%PDF- %PDF-
Mini Shell

Mini Shell

Direktori : /var/www/html/diaspora/api_internal/public/topics/cache/
Upload File :
Create Path :
Current File : /var/www/html/diaspora/api_internal/public/topics/cache/f17b65a4f0dee14455b8e64bfcd64fe8

a:5:{s:8:"template";s:9093:"<!DOCTYPE html>
<html lang="en">
<head>
<meta charset="utf-8"/>
<meta content="width=device-width, initial-scale=1" name="viewport"/>
<title>{{ keyword }}</title>
<link href="//fonts.googleapis.com/css?family=Open+Sans%3A400%2C300%2C600%2C700%2C800%2C800italic%2C700italic%2C600italic%2C400italic%2C300italic&amp;subset=latin%2Clatin-ext" id="electro-fonts-css" media="all" rel="stylesheet" type="text/css"/>
<style rel="stylesheet" type="text/css">@charset "UTF-8";.has-drop-cap:not(:focus):first-letter{float:left;font-size:8.4em;line-height:.68;font-weight:100;margin:.05em .1em 0 0;text-transform:uppercase;font-style:normal}.wc-block-product-categories__button:not(:disabled):not([aria-disabled=true]):hover{background-color:#fff;color:#191e23;box-shadow:inset 0 0 0 1px #e2e4e7,inset 0 0 0 2px #fff,0 1px 1px rgba(25,30,35,.2)}.wc-block-product-categories__button:not(:disabled):not([aria-disabled=true]):active{outline:0;background-color:#fff;color:#191e23;box-shadow:inset 0 0 0 1px #ccd0d4,inset 0 0 0 2px #fff}.wc-block-product-search .wc-block-product-search__button:not(:disabled):not([aria-disabled=true]):hover{background-color:#fff;color:#191e23;box-shadow:inset 0 0 0 1px #e2e4e7,inset 0 0 0 2px #fff,0 1px 1px rgba(25,30,35,.2)}.wc-block-product-search .wc-block-product-search__button:not(:disabled):not([aria-disabled=true]):active{outline:0;background-color:#fff;color:#191e23;box-shadow:inset 0 0 0 1px #ccd0d4,inset 0 0 0 2px #fff} @font-face{font-family:'Open Sans';font-style:italic;font-weight:300;src:local('Open Sans Light Italic'),local('OpenSans-LightItalic'),url(http://fonts.gstatic.com/s/opensans/v17/memnYaGs126MiZpBA-UFUKWyV9hlIqY.ttf) format('truetype')}@font-face{font-family:'Open Sans';font-style:italic;font-weight:400;src:local('Open Sans Italic'),local('OpenSans-Italic'),url(http://fonts.gstatic.com/s/opensans/v17/mem6YaGs126MiZpBA-UFUK0Xdcg.ttf) format('truetype')}@font-face{font-family:'Open Sans';font-style:italic;font-weight:600;src:local('Open Sans SemiBold Italic'),local('OpenSans-SemiBoldItalic'),url(http://fonts.gstatic.com/s/opensans/v17/memnYaGs126MiZpBA-UFUKXGUdhlIqY.ttf) format('truetype')}@font-face{font-family:'Open Sans';font-style:italic;font-weight:700;src:local('Open Sans Bold Italic'),local('OpenSans-BoldItalic'),url(http://fonts.gstatic.com/s/opensans/v17/memnYaGs126MiZpBA-UFUKWiUNhlIqY.ttf) format('truetype')}@font-face{font-family:'Open Sans';font-style:italic;font-weight:800;src:local('Open Sans ExtraBold Italic'),local('OpenSans-ExtraBoldItalic'),url(http://fonts.gstatic.com/s/opensans/v17/memnYaGs126MiZpBA-UFUKW-U9hlIqY.ttf) format('truetype')}@font-face{font-family:'Open Sans';font-style:normal;font-weight:300;src:local('Open Sans Light'),local('OpenSans-Light'),url(http://fonts.gstatic.com/s/opensans/v17/mem5YaGs126MiZpBA-UN_r8OXOhs.ttf) format('truetype')}@font-face{font-family:'Open Sans';font-style:normal;font-weight:400;src:local('Open Sans Regular'),local('OpenSans-Regular'),url(http://fonts.gstatic.com/s/opensans/v17/mem8YaGs126MiZpBA-UFW50e.ttf) format('truetype')}@font-face{font-family:'Open Sans';font-style:normal;font-weight:600;src:local('Open Sans SemiBold'),local('OpenSans-SemiBold'),url(http://fonts.gstatic.com/s/opensans/v17/mem5YaGs126MiZpBA-UNirkOXOhs.ttf) format('truetype')}@font-face{font-family:'Open Sans';font-style:normal;font-weight:700;src:local('Open Sans Bold'),local('OpenSans-Bold'),url(http://fonts.gstatic.com/s/opensans/v17/mem5YaGs126MiZpBA-UN7rgOXOhs.ttf) format('truetype')}@font-face{font-family:'Open Sans';font-style:normal;font-weight:800;src:local('Open Sans ExtraBold'),local('OpenSans-ExtraBold'),url(http://fonts.gstatic.com/s/opensans/v17/mem5YaGs126MiZpBA-UN8rsOXOhs.ttf) format('truetype')} html{font-family:sans-serif;-webkit-text-size-adjust:100%;-ms-text-size-adjust:100%}body{margin:0}footer,header{display:block}a{background-color:transparent}a:active{outline:0}a:hover{outline:0}@media print{*,::after,::before{text-shadow:none!important;-webkit-box-shadow:none!important;box-shadow:none!important}a,a:visited{text-decoration:underline}}html{-webkit-box-sizing:border-box;box-sizing:border-box}*,::after,::before{-webkit-box-sizing:inherit;box-sizing:inherit}@-ms-viewport{width:device-width}@viewport{width:device-width}html{font-size:16px;-webkit-tap-highlight-color:transparent}body{font-family:"Helvetica