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2025-05-09 02:19 本頁面
【正文】 No deposit insurance premium paid。1 THE FINANCIAL SERVICES SECTOR IN CANADA: Deposit Taking Institutions (DTI) (Based on Chapter 2of the Textbook by Saunders, Cort and McGraw) Outline 1. Importance of DTI. 2. Depositary FIs: The Banks 3. Balance Sheet 4. Credit Unions 5. Bank Regulators and regulations 6. Conclusions 2 1. Importance of DTI ? Major source of investment by individuals ? The claims on Depository Institutions (demand deposits) result on the majority of money supply ? Main channel for society’s transmission of risks and funds ? Critical to the overall payments system ? With FIs ? ↓ Information asymmetry (between lenders amp。 Less capital adequacy requirements by regulators. ?Hedge FI’s credit, interest rate and FX risks ? Risks: ? OffBS activities are for trading ? Gain or loss is based on the possible change in the market value over the life of the contract (usually less than 3% of the notional value of the contract. ? Unexpected defaults of guaranteed loans, loan mitments 15 Other sources of ine: Trust services ? Investment advisor: Asset Allocation ? ., How to balance your investment portfolio ? Estate Planning ? inheritance ? Planning for Your Retirement Years ? Why, How and When ? Act as transfer agents for government or corporate securities ? ., bankruptcies Corresponding Banking ? Services provided to other banks ? ., cheque clearing and collection, foreign exchange trading, participation in debt and security issuances. 16 4. Credit unions and caisses populaires Cooperative banks are small lending institutions anized around a particular group of individuals with a mon bond (union members or employees of a particular firm). ? They are nonprofitseeking FIs. ? They mostly provincially regulated. ? Members determine their lending and investment policies (60% in Quebec) ? Liabilities: ? Mostly Deposits by members (86%) ? Assets: ? Mortgages (48%) and personal loans (13%). 17 5. Bank Regulators ? Bank of Canada ? Responsible for the integrity of
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