Dodd-Frank Act: Did it Work? Introduction “With the President’s signature, the [Dodd-Frank Act] will mark the greatest legislative change to financial supervision since the 1930s,” according to Margaret Tahyar, partner and member of the New York Financial Institutions Group (Tahyar). Officially signed by Barack Obama on July 21, 2010, the Dodd-Frank Act gave positive hope for the future for financial markets and institutions, being viewed as the “most comprehensive financial reform since the
Words: 1415 - Pages: 6
era of the 1960s to 1980s, India is no longer insulated from the global economy and yet its banks survived the 2008 financial crisis relatively unscathed, a feat due in part to these Narasimham Committees. Recommendations of Narasimham committee The 1998 report of the Committee to the GOI made the following major recommendations: Autonomy in Banking Greater autonomy was proposed for the public sector banks in order for them to function with equivalent professionalism as their international counterparts
Words: 1380 - Pages: 6
Abstract The paper talks about the primary market, FDIs, capital makets, banking sector and infrastructure financing as well. With all these elements in the India Financial market, it happens to be one of the oldest across the globe and is definitely the fastest growing and best among all the financial markets of the emerging economies. The history of Indian capital markets spans back 200 years, around the end of the 18th century. It was at this time that India was under the rule of the East India
Words: 2535 - Pages: 11
Executive Summary Westpac Private Bank aims to provide exceptional banking services to a select group of High Net worth clients. Within Westpac Private Bank’s supply chain, a continual balance has to be maintained between easy and quick transactions, while security for both the client and the bank are maintained at the highest possible level. This report will look at the supply chain management of completing
Words: 2839 - Pages: 12
Chapter 01 - Why Are Financial Institutions Special? Chapter One Why Are Financial Institutions Special? True/False 1-1 Prior to the financial crisis of 2007-2008, J.P. Morgan Chase was the largest bank holding company in the world and operations in 60 countries. Answer: F 1-2 As of 2009, U.S. FIs held assets totaling over $35 trillion Answer: T 1-3 Financial institutions act as intermediaries between suppliers and demanders of money. Answer: T 1-4 If a household invests in corporate securities
Words: 4188 - Pages: 17
largely depends on the strength and resilience of the Banking System. Indian Banks which suffered from negative capital adequacy, negative earnings and high NPAs in the Seventies and eighties are now on a robust footing thanks to the reforms brought about by the Narasimham Committee I and II and on account of the strong resolve of the Govt. and the Reserve Bank of India. It is a matter of pride that the Indian Banks have now become fully Basel II Compliant, and that they remained relatively unscathed
Words: 2869 - Pages: 12
services sector comprises an important part of the UK economy. Some of the major industries in the financial services sector include banking, investment and insurance industries. These industries are further segmented into investment and commercial banks, broking firms and building societies. A further inclusion involves independent financial advisors and insurance and re-insurance companies (Kalle, 2009). The financial and professional services industry in the UK is the largest in Europe. The industry
Words: 2760 - Pages: 12
of deposits anddiscounting of bills, treasury bills etc. The participants in the money market are: thecentral bank, commercial banks, the government, finance companies, contractual savinginstitutions like the pension funds, insurance companies, savings and loan associationsetc. The instruments that are generally traded in the money market constitute: treasury bills, short-term central bank and government bonds, negotiable certificates of deposits, bankers acceptances and commercial papers like the
Words: 3420 - Pages: 14
Essay 3: Argumentative Revised Banks exist to make money. Their existence began a long time ago as people needed a safe place to keep their money. The currency of that time did not make it practical for an individual to carry it around or keep at home. Banks make money by taking what is deposited from its customer’s accounts and investing it in other opportunities. They also make money by offering credit cards, mortgage and loan services, and the fees they charge for maintaining customer
Words: 797 - Pages: 4
Deposit-taking institutions •Banks •Building societies •Credit unions •Friendly societies Principal liabilities are deposits Non-deposit-taking institutions •Insurance companies •Investment banks •Pension funds •Unit trusts and OEICs •Investment trusts Principal liabilities are not deposits FINANCIAL SERVICES Financial intermediation provided by all financial institutions Insurance and pensions provided by insurance companies and pension funds Payments provided by banks and building societies
Words: 2756 - Pages: 12
