Types of banks

Depository institutions (= Monetary Financial Institutions, MFI) Securities trading institutions Non-securities trading institutions
Other intermediaries
I I I
Retail banking Private and corporate banking
Securities business Contractual intermediaries
Insurance companies Pension funds
taking deposits issuing securities selling other nancial products
Securities business Contractual intermediaries
Insurance companies Pension funds
I
Other services of banks include
I I I
Other intermediaries
Investment banks Mutual funds
Three types of nancial intermediaries:
I
Insurance companies Pension funds
Depository institutions (= Monetary Financial Institutions, MFI)
Other intermediaries
Securities business Contractual intermediaries
Insurance companies Pension funds
Other intermediaries
Investment banks Mutual funds
Modern banking
Financial intermediation
Types of depositary institutions
BE610 Intermediaries Financial Intermediation Depositary institutions
Retail banking Private and corporate banking
Securities business Contractual intermediaries
I I I
Retail banking Private and corporate banking
Checkable deposits may be used as money $ money creation Deposits dominate other sources of funds Banks can be restricted in investment
Essex Business School
Depositary institutions
Retail banking Private and corporate banking
Securities business Contractual intermediaries
Insurance companies Pension 来自百度文库unds
Retail banking Private and corporate banking
Securities business Contractual intermediaries
Three types of nancial intermediaries:
I I
Insurance companies Pension funds
Depositary institutions
Banks
BE610 Intermediaries Financial Intermediation Depositary institutions
I
Banks primarily provide deposit and lending services:
Investment banks Mutual funds
Modern banking
Financial intermediation
Types of nancial intermediaries
BE610 Intermediaries Financial Intermediation Depositary institutions
Types of nancial intermediaries
BE610 Intermediaries Financial Intermediation Depositary institutions
Retail banking Private and corporate banking
Securities business Contractual intermediaries
Investment banks Mutual funds
Modern banking
Financial intermediation
Types of nancial intermediaries
BE610 Intermediaries Financial Intermediation Depositary institutions
Payment services Investment, pensions and insurance services E-banking
Modern banking
Depositary institutions
Retail (personal) banking
BE610 Intermediaries Financial Intermediation Depositary institutions
Fund channelling view
BE610 Intermediaries Financial Intermediation Depositary institutions
I I
Financial intermediaries channel funds from creditors to borrowers. There are di erent ways of collecting funds:
Retail banking Private and corporate banking
Securities business Contractual intermediaries
Three types of nancial intermediaries:
I I I
Insurance companies Pension funds
Investment banks Mutual funds
Modern banking
The two latter are often called Non-Deposit-taking Institutions or Non-Monetary Financial Institutions.
Depositary institutions
Retail banking Private and corporate banking
Securities business Contractual intermediaries
Three types of nancial intermediaries:
I I I
Insurance companies Pension funds
Retail banking Private and corporate banking
I
Commercial banks are the best known:
I I I
Securities business Contractual intermediaries
Insurance companies Pension funds
Other intermediaries
Investment banks Mutual funds
Modern banking
Figure: Depositary institutions in the family of nancial intermidiaries
Depository institutions (= Monetary Financial Institutions, MFI) Securities trading institutions
Other intermediaries
Investment banks Mutual funds
Modern banking
BE610 Intermediaries Financial Intermediation
BE610 Introduction to Banking
Lecture 3: Types of banks and non-bank nancial intermediaries Anna Sarkisyan and Dmitri Vinogradov
Other intermediaries
Investment banks Mutual funds
Autumn term 2010/11
Modern banking
Financial intermediation
What is there besides banks?
BE610 Intermediaries Financial Intermediation Depositary institutions
Other intermediaries
Investment banks Mutual funds
I
The type of an intermediary is determined by its primary source of funds
Modern banking
Financial intermediation
Financial intermediation
Types of nancial intermediaries
BE610 Intermediaries Financial Intermediation Depositary institutions
Retail banking Private and corporate banking
Securities business Contractual intermediaries
Three types of nancial intermediaries:
I I I
Insurance companies Pension funds
Depository institutions (= Monetary Financial Institutions, MFI) Securities trading institutions Non-securities trading institutions
Other intermediaries
Investment banks Mutual funds
Modern banking
Financial intermediation
Types of nancial intermediaries
BE610 Intermediaries Financial Intermediation Depositary institutions
Retail banking Private and corporate banking
I I I I I
traditional and modern banking securities industry investment banking insurance and pensions bancassurance
Depository institutions (= Monetary Financial Institutions, MFI) Securities trading institutions Non-securities trading institutions
Other intermediaries