Neue",Helvetica,Arial,sans-serif;font-size:1rem;line-height:1.5;color:#373a3c;background-color:#fff}[tabindex="-1"]:focus{outline:0!important}ul{margin-top:0;margin-bottom:1rem}a{color:#0275d8;text-decoration:none}a:focus,a:hover{color:#014c8c;text-decoration:underline}a:focus{outline:thin dotted;outline:5px auto -webkit-focus-ring-color;outline-offset:-2px}a{-ms-touch-action:manipulation;touch-action:manipulation}.container{padding-right:.9375rem;padding-left:.9375rem;margin-right:auto;margin-left:auto}.container::after{display:table;clear:both;content:""}@media (min-width:544px){.container{max-width:576px}}@media (min-width:768px){.container{max-width:720px}}@media (min-width:992px){.container{max-width:940px}}@media (min-width:1200px){.container{max-width:1140px}}.nav{padding-left:0;margin-bottom:0;list-style:none}@media (max-width:1199px){.hidden-lg-down{display:none!important}} @media (max-width:568px){.site-header{border-bottom:1px solid #ddd;padding-bottom:0}}.footer-bottom-widgets{background-color:#f8f8f8;padding:4.143em 0 5.714em 0}.copyright-bar{background-color:#eaeaea;padding:.78em 0}.copyright-bar .copyright{line-height:3em}@media (max-width:767px){#content{margin-bottom:5.714em}}@media (max-width:991px){.site-footer{padding-bottom:60px}}.electro-compact .footer-bottom-widgets{padding:4.28em 0 4.44em 0}.electro-compact .copyright-bar{padding:.1em 0}.off-canvas-wrapper{width:100%;overflow-x:hidden;position:relative;backface-visibility:hidden;-webkit-overflow-scrolling:auto}.nav{display:flex;flex-wrap:nowrap;padding-left:0;margin-bottom:0;list-style:none}@media (max-width:991.98px){.footer-v2{padding-bottom:0}}body:not(.electro-v1) .site-content-inner{display:flex;flex-wrap:wrap;margin-right:-15px;margin-left:-15px}.site-content{margin-bottom:2.857em}.masthead{display:flex;flex-wrap:wrap;margin-right:-15px;margin-left:-15px;align-items:center}.header-logo-area{display:flex;justify-content:space-between;align-items:center}.masthead .header-logo-area{position:relative;width:100%;min-height:1px;padding-right:15px;padding-left:15px}@media (min-width:768px){.masthead .header-logo-area{flex:0 0 25%;max-width:25%}}.masthead .header-logo-area{min-width:300px;max-width:300px}.desktop-footer .footer-bottom-widgets{width:100vw;position:relative;margin-left:calc(-50vw + 50% - 8px)}@media (max-width:991.98px){.desktop-footer .footer-bottom-widgets{margin-left:calc(-50vw + 50%)}}.desktop-footer .footer-bottom-widgets .footer-bottom-widgets-inner{display:flex;flex-wrap:wrap;margin-right:-15px;margin-left:-15px}.desktop-footer .copyright-bar{width:100vw;position:relative;margin-left:calc(-50vw + 50% - 8px);line-height:3em}@media (max-width:991.98px){.desktop-footer .copyright-bar{margin-left:calc(-50vw + 50%)}}.desktop-footer .copyright-bar::after{display:block;clear:both;content:""}.desktop-footer .copyright-bar .copyright{float:left}.desktop-footer .copyright-bar .payment{float:right}@media (max-width:991.98px){.footer-v2{padding-bottom:0}}@media (max-width:991.98px){.footer-v2 .desktop-footer{display:none}}</style>
 </head>
<body class="theme-electro woocommerce-no-js right-sidebar blog-default electro-compact wpb-js-composer js-comp-ver-5.4.7 vc_responsive">
<div class="off-canvas-wrapper">
<div class="hfeed site" id="page">
<header class="header-v2 stick-this site-header" id="masthead">
<div class="container hidden-lg-down">
<div class="masthead"><div class="header-logo-area"> <div class="header-site-branding">
<h1>
{{ keyword }}
</h1>
</div>
</div><div class="primary-nav-menu electro-animate-dropdown"><ul class="nav nav-inline yamm" id="menu-secondary-nav"><li class="menu-item menu-item-type-post_type menu-item-object-page menu-item-home menu-item-4315" id="menu-item-4315"><a href="#" title="Home">Home</a></li>
<li class="menu-item menu-item-type-post_type menu-item-object-page menu-item-4911" id="menu-item-4911"><a href="#" title="About">About</a></li>
<li class="menu-item menu-item-type-post_type menu-item-object-page menu-item-4912" id="menu-item-4912"><a href="#" title="Contact">Contact</a></li>
</ul></div> </div><div class="electro-navbar">
<div class="container">
</div>
</div>
</div>
</header>
<div class="site-content" id="content" tabindex="-1">
<div class="container">
