Financial Institution
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A Financial Institution is a corporation that can provide financial services.
- AKA: Financial Intermediary.
- Context:
- It can satisfy a Financial Regulation.
- It can (typically) be an intermediary of a Financial Market.
- It can have Financial Institution Assets and Financial Institution Debts.
- …
- Example(s):
- a Bank.
- …
- Counter-Example(s):
- See: Financial Economics, Deposit Account, Loan, Trust Company, Mortgage Loan.
References
2021
- (Wikipedia, 2021) ⇒ https://en.wikipedia.org/wiki/Financial_institution Retrieved:2021-2-18.
- Financial institutions, otherwise known as banking institutions, are corporations that provide services as intermediaries of financial markets. Broadly speaking, there are three major types of financial institutions: [1] # Depository institutions – deposit taking institutions that accept and manage deposits and make loans, including banks, building societies, credit unions, trust companies, and mortgage loan companies; # Contractual institutions – insurance companies and pension funds # Investment institutions – investment banks, underwriters, and other different types of financial entities managing investments. Financial institutions can be distinguished broadly into two categories according to ownership structure:
- Some experts see a trend toward homogenisation of financial institutions, meaning a tendency to invest in similar areas and have similar business strategies. A consequence of this might be fewer banks serving specific target groups, and small-scale producers may be under-served. This is why a target of the United Nations Sustainable Development Goal 10 is to improve the regulation and monitoring of global financial institutions and strengthen such regulations.