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first_img Top Stories You can’t watch an NFL game without being awed by the speed some players display.In fact, an Arizona Cardinals game may feature a little more in the speed category than others.The Cardinals have plenty of speed on the field, at several positions, but two of their players — wide receiver J.J. Nelson and cornerback Patrick Peterson — made the cut on a list of the NFL’s fastest players compiled by ESPN analyst Matt Bowen. 0 Comments   Share   Bowen published an article on highlighting the league’s speed merchants after breaking down film to see “whose track speed translates to the field.”Nelson, a third-year wide receiver from Alabama-Birmingham, was third on the list.In two NFL seasons, Nelson has averaged more than 19 yards per catch (19.3). He’s a true big-play weapon with the speed to get over the top of the secondary and eliminate defensive pursuit. Check out this touchdown run versus the Dolphins on the reverse (watch). Nelson destroys the angle from the safety and outruns the defense on his way to six. Given his size (5-foot-10, 160 pounds), Nelson isn’t going to earn his money on middle-of-the-field throws. Instead, he’s going to work over the top of the secondary and rip off chunk plays with that 4.28 speed.Cardinals head coach Bruce Arians noticed Nelson’s jaw-dropping speed while the receiver was still in high school.“It’s funny because I was at a track meet five years ago, four years ago, in Alabama — the state championships and my granddaughter was running,” the coach said after the Cardinals picked Nelson in the fifth round of the 2015 NFL Draft. “This kid from Midfield won the 100, 200, 4×100 — little skinny dude. My son and I go, ‘Who in the hell is that?’ The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo “It just happened to be J.J. Nelson.”Peterson is one of the most decorated and respected cornerbacks in the league, but his speed doesn’t get talked about a lot. Bowen ranked the sixth-year player 11th on his list.Playing in the secondary is more about short-area closing speed and the ability to transition (or break) on the ball. That’s why it can be hard to compare the long speed of Peterson to the wide receivers on this list. But if we go back to some of his punt returns earlier in his career (watch) or take a look at his interception this past season versus the Bills when he opened it up to track the ball (watch), there’s no doubt that Peterson belongs with this group. He’s a low-4.3 guy all day.Arizona was one of only two teams to have two players appear on Bowen’s list. The Atlanta Falcons were the other, with receivers Taylor Gabriel (9th) and Julio Jones (12th) making the cut. Derrick Hall satisfied with D-backs’ buying and selling Former Cardinals kicker Phil Dawson retires Grace expects Greinke trade to have emotional impactlast_img read more

Ontario credit unions now able to participate in bankled syndicated loans following

first_img More 0 Comments Geoff Zochodne An Ontario regulator of credit unions, the Deposit Insurance Corporation of Ontario (DICO), issued an advisory last August that laid out the restrictions around syndicated loans.DICO also said that a review of the five largest syndicated loans by each credit union “has identified instances where the syndicating (lead) credit union is not a prescribed organization,” adding that it would consider on a “case by case basis” grandfathering those loans for a reasonable period of time.“Organizations … including without limitation banks within the meaning of Section 2 of the Bank Act (Canada) e.g. TD Bank, Concentra Bank, are not included as prescribed organizations and are not authorized to act as a syndicating (lead) credit union to a syndicated loan within or outside Ontario,” the advisory said.Ontario has already amended its regulations, however, permitting provincial credit unions to join in on bank-led loan syndications as of Dec. 7, 2018. The change applies to the nearly 80 credit unions and caisses populaires in Ontario, which have around 1.6 million members and more than $63 billion in assets, the finance spokesperson said.“This would help them to better manage risk and compete, while expanding access to financing for their small-business customers,” a government backgrounder said.• Email: | Twitter: January 14, 201910:37 AM EST Filed under News FP Street Facebook Featured Stories Ontario credit unions now able to participate in bank-led syndicated loans, following rule change Helps credit unions manage loan risk while cutting red tape. It also boosts commercial lending and improves liquidity Email Reddit Join the conversation →center_img Twitter Comment Coast Capital’s Help Headquarters in Surrey, B.C.Handout Share this storyOntario credit unions now able to participate in bank-led syndicated loans, following rule change Tumblr Pinterest Google+ LinkedIn Sponsored By: advertisement Ontario’s credit unions can now take part in group loans that are spearheaded by banks, a result of changes made as part of Premier Doug Ford’s push to ensure the province is “open for business.”The Ontario government said in December that the province would amend its existing rules to let credit unions participate in bank-led syndicated loans, in which a group of lenders team up to provide money to a borrower.Ontario says the move — which was tucked into a broader package of proposals to cut red tape — will mean more financing options for businesses.It will also help credit unions to better compete in commercial lending, the province says, by allowing them to offer bigger loans to their customers. Meridian Credit Union clears key hurdle to launching new national bank Credit unions can’t call services ‘bank’ or ‘banking’ and they aren’t happy about it The surprising secret to funding a successful startup “In addition, the amendment enables credit unions to more effectively manage their risk by diversifying their lending portfolios,” a spokesperson for Ontario’s Ministry of Finance said in an email. “This change provides necessary clarity and reduces red tape for credit unions and banks to improve liquidity for Ontario capital markets and consumers.”Previously, Ontario credit unions had been allowed to participate in loan syndications led by their fellow provincially regulated credit unions, but not by federally regulated banks or credit unions.Ontario was the only province in Canada with this restriction, making it unique, according to Martha Durdin, president and CEO of the Canadian Credit Union Association.“It put Ontario credit unions at a disadvantage,” Durdin said. “Because of the relative size (of credit unions), participating in syndications rather than leading them is (an) attractive tool for them, so that they can pursue larger clients.”Durdin gave the example of an agricultural client of a credit union seeking to buy a new piece of land worth millions of dollars, a loan that the credit union might not be able to fund without joining a syndicate.“So it hurts credit unions, hurts business, if they couldn’t do it,” she added. “And it would force businesses and customers to only work with the larger banks, which … impacts competition.”The prohibition also blocked Ontario credit unions from participating in loans led by Concentra Bank, a lender that is owned by credit unions and that provides financial services to them.… it hurts credit unions, hurts business, if they couldn’t (fund a large loan). And it would force customers to only work with the larger banks, which … impacts competition.Martha Durdin, Canadian Credit Union Association ← Previous Next → What you need to know about passing the family cottage to the next generationlast_img read more