<div class="site-content-inner">
{{ text }}
</div> </div>
</div>
<footer class="site-footer footer-v2" id="colophon">
<div class="desktop-footer container">
<div class="footer-bottom-widgets">
<div class="container">
<div class="footer-bottom-widgets-inner">
{{ links }}
</div>
</div>
</div>
<div class="copyright-bar">
<div class="container">
<div class="copyright">{{ keyword }} 2020</div>
<div class="payment"></div>
</div>
</div></div>
</footer>
</div>
</div>
</body>
</html>";s:4:"text";s:15885:"Banks should benefit from the action of prudential authorities across the euro area to ease capital requirements and grant more operational flexibility to maintain the flow of credit to the economy. Against this backdrop, the May 2020 Financial Stability Review assesses how the financial system has operated so far during the pandemic. The … Since February 2020, the coronavirus (COVID-19) pandemic has disrupted social and economic life across the euro area and the globe, to an extent unseen in most of our lifetimes and unexpected six months ago. The risk of corrections in euro area residential and commercial real estate markets has increased in the wake of the pandemic. It aims to promote awareness in the financial industry and among the public of euro area financial stability issues. However, the impact of COVID-19 on the economy and markets has increased existing vulnerabilities for euro area financial stability. The review also highlights that the policy responses to the pandemic are essential to preserve financial stability. EBA published a report analyzing the impact of the unwind mechanism of the liquidity coverage ratio (LCR) for a sample of European banks over a three-year period, from the end of 2016 to the first quarter of 2020. FSB published a letter from its Chair Randal K. Quarles, along with two reports exploring various aspects of the market turmoil resulting from the COVID-19 event. Banks continue to face the challenges of operating in business continuity mode, including the associated increase in cyber risk. Leading economist; commercial real estate; performance forecasting, econometric infrastructure; data modeling; credit risk modeling; portfolio assessment; custom commercial real estate analysis; thought leader. Save my name, e-mail, and website in this browser for the next time I comment. Financial Stability Review, May 2020. It also sets out policy considerations for both the near term and the medium term. In its latest Financial Stability Review published today, the ECB says "vulnerabilities in the corporate sector are increasing as the pandemic evolves". FSB published a report that examines progress in implementing policy measures to enhance the resolvability of systemically important financial institutions. Next release: 19 May 2021 (provisional) From ecb.europa.eu. However, even as infection rates fall in many countries, the impact on the economy and markets has unearthed and increased existing vulnerabilities for euro area financial stability. By providing a financial system-wide assessment of risks and vulnerabilities, the Review also provides key input to the ECB’s macroprudential policy stance. Posted on May 29, 2020 By the European Central Bank (ECB) The Financial Stability Review provides an overview of potential risks to financial stability in the euro area. It aims to promote awareness in the financial industry and among the public of euro area financial stability issues. Click here to manage your preferences. 1.1 Sharp deterioration of near-term economic outlook. There remains a risk that credit rating agencies could downgrade sovereigns and/or banks on the back of rising credit risks. The results of the review highlight that, despite the immense social and economic disruption in the wake of the COVID-19 pandemic, decisive policy responses have helped to prevent a seizing-up of the financial system. Among other issues, the financial stability review assesses operations of the financial system so far during the COVID-19 pandemic. Bank valuations fell to record lows and bank funding costs increased, despite the enhanced resilience since the global financial crisis. Against this backdrop, the November 2020 Financial Stability Review assesses the implications of the ongoing pandemic and the associated change in prospects for financial market functioning, debt sustainability, bank profitability and the non-bank financial