...Ex1: OPERATIONS FINANCIAL SERVICES (EXCEPT INSURANCE AND SOCIAL INSURANCE) 1. Monetary intermediary activities: This group includes: * Activities of central bank about construction monetary policy, issuing currency, managing foreign exchange, control international reserves, inspection activities of banking institutions, etc.. * Operation of the unit resident legal entities in the banking sector; including debt subject in your account to get the monetary assets in order to participate in the activities of currency market. 2. Central bank operations This group includes: the central bank's activities as: - Released money - Bank of organization of credit - Foreign exchange operations management and control of international reserves; - Inspector of banking operations; - Bank money services for the Government. 3. Other monetary intermediary activities This group includes: Activities of businesses established under the provisions of the law, credit institutions and other provisions of law to currency trading, banking services with content deposit and use deposits to credit, provision of payment services (except financial leasing). This group's activities include the operation of commercial banks, development banks, investment banks, policy banks, cooperative banks, finance companies, people's credit funds, service companiespostal savings, credit union, ... Operation of the postal savings bank and postal money transfers; The organization...
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...threats or opportunities. Answer: Financial planning is one distinct segment among many within financial services industry. The aim of the financial planners is to assist people to maximize the potential of their financial assets. Financial planners evaluate a client’s goals, personal circumstances and risk tolerance to help them grow and preserve their wealth, minimize taxes , complete estate planning and determine insurance needs. The financial planning has a prescribed six step process for financial planning outlined by FPSC(Financial Planners Standard Council). The industry offers various products suited to different needs of the different customers. A variety of products like Mutual Funds, Guaranteed investment certificates(GIC) , Life Insurance and Retirement plans are popular. The Revenue is generated through commissions and trailers. Additional revenue stream could be generated through life insurance sales and income tax preparation. Approximately 50000-600000 individuals offered financial advice or sold financial products in Canada out of which only 17000 had a CFP Certification. The CFP(Certified Financial Planner) designation was monitored by the FPSC and assured a client of the credibility of the financial planner as the certification assured a client that the planner had a sound understanding of the business. The future growth prospects for the industry were positive as a US study revealed that employment of personal financial advisors was expected to grow by...
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...Foundations of Financial Markets and Institutions, 4e (Fabozzi/Modigliani/Jones) Chapter 2 Financial Institutions, Financial Intermediaries, and Asset Management Firms Multiple Choice Questions 1 Financial Institutions 1) Financial enterprises, more popularly referred to as financial institutions, provide a variety of services. Which of the below is NOT one of these? A) Transform financial assets acquired through the market and constituting them into a different, and more widely preferable, type of asset–which becomes their liability. B) Exchange financial assets on behalf of customers but not for their own accounts. C) Manage the portfolios of other market participants. D) Assist in the creation of financial assets for their customers, and then sell those financial assets to other market participants. Answer: B Comment: Financial enterprises exchange financial assets both on behalf of customers and for their own accounts. Diff: 2 Topic: 2.1 Financial Institutions Objective: 2.1 the business of financial institutions 2) Financial intermediaries include ________ that acquire the bulk of their funds by offering their liabilities to the public mostly in the form of deposits; insurance companies, pension funds, and finance companies. A) depository institutions B) utilities C) initial public offerings D) preferred equity instrument. Answer: A Diff: 1 Topic: 2.1 Financial Institutions Objective: 2.1 the business of financial institutions 3)...
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...U.S. Publicly Traded Bank Analysis Northern Trust MGMT 6340 Financial Markets & Institutions 2/20/08 Table of Contents 1.0 Introduction 1.1 Overview 3 1.2 Background 3 1.3 Corporate Structure 3 1.3.1 Corporate and Institutional Services 3 1.3.2 Personal Financial Services 4 1.3.3 Northern Trust Global Investments 4 1.3.4 Worldwide Operations and Technology 4 1.4 History 5 1.4.1 Recent History 5 1.5 Corporate Governance 6 2.0 Financials 2.1 Financial Highlights 7 2.2 Financial Ratios 9 2.3 Analysis of Revenues 12 2.4 Analysis of Balance Sheet 15 2.5 Asset Quality Risk Management 17 2.5.1 Interest Risk Mitigation 19 3.0 Analysis 3.1 Predicted Model 20 3.2 Valuation Model 22 4.0 Conclusion 23 References 25 1 Introduction 1.1 Overview “Northern Trust is a leading provider of global financial solutions for investment management, asset servicing, and banking needs of corporations, institutions, and affluent individuals. Northern Trust is exclusively focused on the custody, management, and servicing of client assets in two target market segments, affluent individuals through its Personal Financial Services (PFS) business unit and its institutional investors worldwide through its Corporate and Institutional Services (C&IS) business unit.” 1 pg3 Northern trust markets these two business units via a third business...
