The Financial Supervisory Service said solvency issues at some insurers, including Lotte Insurance, pose limited risk to the market, as authorities plan preemptive measures and ongoing IFRS 17 reforms to strengthen sector stability.
#YonhapInfomax #FinancialSupervisoryService #LotteInsurance #IFRS17 #Solvency #KICS #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=65137

A quotation from Oliver Wendell Holmes, Sr.

I only ask that Fortune send
A little more than I shall spend.

Oliver Wendell Holmes, Sr. (1809-1894) American poet, essayist, scholar
Poem (1858), “Contentment,” st. 3

Sourcing, notes: wist.info/holmes-sr-oliver-wen…

#quote #quotes #quotation #qotd #solvency #blessing #comfort #contentment #fortune #goodluck #moderation #money #wealth

“I think it is the biggest risk facing society, frankly,” Hielkema said. “There are a lot of reasons why it could have a financial stability impact — first a lot of property losses need to be paid for and that becomes a problem — also it is a larger problem if people cannot get insurance for their houses and they can’t build.”
#collapse #Europe #insurance #infrastructure #solvency #climatechange #climatecrisis #climateemergency #housing
https://www.ft.com/content/32b588a7-b470-4012-8bc2-f9eea3f17902

Trump reveals he made $300,000 selling Bibles and has big cryptocurrency stash

Financial disclosure shows presidential nominee owes $500m in #civil #penalties but sheds little light on #solvency

Donald Trump made hundred of thousands from his branded #Bible and millions from his #properties
– but also owes millions for #defamation and #fraud cases, according to his latest financial disclosures that shed little light on the perennial question of whether the Republican presidential nominee is, in fact, solvent.

Voluminous disclosure documents to the US Office of Government Ethics to comply with election campaign laws show that,
in addition to Trump’s US real estate holdings,
he has global financial interests, including registered #trademarks in China, Saudi Arabia, Iran, Ukraine and Israel.

He also owns millions in #cryptocurrency and has a six-figure investment in #gold #bars.

But the disclosures also hint at Trump’s substantial personal outgoings,
👉including more than $500m owed to both the writer E Jean Carroll and the New York attorney general -- resulting from civil judgments involving defamation and accounting fraud.👈

Both judgments
– $83m to Carroll and
– $454m to New York state
– are subject to bonds while Trump appeals the decisions,
a process that could take years.

Trump’s #MarALago home and private club in Florida, which formed part of a case against the Trump Organization involving #inflated asset #valuations,
produced about $57m in income from the club, down about $8m from a previous disclosure.

The disclosures are not a profit-and-loss balance sheet
– they only give broad ranges of income and assets
– so alone they cannot determine whether Trump is in the red or the black.

He has consistently resisted efforts to force the release of his tax returns,
although two years ago a Democrat-controlled Congress released six years of Trump’s tax returns,
dating to 2015, the year he announced his presidential bid.

https://www.theguardian.com/us-news/article/2024/aug/16/trump-civil-penalties-finance-disclosure?CMP=Share_iOSApp_Other

The distinction between #sovereign #currency issuers and currency #users is fundamental to understanding the #policy space available to different economic actors.

Sovereign currency #issuers have a unique capacity to manage their economies without the #solvency constraints faced by currency users, which has profound implications for #fiscal and #monetary #policy.

„Die Grünen-Abgeordnete Henrike Hahn betonte, die #Solvency - Einigung trage auch eine klare, grüne Handschrift, da Versicherer zugleich dazu verpflichtet würden, Transitionspläne zu veröffentlichen…“
Read more here ⬇️
# ClimateActionNow #GreenFinance https://www.boersen-zeitung.de/banken-finanzen/eu-parlament-bei-solvency-ii-reform-und-abwicklung-einig

🐦🔗: https://n.respublicae.eu/henrikehahn/status/1682394663079247872

🇪🇺💶Today we voted in ECON on #Solvency 2 and the Insurance Recovery & Resolution Directive I worked on as shadow for @GreensEFA.
👉What does it means, esp. for #taxpayers anf #climate ?
Read here my press releases:
https://gruenlink.de/2os9
https://gruenlink.de/2osa https://t.co/onRifZ0FZu

🐦🔗: https://n.respublicae.eu/henrikehahn/status/1681336488573714432

Re @urgewald @europarl_en @VMonitor @VWheute @InsOurFuture @klimareport @GreensEFA @MarkusFerber @s_yoncourtin https://n.respublicae.eu/henrikehahn/status/1681336488573714432
<div class="rsshub-quote">
Henrike Hahn 🇪🇺: 🇪🇺💶Today we voted in ECON on #Solvency 2 and the Insurance Recovery &amp; Resolution Directive I worked on as shadow for @GreensEFA.
👉What does it means, esp. for #taxpayers anf #climate ?
Read here my press releases:
https://gruenlink.de/2os9
https://gruenlink.de/2osa https://t.co/onRifZ0FZu
</div>

🐦🔗: https://n.respublicae.eu/henrikehahn/status/1681338538036539392

Re @metz_caroline @europarl_en @GreensEFA @s_yoncourtin @EeroHeinaluoma @MacManusChris @MarkusFerber @ShareAction @forfinancewatch @urgewald @Eko_Movement https://n.respublicae.eu/henrikehahn/status/1681336488573714432
<div class="rsshub-quote">
Henrike Hahn 🇪🇺: 🇪🇺💶Today we voted in ECON on #Solvency 2 and the Insurance Recovery &amp; Resolution Directive I worked on as shadow for @GreensEFA.
👉What does it means, esp. for #taxpayers anf #climate ?
Read here my press releases:
https://gruenlink.de/2os9
https://gruenlink.de/2osa https://t.co/onRifZ0FZu
</div>

🐦🔗: https://n.respublicae.eu/henrikehahn/status/1681338590247124992

CBs are public institutions with policy mandates; they typically transfer their excess #profits to the fiscal authority. The usual concept of #solvency does not apply, chart @BIS_org https://cutt.ly/E8zM2nv

#FTX, the #crypto exchange that dramatically collapsed last month, said it was suffering a "liquidity crisis". But in fact it is deeply #insolvent. What is the difference between #liquidity and #solvency, and why does it matter? https://www.coindesk.com/consensus-magazine/2022/12/14/after-ftx-explaining-the-difference-between-liquidity-and-insolvency/