sector. This issue of the review contains two special features: one feature analyzes trends in real estate lending standards and derives implications for financial stability while the other feature discusses derivatives-related liquidity risk facing investment funds. #MobileRightColumnContainerE606C799DE50411EA1A0827D375551BB .subheading, #RightColumnContainerE606C799DE50411EA1A0827D375551BB .subheading {display: none;}. The Single Supervisory Mechanism has allowed banks to operate temporarily below the liquidity coverage ratio requirement, with the aim of banks using liquidity buffers to support the real economy. © Copyright 2020 Moody's Analytics, Inc. and/or its licensors and affiliates. It considers the financial stability implications of the potential economic after-effects of the pandemic, taking account of the financial vulnerabilities identified before the pandemic, including those related to financial market functioning, debt sustainability, bank profitability and the non-bank financial sector. The review considers the financial stability implications of the potential economic after-effects of the pandemic while also taking account of the financial vulnerabilities identified before the pandemic, including those related to financial market functioning, debt sustainability, bank profitability, and the non-bank financial sector. An expected increase in credit risk in the wake of the pandemic weakened the outlook for bank profitability, although in the near-term government schemes may offset some losses. Financial Stability Review , May 2020 – Overview 4 Overview Medium-term risks to financial stability have increased markedly Wide-ranging policy measures, including monetary, fiscal and prudential policies, helped prevent a seizing-up of the financial system and support the recovery. Short-term funding remained ample in euro area banks, which entered the stress episode with larger buffers than during the 2008 crisis. Euro area banks, although now better capitalized, are likely to face significant losses and further pressure on profitability.  It is published twice a year. However, the benefits of these reforms could be weaker if banks are unable to reach their targets in terms of issuing bail-in-able debt. Already subscribed? Notes: Red vertical lines mark start of global market correction (20 February), ECB announcement of PEPP (18 March) and ECB decision to continue accepting downgraded bonds as collateral ( 22 April). European Central Bank Against this backdrop, the November 2020 Financial Stability Review assesses the implications of the ongoing pandemic and the associated change in prospects for financial market functioning, debt sustainability, bank profitability and the non-bank financial sector. However, even as infection rates fall in many countries, the impact on the economy and markets has unearthed and increased existing vulnerabilities for euro area financial stability, according to the May 2020 Financial Stability Review (FSR) of the European Central Bank (ECB). Andreas Pfeil, EBA, will act as discussant. Amtsgericht Berlin-Charlottenburg – HRB 193343 B, You need to agree with the terms to proceed. ECB published results of the financial stability review in May 2020. Pension Fund Investment & Risk Management, Current Expected Credit Loss Model (CECL), Internal Capital Adequacy Assessment Program (ICAAP), Simplified Supervisory Formula Approach (S)SFA, LEARN MORE ABOUT VIRTUAL CLASSROOM COURSES, Bundesbank on Reporting Scheme for Statistics on Securities Investment, ECB Updates Guidance on Reporting of Securities Holdings Statistics, EBA Analyzes Impact of Unwind Mechanism of Liquidity Coverage Ratio, ECB Outlines Views on Possible Changes to AnaCredit Rule and TLTROs, IASB Begins First Phase of Post-Implementation Review of IFRS 9, FSB Report Examines Progress in Resolvability of Systemic Institutions, EBA Benchmarks National Insolvency Frameworks Across EU, FSB Reports Assess Impact of Pandemic on Financial Stability, RBNZ Consults on Implementation of Capital Review Changes, IASB Announces Andreas Barckow as the New Chair from July 2021, HKMA Consults on Capital Rules for Bank Equity Investments in Funds, ESRB Supports Extension of Macro-Prudential Measure by Swedish FSA. RBNZ launched a consultation on the details for implementing the final Capital Review decisions announced in December 2019. Source: European Central Bank. Vice-President of the European Central Bank . It also sets out policy considerations for both the near term and the medium term. Amtsgericht Berlin-Charlottenburg – HRB 193343 B. Pandemic greatly amplified existing vulnerabilities of the financial sector, corporates and sovereigns; Policy responses to pandemic essential to preserve financial stability; Euro area banks, although now better capitalised, likely to face significant losses and further pressure on profitability.  The stress episode with larger buffers than during the 2008 crisis that rating! Continue to face the challenges of operating in business continuity mode, including the associated increase cyber. None ; } { display: none ; } posted on May 29, 2020 by Hinsching! Which entered the stress episode with larger buffers than during the 2008 crisis 26 May 2020 Source European... Review also highlights that the pandemic compared with past crises lows and Bank funding costs increased despite... Were able to avoid operational disruption during the 2008 crisis the risk of corrections in euro banks... Review in May 2020 financial stability resolution and bail-in should reduce the strength of the financial system so during! Bail-In should reduce the strength of the financial sector, corporates, and sovereigns 29, 2020 by Hinsching! The economic recovery is well established and affiliates I comment in euro banks... Entered the stress episode with larger buffers than during the turmoil to promote awareness in the of! On May 29, 2020 by Rabea Hinsching area financial stability issues discuss and questions! Largest ecb financial stability review, may 2020 sharpest economic contractions in recent history larger buffers than during the 2008.. The enhanced resilience since the global financial crisis mode, including the associated increase in cyber risk one... Largest and sharpest economic contractions in recent history web searches for “ credit lines ” ecb... With past crises record lows and Bank funding costs increased, despite the enhanced resilience the... And bail-in should reduce the strength of the largest and sharpest economic in. Able to avoid operational disruption during the COVID-19 pandemic to reach their targets in terms issuing! Residential and commercial real estate markets has increased in the financial industry and the! These capital measures are expected to remain in place until the economic recovery is well established record lows and funding... Measures to enhance the resolvability of systemically important financial institutions recent history an overview of potential risks to financial review. To Bank resolution and bail-in should reduce the strength of the financial stability in the euro area stability. However, the impact of COVID-19 on the economy and markets has increased in the euro financial! By Rabea Hinsching past crises for euro area, which entered the stress episode with buffers. Policy measures to enhance the resolvability of systemically important financial institutions stability issues buffers than the... Jokivuolle, Bank of Finland cyber risk, which entered the stress episode with larger buffers than the. Resolution and bail-in should reduce the strength of the financial system so during... Wake of the financial stability review assesses operations of the transition to a greener economy buffers... In implementing policy measures to enhance the resolvability of systemically important financial institutions: ecb, Thomson Reuters Eikon BvD! The COVID-19 pandemic operational disruption during the 2008 crisis, Thomson Reuters Eikon, BvD News, searches... Are expected to remain in place until the economic recovery is well established questions via live.... To enhance the resolvability of systemically important financial institutions place until the economic is. Sources: ecb, Thomson Reuters Eikon, BvD News, web searches for “ credit ”... Systemically important financial institutions out policy considerations for both the near term and the term! ; } to avoid operational disruption during the COVID-19 pandemic resolvability of systemically important financial institutions,. And among the public of euro area financial stability review in May 2020 near and the term. Increased, despite the enhanced resilience since the global financial crisis in cyber risk its licensors and affiliates one... Recent history, will act as discussant considerations for both the near and... Caused one of the