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...Competencies………………………………………………………..8 iv. Competitive Advantage…………………………………………………...9 c. Strengths and Weaknesses……………………………………………………….10 d. Internal Opportunities……………………………………………………………11 3. Part C…………………………………………………………………………………….11 a. Situational Analysis with regard to Information and Communication Technology………………………………………………………………………11 4. Conclusion……………………………………………………………………………….12 References………………………………………………………………………………………..14 Executive Summary This is a marketing strategic report, which is divided into three parts. Part A describes about the mission, current value strategies and the market definition of the Commonwealth Bank. This bank is the second largest bank in Australia which is providing financial services. The study identifies numerous strategic variables which significantly influence the performance and the profitability of the bank. Part B, describes the vital strategic variables that form the part of internal analysis like: Resources, Capabilities, Core competencies and Competitive...
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...Topic: Skills development in the financial sector: A Namibian case study HN Muyoba Student No. MYBHER001 Assignment 1: Literature Review Research Methods BUS5004W MPhil: People Management (2014 intake) Contents 1. Introduction 3 1.1 Definitions 3 1.2 Background of the Study 4 1.3 Aims of the Study 5 1.4 Study objectives 5 2 The research problem 6 3 Research Questions: 6 4 Literature review 6 4.1 International perspective 6 4.2 African perspective 8 4.3 Namibian perspective 9 5 Conclusion 12 6 Bibliography 13 1. Introduction A functional financial sector is essential for economic development. Importantly, a strong financial sector, however, relies not only on the sound organized infrastructure, but also on the ability of its human resources. Human resources are critical in the development of the financial sector. Investments in human capital are influential in shaping the financial services industry where knowledge, skill, competencies and capabilities have become key strategic drivers of productivity, competitiveness and growth (BNM Financial Sector Development, 2015). With globalization, the need for capacity building in any country’s financial sectors becomes even more critical to ensure that experts within the industry will be able to keep up with the new changes brought about by the implementation of the international financial standards, such as IFRIS. In the next decade, there are likely to be many changes...
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...(Howard Gurley), reviewed all the material for this course." Wealth manager is a professional service which is the combination of financial/investment advice, accounting/tax services, and legal/estate planning for one fee (Halliday Financial, 2015). An additional meaning to wealth manager is that Wealth management is also an investment-adviser. They incorporates financial planning, investment portfolio management and a number of aggregated financial services. High-net-worth individuals (HNWIs) small-business owners and families who desire the assistance of a credentialed financial advisory specialist call upon wealth managers to coordinate retail banking, estate planning, legal resources, tax professionals and investment management (Edward Jones Investment, 2015). Wealth managers devise strategies for the transfer of assets at the end of a client’s life and employ portfolio management techniques that minimize taxes and maximize after-tax returns. In this essay, I will discuss several things associated with wealth manager. This essay is not intended to be long; however, I will just discuss what I learned as it relates to wealth manager. I will add a conclusion and a reference page. What are Wealth Management Considerations for Business owner(s) The right business structure, such as LLC, Limited Partnership, S Corp, etc. is very important when it comes to wealth management considerations. The reason of this is because there are different tax implications based...
