資本市場和金融機構(5)-文庫吧資料
2025-05-21 02:19本頁面
【正文】 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 assetsless liquid and more risky). ? Process called Asset Transformation ? This involves Liquidity Risk ? High % of Loan (long term) involves high Default Risk ? Trend Fewer corporate loans due to disintermediation (Removal of a FIs in transaction.) Private placements through Institutional Investors (Large nonbank FIs) 12 ? Sources of Funds ? Deposits and Borrowing ? Demand deposits. Checking accounts (payable on demand) ? Notice Deposits: Interest bearing deposits that can be withdrawn with prior notice ? Fixed Term deposits: Interest bearing deposits. Includes Interbank market deposits (41%) ? NonDeposits ? Advances from BofC (ov
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