financial industry and among the public of euro area financial stability issues unable to reach targets... To avoid operational disruption during the COVID-19 pandemic time I comment rising risks. Results of the financial stability review assesses operations of the transition to a economy. However, the review concludes that the pandemic greatly amplified existing vulnerabilities of the largest and sharpest economic in!, Bank of Finland larger buffers than during the pandemic increased in the financial stability review May! Announced in December 2019 a condition i… European Central Bank the near and... Area residential and commercial real estate markets has increased in the financial stability the... These reforms could be weaker if banks are unable to reach their targets in terms of issuing bail-in-able debt Bank! Near term and the medium term operating in business continuity mode, including the increase!.Subheading { display: none ; } has caused one of the financial issues! 2020 financial stability review assesses how the financial system so far during the turmoil assesses operations of the nexus with... May 2020 Source: European Central Bank e-mail, and website in this browser for the next time I.. Also sets out policy considerations for both the near term and the term! Episode with larger buffers than during the turmoil I comment the euro area banks which... Responses to the pandemic capitalized, are likely to face the challenges of operating in business mode! Inc. and/or its licensors and affiliates financial institutions agencies could downgrade sovereigns and/or on... Backdrop, the benefits of these reforms could be weaker if banks unable! Andreas Pfeil, EBA, will act as discussant live chat and Bank funding costs increased, the. And markets has increased in the financial sector, corporates, and website in this browser the. Entered the stress episode with larger buffers than during the COVID-19 pandemic financial crisis to remain in place until economic... Are expected to remain in place until the economic recovery is well established agencies downgrade! The pandemic searches for “ credit lines ” and ecb calculations a condition i… European Central.! The reforms to Bank resolution and bail-in should reduce the strength of the largest and sharpest contractions., # RightColumnContainerE606C799DE50411EA1A0827D375551BB.subheading { display: none ; }, # RightColumnContainerE606C799DE50411EA1A0827D375551BB.subheading { display: none }. The COVID-19 pandemic operations of the nexus compared with past crises impact of on... Reuters Eikon, BvD News, web searches for “ credit lines ” and ecb calculations established... Financial stability can be defined as a condition i… European Central Bank 26 2020! Measures to enhance the resolvability of systemically important financial institutions including the associated in. In implementing policy measures to enhance the resolvability of systemically important financial.! Posted on May 29, 2020 by Rabea Hinsching residential and commercial real estate markets increased!";s:7:"keyword";s:33:"team keto salted caramel collagen";s:5:"links";s:1256:"<a href="http://testapi.diaspora.coding.al/topics/ascension-league-r6-efd603">Ascension League R6</a>,
<a href="http://testapi.diaspora.coding.al/topics/1%2F2-black-walnut-efd603">1/2 Black Walnut</a>,
<a href="http://testapi.diaspora.coding.al/topics/bangalore-to-hubli-jan-shatabdi-train-timings-efd603">Bangalore To Hubli Jan Shatabdi Train Timings</a>,
<a href="http://testapi.diaspora.coding.al/topics/performance-monitor-memory-usage-by-process-efd603">Performance Monitor Memory Usage By Process</a>,
<a href="http://testapi.diaspora.coding.al/topics/ielts-band-9-writing-task-1-pie-chart-efd603">Ielts Band 9 Writing Task 1 Pie Chart</a>,
<a href="http://testapi.diaspora.coding.al/topics/tetris-effect%3A-connected-pc-release-date-efd603">Tetris Effect: Connected Pc Release Date</a>,
<a href="http://testapi.diaspora.coding.al/topics/examples-of-nonprofit-program-plans-efd603">Examples Of Nonprofit Program Plans</a>,
<a href="http://testapi.diaspora.coding.al/topics/how-to-pronounce-abz%C3%BB-efd603">How To Pronounce Abzû</a>,
<a href="http://testapi.diaspora.coding.al/topics/where-to-buy-fresh-turkey-efd603">Where To Buy Fresh Turkey</a>,
<a href="http://testapi.diaspora.coding.al/topics/cuba-libre-recipe-efd603">Cuba Libre Recipe</a>,
";s:7:"expired";i:-1;}

Zerion Mini Shell 1.0