladstone port demonstrationAustralian-based tidal energy company MAKO Tidal Turbines (MTT) and Gladstone Ports Corporation (GPC) have joined forces to conduct a six-month tidal turbine demonstration in Queensland.The project, set for deployment at Port of Gladstone, will investigate how tidal energy can contribute to Australia’s energy mix by producing clean, predictable renewable energy.MAKO said its tidal turbine is expected to be installed at GPC’s Barney Point Terminal within months.Sweden pumps in €8.2M for full-scale CorPower deviceThe Swedish Energy Agency has granted CorPower Ocean a little over €8 million (SEK 85 million) to support the construction and testing of a full-scale device and subsequent wave energy park demonstration.The demonstration wave energy park will feature three full-scale CorPower units, according to the Swedish Energy Agency.Earlier in the week, the European Marine Energy Centre (EMEC) issued a performance statement to CorPower Ocean following the dry testing of Swedish developer’s half-scale wave energy converter (WEC) in Stockholm.The testing involved the dry testing of CorPower’s power take-off (PTO) on the Hardware-In-the-Loop (HIL) test rig, specifically designed for the purposes of testing the PTO onshore as part of the Wave Energy Scotland (WES) funded Hi-Drive project.European ocean energy market study hot off the pressDG MARE, a body responsible for the EU Commission’s policies on maritime affairs and fisheries, has published an ocean energy market study which outlines the financial needs of the ocean energy sector in the EU.The scope of the study, co-authored by WavEC Offshore Renewables and Italian business management consultants COGEA, was to estimate the financial needs of the ocean energy sector in the EU, identify potential financing gaps and possible financing solutions, and to analyse recommendations of the ocean energy roadmap in that context.last_img read more

first_img… Watkins outstanding with bat, ball in Malteenoes’ winDOMINANT bowling performances from Qumar Torrington and Daniel Mootoo spurred home team, Demerara Cricket Club (DCC), to a 10-wicket victory against Sophia when action in the NBS Second Division 40-over competition continued yesterday at the Queenstown ground.Meanwhile Marcus Watkins did it at both ends to lead home-team Malteenoes Sports Club to a convincing victory against the Gandhi Youth Organisation (GYO) Cricket Club.At DCC, former West Indies Under-16 fast bowler Torrington made light of an undermanned Sophia team. Batting first, the visitors were overwhelmed by the home team’s bowlers.Torrington, who did the damage early, captured 3-14 from four overs, while left-arm spinner Daniel Mootoo was able to undermine the middle and lower orders to finish with 3-8 from 3.2 overs.Marcus Watkins took a five-wicket haul, after scoring a half-century for Malteenoes.In reply, the home team’s junior players Shamar Yearwood and Brandon Jaikaran were able to overhaul the target in quick-time. Yearwood who scored his maiden century last week in a two-day cricket match, finished with 25 (1×4 2×6) not out, while Jaikaran finished with 16 (2×4) unbeaten runs.At the Malteenoes Sports Club ground, the home team romped to a 113-run victory after 32-year-old Marcus Watkins struck a half-century before picking up a five-wicket haul with his off-spin bowling.GYO won the toss and opted to bowl, but Shemroy Barrington was in an ultra-aggressive mood.The opener belted four sixes and three of his four boundaries early to send home team racing to 48 without loss at the end of over number two, but GYO were able to stem the runs flow.When Barrington fell for 52 via run-out, skipper Nichosie Barker 35 (3×4, 3×6), Jeremiah Scott 45 (5×4, 3×6) and Watkins 63 (5×4, 4×6) all batted with a high strike rate to set up a big finish. GYO again responded, this time by destroying the tail, which left the home side at 248 all out in 34.4 overs.Skipper Divesh Ramjattan who did his damage late, finished with 3-24 from 2.4 overs, while left arm spinner Trevon France took 2-27.In reply, France led the side with an entertaining 37 (5×4, 1×6). Batting at number seven, he and Rohan Sukhnandan (two runs) were able to put on 40 runs for the last wicket before they were dismissed for 135 from 28.3 overs.Michael Deonarine and Joshua Ramsammy supported with 20 each, but both succumbed to the spin of Watkins, who finished with 5-32 from eight overs.last_img read more