Core Business Line definition

Core Business Line means those business lines of a potential Covered Financial Company, including associated operations, services, functions and support, that, in the view of the potential Covered Financial Company, upon failure would result in a material loss of revenue, profit, or franchise value. 12 CFR 381.2(c). “Critical operations” means those operations of a potential Covered Financial Company, including associated services, functions and support, the failure or discontinuance of which, in the view of the potential Covered Financial Company or as jointly directed by the Board of the Federal Reserve and the FDIC, would pose a threat to the financial stability of the United States. 12 CFR 381.2(g).
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Core Business Line means a business line of the Firm, including associated operations, services, functions and support, which upon failure would result in a material loss of revenue, profit, or franchise value. The Firm has three Core Business Lines: Institutional Securities, Wealth Management and Investment Management.
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Core Business Line means a business line of the Firm, including associated operations, services, functions and support, which upon failure would result in a
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Examples of Core Business Line in a sentence

  • Ally's Automotive Finance Core Business Line consists of automotive finance business generated in the United States.

  • Material Entities are defined as a subsidiary or foreign office of the Covered Company that is significant to the activities of a Critical Operation or Core Business Line.

  • As a result, WRB has determined that none of the business lines should be considered a Core Business Line that are conducted in whole or material part in the U.S. and the failure of which would result in a material loss of revenue, profit or franchise value to WRB.

  • The Insurance Core Business Line is guided by an investment committee, which develops investment guidelines and strategies.

  • Ally's Insurance Core Business Line offers both consumer financial protection and insurance products sold primarily through the automotive dealer channel, and commercial insurance products sold directly to dealers.

  • Residential Mortgage Banking The Residential Mortgage Banking Core Business Line originates and services residential mortgage loans.

  • A significant aspect of Ally's Insurance Core Business Line involves the investment of proceeds from premiums and other revenue sources.

  • The U.S. Entities generally have no material operational interconnections with each other, with HNCB, or with the non-banking operations of HNFHC outside the U.S. Further, as defined by the Rule, neither of these U.S. Entities is a Material Entity, as neither conducts a Core Business Line for HNFHC or a Critical Operation.

  • Business Banking The Business Banking Core Business Line provides a wide range of services to small businesses and professionals within markets served by M&T Bank through its branch network, business banking centers and other delivery channels such as telephone banking, Internet banking and automated teller machines.

  • A Material Entity is a subsidiary or foreign office of the covered company that is significant to the activities of a Critical Operation or Core Business Line.


More Definitions of Core Business Line

Core Business Line means a business line of the Firm, including associated operations, services, functions and support, which upon failure would result in a material loss of revenue, profit or franchise value. The Firm has three Core Business Lines: Institutional Securities, Wealth Management and Investment Management, which are summarized below. For more detailed information on the Firm’s Core Business Lines and Material Entities, see Sections 6 and 7 below.
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Core Business Line means business lines and associated services which represent material sources of revenue, profit or franchise value for an institution or for a group of which an institution forms part;
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Core Business Line means those business lines that the SARB would seek to protect through the implementation of resolution options to ensure the sustainability of the designated institution after the implementation of one or more resolution options.
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Related to Core Business Line

  • Business Area means an adjacent area that is zoned by a state, county, township, or municipal zoning authority for industrial or commercial purposes, customarily referred to as "b" or business, "c" or commercial, "i" or industrial, "m" or manufacturing, and "s" or service, and all other similar classifications and that is within a city, village, or charter township or is within 1 mile of the corporate limits of a city, village, or charter township or is beyond 1 mile of the corporate limits of a city, village, or charter township and contains 1 or more permanent structures devoted to the industrial or commercial purposes described in this subdivision and that extends along the highway a distance of 800 feet beyond each edge of the activity. Each side of the highway is considered separately in applying this definition except that where it is not topographically feasible for a sign or sign structure to be erected or maintained on the same side of the highway as the permanent structure devoted to industrial or commercial purposes, a business area may be established on the opposite side of a primary highway in an area zoned commercial or industrial or in an unzoned area with the approval of the state highway commission. A permanent structure devoted to industrial or commercial purposes does not result in the establishment of a business area on both sides of the highway. All measurements shall be from the outer edge of the regularly used building, parking lot, or storage or processing area of the commercial or industrial activity and not from the property lines of the activities and shall be along or parallel to the edge or pavement of the highway. Commercial or industrial purposes are those activities generally restricted to commercial or industrial zones in jurisdictions that have zoning. In addition, the following activities are not commercial or industrial: