Tag Archives: risk

Cossec: Co-ops solvent, but face cash-flow problems

  http://caribbeanbusiness.com/cossec-co-ops-solvent-but-face-cash-flow-problems Cossec: Co-ops solvent, but face cash-flow problems By Eva Lloréns Vélez on August 12, 2017 Editor’s note: The following article originally appeared in the August 10 print edition of Caribbean Business. SAN JUAN — While the Cooperatives Supervision … Continue reading

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Cossec restructuring would impact co-ops’ cash flow

http://caribbeanbusiness.com/cossec-restructuring-would-impact-co-ops-cash-flow Cossec restructuring would impact co-ops’ cash flow By Eva Lloréns Vélez on March 26, 2018 SAN JUAN — More than half, or 56 percent, of the $1.5 billion investment portfolio of Puerto Rico’s savings & loan cooperatives is invested in … Continue reading

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Oversight Board proposes adjustments and consolidation for Cossec

The Puerto Rico government forced the cooperativos, aka credit unions, to buy Puerto Rican bonds, which are now considered junk. Sounds like if the cooperativos had to mark these assets to market, many would be insolvent. So the regulator is … Continue reading

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Puerto Rico hurricane warning, storm watch websites. Get ready. Be prepared.

Puerto Rico hurricane watch, warning resources: http://www.weather.gov/sju http://www.weather.gov/srh/tropical?office=sjujuu Click the second tab, “Active Storms,” on the above link. http://www.nhc.noaa.gov http://www.accuweather.com/en/pr/puerto-rico-weather http://www.wunderground.com twitter.com/weatherchannel http://www.temporadadehuracanes.pr.gov   Temporary Hurricane Shelter Locator Puerto Rico, which is in the Atlantic Ocean, has a hurricane season which … Continue reading

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Protect your skin against the harsh UV rays of the sun in Puerto Rico

Based on the above image, Puerto Rico in the lower right corner, has a 12 rating, which is extreme for the intensity of UV rays. This indicates skin damage from the sun can occur in LESS THAN 10 MINUTES! https://www.epa.gov/sunsafety/uv-index-1Continue reading

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