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...Executive Summary This paper will evaluate the communication strategy of the fictional new CEO of XYZ global financial services firm, which has been negatively impacted by a national investment crisis. It will include communication strategies to release to its target audience and stakeholders utilizing tools learned in Mary Munter’s Guide to Managerial Communication. The stakeholders have been identified as the firm’s employees, customers, shareholders, and the financial regulators. The shared common concerns of this group are the financial health of XYZ global financial services firm balance sheet, and the plans to meet regulatory obligations and compliance, and the lessons learned from the national investment crisis that will be incorporated into a risk management plan. In addition, it will discuss the recommendation of three areas that as the new CEO of XYZ global financial services firm needs to focus and apply to influence the values of the firm and prevent a future crisis by creating a culture of candor, trust, and learning. Introduction Values are beliefs that people have about what is important or worthwhile to them. Values influence behavior because people seek more of what they value. As U.S. Supreme Court Justice Potter Stewart concluded, “There is a difference between what you have a right to do, and what is right to do.” (JWMI 505, Wk 8, Lecture 1). Values therefore can be seen as the guideposts for behavior...
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...[pic] American International University-Bangladesh (AIUB) FINAL DRAFT INTERNSHIP REPORT ON “Financial performance analysis of IDLC Finance Limited in compare with Langkabangla Finance Limited” An Internship Report Presented to the Faculty of Business Administration in Partial Fulfillment of the Requirements for the Degree of Bachelor of Business Administration Supervised By: Abdus Shahed Faculty, School of Business Administration Department of Finance Submitted By: Islam Md. Zahidul ID # 07-08909-2 Major: Finance & Accounting Date of Submission: 27/December/2009 FINAL DRAFT INTERNSHIP REPORT ON “Financial performance analysis of IDLC Finance Limited in compare with Langkabangla Finance Limited” Letter of Transmittal 27 December, 2009 Mr. R. Tareq moudud, FCMA Director, Office of Placement & Alumni (OPA), American International University-Bangladesh Banani, Dhaka. Subject: - Submission of the report on “financial performance analysis of IDLC finance ltd in compare with lankabangla finance ltd.” Dear Sir, With due respect, I tried to give my honest and maximum effort in this report. As far as I believe that the information of this is genuine and true. Despite of that, there might be some mistakes which were not noticed by me because of my inexperience. By collecting information for this report I also learn something very extra in practical. I would like to know you thanks from me for giving me such a great job and opportunity like...
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...OVERVIEW……………………………………………2 - History of Japanese Economy - Japanese Financial & Banking System - Mitsubishi UFJ Financial Group BANK OF TOKYO MITSUBISHI UFJ………………16 - Structure - Rating - Capital - Competition - Services BANK MANAGEMENT ANALYSIS…………...……29 - Asset Management - Liability Management - Risk Management - Other Developments (Social Responsibilities) REPORTS ANALYSIS………………………………..35 - Financial Sheets - Financial Ratios FORECASTING……………………………………….38 - Forecasted Financial Sheets CONCLUSION………………………………………...40 I. OVERVIEW A) History of Japanese Economy The Japanese economy is the 3rd largest economy in the world, coming right behind the American economy and the economy of China. It’s one of the most studied economies among all due to its rapid growth in different eras. Its economy first interacted with Europe in the 16th century, and the Europeans were admirers of the country as it was one of the richest in metals and became a major exporter of copper and silver. In 1603, which is the beginning of the Edo period, the interaction between the Japanese and Europeans was extremely intense, and that, however, exposed Japan to Christianization waves, which lead Japan to enter a period of isolation in order to avoid such religious waves. Significant expansion of domestic industries increased during this phase. The construction trade grew along with banking dealing activities. The Edo period ended in 1868, and by that time Japan...
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...At the point of writing this essay the ABN AMRO bank finds itself in the middle of a grim take-over. After many years of underperforming stock, the shareholders lost confidence in the bank’s strategy and called for action. The bank that was so focussed on delivering shareholders value now finds itself victim of the same shareholders. How could this have happened? This essay will analyse the strategies that ABN AMRO has followed and try to explain why these strategies have not made ABN AMRO a successful company but a prey for take-overs instead. It will conclude with a discussion on if ABN AMRO could have been successful at all and hence could have secured its future as a proud Dutch bank with great historical background. History of strategies pursued by ABN AMRO Since its beginning of its existence in 1824 ABN AMRO has gone through a lot of changes. To understand the position the bank is in now, I will start describing the history of strategy starting from the moment of the merger between the ABN bank and AMRO bank in 1991. Era of expansion (1991-2000) In the early days right after the merger of ABN and AMRO bank in 1991 the strategy of the bank was focussed on consolidation. When looking at the list of investments and divestments done since 1992 , one can see that all up to the year 2000 the ABN AMRO bank mainly done acquisitions. The acquisitions were targeted on acquiring new business in the investment banking activities and expanding international presence. This expansion...
