資本市場(chǎng)和金融機(jī)構(gòu)(5)-免費(fèi)閱讀
【正文】 borrowers) ↑ Flow of funds FIs ? ↑ Savings ? ↑ Investment ? Economic growth ↑ Society’s Wellbeing 3 2. Depository Financial Institutions: The Banks ‘Play a pivotal role in the delivery of financial services and are the driving force behind Canada’s financial system’ Main Function Channel funds from savers (deposittaking) to borrowers (loans). ? Core services: deposits and loans, ? Other services: Money orders, foreign exchange, letters of credit, mortgages, financial planning, RRSPs, insurance products such as creditor life insurance and investment products. 4 Some reasons why the Cdn banking system has not been negatively affected as in the . by the subprime crisis. [Canadian Bankers Association April 2021] ? Banks in Canada are more regulated than in the . ? Canada’s banks are among the best capitalized in the world. ? Canadians have not had to bail out financial institutions, inject capital into institutions, or set up public entities to buy toxic assets – unlike the . ? The vast majority of mortgage loans are prime. ? Mortgages in arrears remain very low (only % ) ? Mortgages with less than 20% down must be insured – unlike in the US. ? The World Economic Forum ranks Canada’s banking system as the most sound in the world. 5 ? The Banks 153602 8 82 8 72842 3 97650100150200250300350400R o y a l B a n k T D B a n k C I B C S c o ti a B a n k B a n k o fM o n tr e a lN a ti o n a lB a n kA ss et s ( $ b i l l i on s )S o u rc e : D e p a rtm e n t o f F i n a n c e Ca n a d a 2 0 0 2S ix L a r g e s t B a n k s in C a n a d aThe to p si x ba nks ac co unt f or 90 % o f a sse ts in th e ba nking indus t ry .6 Largest Depository Institutions Total Assets ($Billions) Royal Bank of Canada $ TorontoDominion Bank Bank of Montreal Bank of Nova Scotia Canadian Imperial Bank of Commerce Desjardins Group Inc. (credit union) National Bank of Canada HSBC Bank of Canada Laurentian Bank of Canada Vancouver C
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