80 likes | 215 Vues
Banking & Financial Institutions. Types of Bank. Retail Banking – High Street Banks Current and Deposit Accounts Issue Loans Issue Mortgages Business Advice. Wholesale Banking. large deposits large loans to companies or other banks and financial institutions
E N D
Types of Bank • Retail Banking – High Street Banks • Current and Deposit Accounts • Issue Loans • Issue Mortgages • Business Advice
Wholesale Banking • large deposits • large loans to companies or other banks and financial institutions • investment banks. These included famous names such as Goldman Sachs, Morgan Stanley, Rothschild, S G Hambros • Very large loans to firms are often divided (‘syndicated’) among several banks.
Bank of England • The Bank is the UK's Central Bank • It was established in 1694 and nationalized in 1946 • The Banker’s Bank • Lender of the Last Resort
MAIN FUNCTIONS OF THE BANK OF ENGLAND • Banker to the Government • Manages the issue of Government Debt • Banker to the Commercial Banks • Holds gold and foreign-exchange reserves • Manages the issue of notes and coins • Implements domestic monetary policy • Supervises banks and other financial companies (this function changes in 1999)
NBK National Bank of Kazakhstan • Not guided by profit making • Accountable to the President.. • Co-ordinates with the government in monetary policy • The primary goal = stability of prices in Kazakhstan.
Main Roles of NBK • Price stability • Issues banknotes and coins • Banker’s bank • Develops and implements monetary policy • support of payment system functioning • Foreign exchange regulation and control • assistance for maintenance of stability.
The following objectives were set up for the financial industry: • Development institutional investors • Ensure informational transparency for all investors • Develop a system for state regulation financial sector