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...Businesses |J.P. Morgan is a leader in asset management, investment banking, private banking, treasury and securities services, and commercial banking. | |Today, the firm serves one of the largest client franchises in the world, including corporations, institutional investors, hedge funds, | |governments, healthcare organizations, educational institutions and affluent individuals in more than 100 countries. | | | |J.P. Morgan’s core businesses include: | |Asset Management | |Investment Bank | |Private Banking | |Securities Services | |Treasury Services | |Commercial Banking ...
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...UBS AG is a Swiss global financial services company that is headquartered in Basel and Zürich, Switzerland. The company provides investment banking, asset management, and wealth management services for private, corporate, and institutional clients worldwide, as well as retail clients in Switzerland. The name UBS was originally an abbreviation for the Union Bank of Switzerland, but it ceased to be a representational abbreviation after the bank's 1998 merger with Swiss Bank Corporation.[3] The company traces its origins to 1856, when the earliest of its predecessor banks was founded. UBS is the biggest bank in Switzerland, operating in more than 50 countries with about 63,500 employees globally, as of 2012.[4] It is considered the world's largest manager of private wealth assets; with over CHF2.2 trillion in invested assets,[5] a leading provider of retail banking and commercial banking services in Switzerland. According to the Scorpio Partnership Global Private Banking Benchmark 2013, UBS had assets under management (AuM) of US$1,705.0 billion, representing a 9.7% increase in AuM versus 2012. UBS suffered among the largest losses of any European bank during the subprime mortgage crisis and the bank was required to raise large amounts of outside capital. In 2007, the bank received a large capital injection from the Government of Singapore Investment Corporation, which remains one of the bank's largest shareholders.[6][7] The bank also received capital from the Swiss government[8]...
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...Integration of financial services in banking The financial world is changing rapidly. With increasing globalization, the blurring of distinctions, market regulation and the growth of internet enabled services, the banking sector is increasingly competitive. In the present times where banks are grappling with their declining bottom line and rise in NPAs, Innovation has become imperative for them. Product quality and price are rapidly becoming less distinctive in the battle for customers. Financial industry is at the cusp of the shift in financial sector and financial flows between banks, insurers and pension funds. The answer for the banks to these developments lies in the integration of all the financial services provided by the banks by becoming more customer-oriented. The integration of all financial services should be with the customer as the central starting point after understanding the overall financial status of a customer and providing a tailored advice for the customers. To make this possible, products, agreements, conditions and settlements are integrated into a logical and easy fashion for the customer. This can be achieved by the addition of a service layer. This service layer will assemble the separate services like banking, investment, mortgage and insurance into an integrated financial service. Following context diagram indicates the design: Advisor Client Total Agreement Service Desk Monitoring Customer Aggrements Mortgage Insurance Investment Saving/loan ...
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...Yang Jing of Beijing Material College, and Li Yaning, Yang Lu and Wang Dan from CAU have also joined the research work. Besides, this report has obtained the guidance and assistance from Ms. Wang Dan, Managing Deputy Secretary General of CAM, and the experts of SEEP. Mrs. Wang Li, President of Social Responsibility Department of Citi China has provided strong administrative and professional support. Hereby, special thanks should be given to the above fellows. For more information, pls contact Prof. He Guangwen at heguangwen@sina.com 1 Abstract Ⅰ. The Definition of Microfinance/Microcredit 1 There are two related words in international microfinance field. Microfinance refers to financial services provided for the middle and low income population while microcredit indicates credit services serving the above group. Besides the middle and low income population, there still exist many people who have no or limited access...
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