資本市場和金融機構(gòu)(5)-wenkub
2023-05-24 02:19:29 本頁面
【正文】 the Cdn financial system ? Office of the Superintendent of Financial Institutions (OSFI) ? Prudential Regulator to ensure safety of Fin System ? Regulates and supervises federally regulated FIs: Auditing, accounting, capital adequacy, corporate governance. ? Canada Deposit Insurance Corporation (CDIC) ? Ensures retail deposits up to $100,000 of deposit taking member FIs. ? Financial Consumer Agency of Canada (FCAC) ? Market Conduct Regulator 18 ? Bank Regulations ? Banks are heavily regulated ? Restrictions on: products, activities, ownership, investments, and capitalization ? Regular filing of financial reports. ? Periodical update of bank laws ? Flexibility to adapt to changes and pete internationally ? Regulatory coordination of FIs among countries ? The Bank for International Settlements (BIS) is the central bank for central banks, facilitating intercentral bank payments and serving as a forum for bank regulatory harmonization. 19 Experts: Need of a National Service Regulator in Canada ? To reduce overlap and duplication of government regulatory functions ? Regulatory expenditures per $1,000 of finance and insurance is $ Compared to Australia, $, and UK of $. ? To cover all areas of financial regulation under one jurisdiction ? Countries that have moved or are expected to move to a regulatory national system of FIs: ? Australia, UK, Sweden, Norway, Germany, Denmark, Ireland, Japan… 20 7. Conclusions ? Canadian FIs, mainly the 6 largest banks in Canada, are the driving force behind Canada’s financial system. ? Canada is world leader in the use of both debit cards and ABMs, and debit card terminals and inter banking in a per capita basis. ? Main Function of Banks: Channel funds from savers (deposittaking) to borrowers (loans). ? Banks are heavily regulated. ? Bank reforms. To encourage a proactive role in the provision of worldwide financial services by Cdn FIs. 。 Maturity mismatch (Interest rate risk) 11 Uses of Funds ? A bank uses the funds that it has acquired by issuing liabilities (short term deposits) to purchase ineearnings assets (long term assetsl
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